LiveOne's (NASDAQ: LVO) SMYLE Coffee Sells Out in Record Time: Strong Start to Its Entry into the $100B Coffee Market
LiveOne (NASDAQ: LVO) has announced the successful launch of SMYLE Coffee, a collaboration with multi-platinum rapper KYLE, who brings 4M monthly Spotify listeners and 6+M social media followers to the venture. The initial product run, launched last Friday, has already sold out completely. The coffee is available in two varieties - Cheeky and Ear-to-Ear, sold in 12 oz bags through SmyleCoffee.com. Additional inventory is expected to be restocked on the product's website.
LiveOne (NASDAQ: LVO) ha annunciato il lancio con successo di SMYLE Coffee, una collaborazione con il rapper multi-platino KYLE, che porta 4 milioni di ascoltatori mensili su Spotify e oltre 6 milioni di follower sui social media all'iniziativa. La prima produzione del prodotto, lanciata venerdì scorso, è già andata esaurita completamente. Il caffè è disponibile in due varietà - Cheeky e Ear-to-Ear, venduto in sacchetti da 12 oz tramite SmyleCoffee.com. Ulteriori scorte sono previste per il restocking sul sito del prodotto.
LiveOne (NASDAQ: LVO) ha anunciado el exitoso lanzamiento de SMYLE Coffee, una colaboración con el rapero multiplatino KYLE, quien aporta 4 millones de oyentes mensuales en Spotify y más de 6 millones de seguidores en redes sociales a la iniciativa. La primera producción del producto, lanzada el viernes pasado, ya se ha agotado por completo. El café está disponible en dos variedades: Cheeky y Ear-to-Ear, vendidas en bolsas de 12 oz a través de SmyleCoffee.com. Se espera que se repongan más inventarios en el sitio web del producto.
LiveOne (NASDAQ: LVO)는 SMYLE Coffee의 성공적인 출시를 발표했습니다. 이는 멀티 플래티넘 래퍼 KYLE과의 협업으로, 그는 이 사업에 400만 명의 월간 Spotify 청취자와 600만 명 이상의 소셜 미디어 팔로워를 제공합니다. 지난 금요일에 출시된 첫 제품은 이미 완전히 매진되었습니다. 커피는 Cheeky와 Ear-to-Ear의 두 가지 품종으로 제공되며, 12 oz 가방으로 SmyleCoffee.com을 통해 판매됩니다. 추가 재고는 제품 웹사이트에 재입고될 예정입니다.
LiveOne (NASDAQ: LVO) a annoncé le lancement réussi de SMYLE Coffee, une collaboration avec le rappeur multi-platine KYLE, qui apporte 4 millions d'auditeurs mensuels sur Spotify et plus de 6 millions de followers sur les réseaux sociaux au projet. La première production du produit, lancée vendredi dernier, est déjà complètement épuisée. Le café est disponible en deux variétés - Cheeky et Ear-to-Ear, vendu en sachets de 12 oz via SmyleCoffee.com. Des stocks supplémentaires devraient être reconstitués sur le site du produit.
LiveOne (NASDAQ: LVO) hat den erfolgreichen Start von SMYLE Coffee bekannt gegeben, einer Zusammenarbeit mit dem multiplatin erfolgreichen Rapper KYLE, der 4 Millionen monatliche Spotify-Hörer und über 6 Millionen Social-Media-Follower in das Unternehmen einbringt. Der erste Produktlauf, der letzten Freitag gestartet wurde, ist bereits komplett ausverkauft. Der Kaffee ist in zwei Sorten erhältlich - Cheeky und Ear-to-Ear - und wird in 12 oz Beuteln über SmyleCoffee.com verkauft. Weitere Bestände werden auf der Produktwebsite erwartet.
- Successful product launch with complete sellout of initial inventory
- Strategic partnership with KYLE leveraging his 10M+ combined following
- Entry into the $100B coffee market
- initial inventory availability may impact immediate revenue potential
- Dependency on restocking timeline could affect sales momentum
Leveraging KYLE’s 4M Monthly Spotify Listeners, 6+M Social Media Followers
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LOS ANGELES, Feb. 11, 2025 (GLOBE NEWSWIRE) -- LiveOne, Inc. (NASDAQ: LVO), a leading creator-first platform, proudly announces the launch of SMYLE Coffee, a collaboration with multi-platinum rapper and actor KYLE. The new coffee launched last Friday with a limited quantity of the product’s first run and has already sold out. Additional inventory is expected to be added to the product’s website after restocking.
Smyle Coffee is available in 2 varieties –Cheeky and Ear-to-Ear, each sold in 12 oz bags, and available at SmyleCoffee.com. Customers can follow @SmyleCoffee on Instagram for updates on availability.
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 Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available in Tesla vehicles and 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 September 30, 2024, filed with SEC on November 14, 2024, 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
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