Welcome to our dedicated page for LiveOne news (Ticker: LVO), a resource for investors and traders seeking the latest updates and insights on LiveOne stock.
LiveOne, Inc. (NASDAQ: LVO) is a leading, creator-first music, entertainment, and technology platform, headquartered in Los Angeles, California. Formerly known as LiveXLive Media, Inc., the company is dedicated to delivering premium live music experiences and music-related video content to audiences worldwide. With subsidiaries like Slacker Radio and PodcastOne, LiveOne has established itself as a pioneer in the live streaming and audio content industry.
Since its inception in 2015, LiveOne has streamed performances from over 200 of the world’s biggest artists at renowned festivals such as Rock in Rio and the Outside Lands Music and Arts Festival. The platform offers a diverse range of content, including live streamed concerts, on-demand music videos, original shows, artist exclusives, and in-depth industry interviews.
The company operates through two primary segments: Audio and Media. The Audio segment, which includes Slacker Radio, is a significant revenue driver, offering personalized radio and curated stations. In addition, LiveOne's recent initiatives include the launch of Drumify 3.0, a subscription model designed to convert a large portion of its user base into recurring subscribers, enhancing customer lifetime value and overall revenue.
LiveOne has formed strategic partnerships to expand its reach and diversify its revenue streams. Notably, its decade-long collaboration with Tesla has resulted in substantial growth, with Tesla members increasing by 33% year over year. The company continues to focus on developing new B2B relationships to enhance its financial stability.
Financially, LiveOne has projected strong growth, with expectations of exceeding 1 million members by 2024 and significant increases in revenue from various segments. The company's innovative approach has earned it multiple awards, including the Best Live Moment award by Digiday for the
LiveOne (NASDAQ: LVO) announces the launch of a new podcast titled Turtle Time with Ramona and Avery, debuting on April 26, 2023. The podcast features reality star Ramona Singer and her daughter Avery, targeting lifestyle topics and personal anecdotes, aiming to attract and engage a diverse audience.
With a combined social following exceeding 1.5 million, the show is expected to enhance PodcastOne’s portfolio of popular programs. Kit Gray, President of PodcastOne, expressed excitement about the duo's relationship and the potential appeal to advertisers. Ramona, known from Real Housewives of New York, brings her substantial business expertise, having launched various successful ventures, while Avery, an economics graduate, is building her own business in event curation.
LiveOne, Inc. (Nasdaq: LVO), a leading music and entertainment platform, will engage with investors at two upcoming conferences. The first event is the Ladenburg Thalmann Tech Expo 2023 on April 27, 2023, at 4:00 PM ET in New York City, featuring a webcast available online. The second is the Taglich Brothers Annual Investment Conference on May 1, 2023, at 9:45 AM ET, also in New York City, with a dedicated webcast. LiveOne boasts a paid and ad-supported membership base of approximately 2.85 million and has partnerships with Tesla for the inclusion of Slacker Radio. The company's extensive offerings include music streaming, podcasts, and virtual events. For more information, visit liveone.com.
LiveOne (LVO) has announced its revenue guidance for FY 2024, estimating $95 to $105 million, with an Adjusted EBITDA of $18 to $21 million. The company expects its Audio Division to generate $12 million in cash flow before settling aged payables. It anticipates a total member base of 3.75 million, including 2.8 million paid members, marking a 40% increase. Currently, LiveOne holds a cash position of $9 million and $28 million in short-term assets. CEO Robert Ellin stated that the previous fiscal year was a significant turning point, expecting an improvement of approximately $25 million in Adjusted EBITDA compared to FY 2022. However, the provided financial results remain preliminary and unaudited, subject to adjustments due to various risks and uncertainties.
LiveOne, Inc. (NASDAQ: LVO), a leading music and entertainment platform, will host a virtual investor business briefing on April 20, 2023, at 10:30 AM ET. The briefing will address the company's recent achievements, including surpassing two million premium members and significant partnerships, particularly with electric vehicle manufacturers. CEO Robert Ellin will highlight expectations for 2023 and discuss the upcoming PodcastOne Spinout. The company boasts over 2.85 million members, more than 2.3 billion podcast downloads annually, and a range of media offerings. The briefing will be available live and archived for later viewing.
LiveOne (NASDAQ: LVO) has acquired the network distribution and advertising sales rights for two popular podcasts: I’ve Had It and Causing a Scene with Sara and Natalie. I’ve Had It, since its launch in October 2022, has gained significant traction, achieving over 28.7 million views on Twitter and ranking highly on Apple Podcasts. Hosted by Jennifer Welch and Angie Sullivan, it features candid discussions and celebrity guests. Causing a Scene, hosted by Sara Gretzky and Natalie Buck, explores current television trends. This acquisition adds to PodcastOne's female-focused programming and underscores its commitment to enhancing advertising opportunities in the podcast space, where female listeners are notably influential. The deal aims to leverage PodcastOne’s extensive reach and advertising capabilities.
PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), has reported impressive growth metrics for March 2023. The platform achieved 32.7 million downloads, reflecting a significant 67% increase month-over-month, along with a 51% rise in unique audience reach compared to February. This performance placed PodcastOne at #11 among the top podcast publishers, surpassing competitors like CNN and Paramount.
President Kit Gray attributed this growth to the strong programming and effective marketing strategies. The performance is driven by popular shows including Off The Vine and The Jordan Harbinger Show. PodcastOne aims to continue expanding its audience and enhancing relationships with podcasters, leveraging the rapid growth of the podcasting industry.
LiveOne (NASDAQ: LVO) announced the repayment of $1 million in convertible debt and plans to repay an additional $1-2 million. It also announced an extension of the record date for shareholders to April 20, 2023, and an increase in dividends to LiveOne shareholders of record, estimating a payout between 12% and 16%. Furthermore, the company’s share buyback has exceeded 2,245,000 shares, with a remaining capacity of $1.6 million for further repurchases. This update comes as part of a broader strategy to spin out PodcastOne as a separate public entity.
FAQ
What is the current stock price of LiveOne (LVO)?
What is the market cap of LiveOne (LVO)?
What is LiveOne, Inc.?
What are the core services of LiveOne?
How does LiveOne generate revenue?
What are some key partnerships of LiveOne?
Where is LiveOne headquartered?
What is the financial outlook for LiveOne?
Which platforms is LiveOne available on?
What recent achievements has LiveOne made?
How is LiveOne expanding its market presence?
What awards has LiveOne received?
