LiveOne, Inc. - LVO STOCK NEWS

LiveOne partnered with eBay to host the exclusive eBay Top Star VIP event on November 19, 2022, in Long Beach, CA. This red carpet event merged sneakers, pop culture, and music, attracting over 500 guests including celebrity sneakerheads and influencers. LiveOne's Chelsea Briggs and eBay's JR Wideman provided behind-the-scenes access. The event featured performances by Jeremih and others, creating unique experiences for attendees and highlighting eBay's invite-only loyalty program. LiveOne aims to enhance its connection with the sneaker culture through this strategic collaboration.

LiveOne announces a multi-fight partnership with MetaVerseBooks and Global Titans, featuring Floyd Mayweather's first boxing match in the metaverse. The initial event will take place in Dubai on November 13, 2022, showcasing Mayweather vs. Deji at the Coca Cola Arena. The event will be accessible through the MVB Worlds metaverse platform at a ticket price of $14.99. LiveOne aims to leverage its extensive fan database to market the event and future shows, enhancing its reach within the entertainment industry.

LiveOne (Nasdaq: LVO) reported Q2 Fiscal 2023 results, revealing revenue of $23.5 million, up from $21.9 million year-over-year. Total revenue for the first half reached $46.8 million and Adjusted EBITDA was $6.4 million, a significant increase from a year ago. However, the company posted a net loss of $2.1 million. LiveOne updated its Fiscal 2023 guidance, forecasting revenue between $100 million and $110 million and Adjusted EBITDA between $9 million and $11.5 million. Additionally, the company plans a stock repurchase of up to $2 million to enhance shareholder value.

LiveOne (NASDAQ: LVO) announced the premiere of its new podcast It’s Not Only Football: Friday Night Lights and Beyond on November 10, 2022. Hosted by original cast members Zach Gilford, Scott Porter, and superfan Mae Whitman, the show will air weekly on platforms like PodcastOne, Apple Podcasts, Spotify, and YouTube. The podcast aims to revisit favorite moments from the iconic series, featuring guest appearances from cast and crew. LiveOne continues to expand its podcast offerings, enhancing its position in the entertainment industry.

LiveOne (NASDAQ: LVO) will announce its Q2 operating and financial results on November 10, 2022, after market close. The company will host a conference call at 5:00 PM ET to discuss its performance. As of September 30, 2022, LiveOne reported a membership base of 2.55 million and offers a vast library of content, including 30 million songs and hundreds of podcasts. The company focuses on delivering premium music and entertainment experiences and aims to enhance shareholder value despite various market uncertainties.

LiveOne (NASDAQ: LVO) has announced a special dividend of 5% to 10% of PodcastOne's common stock as part of its planned spin-out. The record date for shareholders eligible to receive this dividend is set for December 22, 2022. PodcastOne recently raised $8.1 million at a post-money valuation of $68 million. The company aims to file a Registration Statement on Form S-1 by December 15, 2022, and complete the spin-out by the end of the fiscal year on March 31, 2023.

LiveOne (NASDAQ: LVO) anticipates Q2 Fiscal 2023 revenue exceeding $23 million and Adjusted EBITDA around $4 million. The company gained a record 181,000 new members, including 154,000 paid subscriptions, bringing total members to 2.55 million. Its Audio Division, comprising Slacker and PodcastOne, expects revenue of $21 million and Adjusted EBITDA of $6 million. LiveOne raised its full-year Adjusted EBITDA guidance to between $8.5 million and $11.5 million and plans to file an S-1 for PodcastOne's spinout by December 31, 2022.

LiveOne (Nasdaq: LVO) plans to pre-announce preliminary unaudited financial results for its second fiscal quarter ended September 30, 2022, before the market opens on Tuesday, October 25, 2022. The company offers a music, entertainment, and technology platform, featuring a paid and ad-supported membership base of 2.5 million, a library of 30 million songs, and over 300 podcasts. LiveOne's subsidiaries include Slacker Radio and PodcastOne, which generate over 2.1 billion downloads per year.

LiveOne, Inc. (NASDAQ: LVO) announced that its Chairman and CEO, Robert Ellin, will present at two major investor conferences. The LD Micro Main Event is scheduled for October 25, 2022, at 4:30 pm ET in Los Angeles, CA. The ThinkEquity Conference will take place on October 26, 2022, at 2:30 pm ET in New York City. LiveOne, recognized for its creator-first platform, has a membership base of 2.5 million and is expanding its offerings in music and entertainment.