LiveOne's (Nasdaq: LVO) Tesla Partnership Surpasses Projections with Over 600,000 Users, 33% Increase Since Jan. 1st
LiveOne (LVO) has announced significant growth in its Tesla partnership, reaching over 600,000 Tesla users, marking a 33% increase since January 1st. The company revealed that more than 275,000 of these users are on the ad-supported tier. In addition, LiveOne has secured $40+ million in B2B partnerships over the past 60 days and expanded its B2B pipeline to include over 70 companies.
The company is leveraging AI and data mining capabilities to monetize its user database. CEO Robert Ellin highlighted the company's cross-device music experience and expressed confidence in signing additional partnerships throughout the year, emphasizing the scalable growth potential and new revenue streams from their business model.
LiveOne (LVO) ha annunciato una crescita significativa nella sua partnership con Tesla, raggiungendo oltre 600.000 utenti Tesla, segnando un aumento del 33% rispetto al 1° gennaio. L'azienda ha rivelato che più di 275.000 di questi utenti sono nella fascia supportata da annunci. Inoltre, LiveOne ha ottenuto oltre 40 milioni di dollari in partnership B2B negli ultimi 60 giorni ed ha ampliato il suo portafoglio B2B per includere oltre 70 aziende.
L'azienda sta sfruttando le capacità di intelligenza artificiale e data mining per monetizzare il suo database utenti. Il CEO Robert Ellin ha messo in evidenza l'esperienza musicale cross-device dell'azienda ed ha espresso fiducia nella firma di ulteriori collaborazioni lungo l'anno, sottolineando il potenziale di crescita scalabile e nuove fonti di reddito dal loro modello di business.
LiveOne (LVO) ha anunciado un crecimiento significativo en su asociación con Tesla, alcanzando más de 600,000 usuarios de Tesla, marcando un aumento del 33% desde el 1 de enero. La empresa reveló que más de 275,000 de estos usuarios están en el nivel financiado por anuncios. Además, LiveOne ha asegurado más de 40 millones de dólares en asociaciones B2B en los últimos 60 días y ha ampliado su cartera B2B para incluir a más de 70 empresas.
La compañía está aprovechando las capacidades de IA y minería de datos para monetizar su base de datos de usuarios. El CEO Robert Ellin destacó la experiencia musical entre dispositivos de la empresa y expresó confianza en la firma de asociaciones adicionales durante el año, enfatizando el potencial de crecimiento escalable y nuevas fuentes de ingresos de su modelo de negocio.
LiveOne (LVO)는 테슬라와의 파트너십에서 33% 증가한 600,000명 이상의 테슬라 사용자를 달성했다고 발표했습니다. 회사는 이 사용자 중 275,000명 이상이 광고 지원 계층에 있다고 밝혔습니다. 또한 LiveOne은 지난 60일 동안 4천만 달러 이상의 B2B партнер십을 확보하고 70개 이상의 기업을 포함하는 B2B 파이프라인을 확대했습니다.
회사는 AI 및 데이터 마이닝 기능을 활용하여 사용자 데이터베이스를 수익화하고 있습니다. CEO 로버트 엘린은 회사의 크로스 디바이스 음악 경험을 강조하며 연내에 추가 파트너십을 체결할 것이라고 확신하며, 이 비즈니스 모델의 확장 가능한 성장 잠재력과 새로운 수익원을 강조했습니다.
LiveOne (LVO) a annoncé une croissance significative de son partenariat avec Tesla, atteignant plus de 600,000 utilisateurs Tesla, marquant une hausse de 33% depuis le 1er janvier. L'entreprise a révélé que plus de 275,000 de ces utilisateurs se trouvent dans le forfait soutenu par la publicité. De plus, LiveOne a sécurisé plus de 40 millions de dollars en partenariats B2B au cours des 60 derniers jours et a élargi son pipeline B2B pour inclure plus de 70 entreprises.
L'entreprise tire parti des capacités de l'IA et de l'analyse de données pour monétiser sa base de données utilisateurs. Le PDG Robert Ellin a souligné l'expérience musicale multiplateformes de l'entreprise et a exprimé sa confiance dans la signature de nouveaux partenariats tout au long de l'année, en mettant l'accent sur le potentiel de croissance évolutive et sur de nouvelles sources de revenus de son modèle commercial.
LiveOne (LVO) hat ein signifikantes Wachstum in seiner Partnerschaft mit Tesla bekannt gegeben und über 600.000 Tesla-Nutzer erreicht, was einem Anstieg von 33% seit dem 1. Januar entspricht. Das Unternehmen gab bekannt, dass mehr als 275.000 dieser Nutzer im werbefinanzierten Tarif sind. Darüber hinaus hat LiveOne in den letzten 60 Tagen über 40 Millionen US-Dollar in B2B-Partnerschaften gesichert und seine B2B-Pipeline auf über 70 Unternehmen erweitert.
Das Unternehmen nutzt KI- und Datenanalysetechnologien, um seine Nutzerdatenbank zu monetarisieren. CEO Robert Ellin hob die plattformübergreifende Musikerfahrung des Unternehmens hervor und äußerte sich zuversichtlich, im Laufe des Jahres weitere Partnerschaften abschließen zu können, wobei er das skalierbare Wachstumspotential und neue Einnahmequellen aus ihrem Geschäftsmodell betonte.
- 33% user growth in Tesla partnership since January 1st, reaching 600,000 users
- Secured $40+ million in B2B partnerships in last 60 days
- Expanded B2B pipeline to over 70 companies
- 275,000+ ad-supported users creating new revenue stream
- None.
Insights
The surpassing of 600,000 Tesla users represents a compelling growth story for LiveOne, with several key implications for investors:
The 33% user growth since January 1st demonstrates exceptional momentum in user acquisition. More significantly, the 275,000+ ad-supported users create a valuable recurring revenue stream. Using industry-standard automotive audio advertising rates, this could translate to potential annual revenue of
The secured $40+ million in B2B partnerships over just 60 days is particularly noteworthy for a company with a market cap of approximately
The integration of AI and data mining capabilities presents three distinct advantages:
- Enhanced user targeting and advertising efficiency
- Improved content personalization driving user retention
- Valuable user behavior insights for B2B partners
The Tesla partnership positions LiveOne strategically in the premium automotive entertainment sector, a rapidly growing market as vehicles become increasingly connected. The cross-device functionality addresses a critical user need and could drive higher engagement metrics.
However, investors should note that while the growth metrics are impressive, the key focus should be on conversion rates from ad-supported to premium users and the average revenue per user (ARPU) trends in coming quarters. The success of the B2B partnerships will ultimately be measured by their contribution to bottom-line profitability, not just top-line growth.
- New Users Include 275K+ Ad-Supported
- Signed
- B2B Pipeline Expands to Over 70 Companies
- Utilizing AI and Data Mining to Monetize Database
LOS ANGELES, Jan. 23, 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 600,000 Tesla users. Of those users, over 275,000 are ad-supported users. In addition, the company reported an increase in B2B potential partnerships in their pipeline.
Robert Ellin, Chairman and CEO of LiveOne commented, "We're excited to expand our partnership with Tesla, delivering a portable, cross-device music experience. This is an explosive start to the year. Our new ad-supported offering is yielding promising results, and our latest
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.
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