LiveOne (Nasdaq: LVO) Surpasses 1 Million Subscribers, Including Tesla

Rhea-AI Summary

LiveOne (Nasdaq: LVO) has achieved a significant milestone by surpassing 1 million subscribers, marking a 100%+ increase in combined paid and ad-supported subscribers since January 1st. The company reported that over 900,000+ Tesla vehicles (45%+) have been converted, and there has been a 30%+ month-over-month increase in listening on Telly.

The company's B2B pipeline has expanded to include 75+ partnerships, targeting a Total Addressable Market (TAM) of $13B+. LiveOne operates as a creator-first, music, entertainment, and technology platform, delivering premium experiences through memberships and events. Its subsidiaries include Slacker, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind.

Positive

• Surpassed 1M subscribers with 100%+ growth since Jan 1
• 900k+ Tesla vehicle conversions (45%+ penetration)
• 30%+ MoM growth in Telly platform listening
• B2B pipeline expanded to 75+ partnerships
• Large $13B+ Total Addressable Market opportunity

Negative

• None.

Insights

Digital Media Analyst

LiveOne's milestone of 1 million subscribers represents a substantial achievement for a company of its size and signals accelerating growth with a reported 100%+ increase in combined paid and ad-supported subscribers since January. The Tesla integration appears particularly successful, with 900,000+ Tesla vehicles (representing 45%+ of Tesla's fleet) converted to using LiveOne's services.

This Tesla partnership provides LiveOne with significant distribution leverage in the competitive audio streaming landscape. The 30%+ month-over-month listening increase on the Telly platform further indicates strong user engagement across LiveOne's expanding content ecosystem. While the announcement doesn't specify the paid versus ad-supported subscriber mix, achieving this scale potentially strengthens LiveOne's advertising revenue potential and negotiating position with content creators.

For context, LiveOne's current market capitalization is approximately $73 million, suggesting the market may not be fully valuing the company's growing subscriber base and strategic partnerships. The subsidiary structure - with PodcastOne separately listed (PODC) - creates an interesting corporate framework that allows different content verticals to potentially develop distinct growth trajectories while maintaining ecosystem synergies.

Corporate Strategy Expert

LiveOne's expansion of its B2B pipeline to 75+ partnerships targeting a $13B+ total addressable market represents a significant strategic pivot beyond direct-to-consumer distribution. This B2B focus could diversify revenue streams and potentially reduce customer acquisition costs compared to competing directly in the crowded consumer subscription market.

The Tesla integration deserves particular attention as it demonstrates LiveOne's ability to secure high-profile embedded content partnerships in premium vehicles. The 45%+ conversion rate within Tesla vehicles suggests strong product-market fit within this ecosystem. Similar integrations with other automotive or device manufacturers could provide scalable distribution channels that bypass traditional app store dynamics.

LiveOne's multi-subsidiary approach across Slacker, PodcastOne, PPVOne, LiveXLive, and others creates a portfolio of specialized content platforms that can target distinct audience segments while sharing backend infrastructure. This structure potentially enables more focused innovation and market positioning than a single-brand approach. However, managing this complexity requires disciplined resource allocation to prevent fragmentation. The milestone announcement comes at a critical scale inflection point where network effects could begin accelerating organic growth.

- Combined paid and ad-supported subscribers up 100%+ since Jan. 1^st

- 900k+ or 45%+ of Tesla vehicles converted

- 30%+ month-over-month increase in listening on Telly

- B2B pipeline grows to 75+ partnerships targeting $13B+ TAM

LOS ANGELES, Feb. 28, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today that it has surpassed a milestone of over 1,000,000 subscribers. In addition, the company reported an increase in B2B potential partnerships in their pipeline.

About LiveOne

Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter at @liveone. For more investor information, please visit ir.liveone.com.

Forward-Looking Statements

 All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; LiveOne’s ability to extend and/or refinance its indebtedness and/or repay its indebtedness when due; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, filed with SEC on February 14, 2025, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

LiveOne IR Contact:
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com

LiveOne Press Contact:
LiveOne
press@liveone.com

Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and Twitter at @liveone.

FAQ

How many subscribers has LiveOne (LVO) reached in February 2025?

LiveOne (LVO) has surpassed 1 million subscribers, representing a 100%+ increase in combined paid and ad-supported subscribers since January 1st.

What percentage of Tesla vehicles have converted to LiveOne (LVO) services?

Over 900,000+ or 45%+ of Tesla vehicles have converted to LiveOne services.

What is the size of LiveOne's (LVO) B2B partnership pipeline and target market?

LiveOne has grown its B2B pipeline to 75+ partnerships, targeting a $13B+ Total Addressable Market (TAM).

What growth has LiveOne (LVO) reported in Telly platform listening?

LiveOne reported a 30%+ month-over-month increase in listening on the Telly platform.