Liveone Inc Stock Price, News & Analysis

LiveOne (NASDAQ: LVO) has appointed Jim Berk to the Board of Directors for its subsidiary PodcastOne. Berk, previously CEO of PodcastOne and Participant Media, brings over 25 years of leadership experience in entertainment and media. He is expected to guide PodcastOne during its growth phase, particularly as it prepares for an IPO. PodcastOne stands out with over 14 million monthly unique listeners and 2.3 billion annual downloads. The appointment aligns with LiveOne's strategy to innovate and capitalize on opportunities in the media sector, as noted by industry leaders Robert Ellin and Kit Gray.

LiveOne (NASDAQ: LVO) reported impressive growth, achieving 160K paid members in Q3 FY 2023, totaling over 1.9 million paid members and exceeding 2.7 million total members. In the past nine months, membership rose by 414K, a 28% increase, while the last year saw a 532K increase—40% growth. The company raised its FY 2023 Adjusted EBITDA guidance to $10 million-$12 million and expects revenue of $74 million for the first nine months, with $27 million in Q3. Additionally, LiveOne aims for an IPO of Slacker this year, supported by $10.7 million in cash.

LiveOne (NASDAQ: LVO) announced that CEO Robert Ellin will present at the 25th Annual Needham Growth Conference on January 11, 2023, at 4:30 PM ET. The presentation can be viewed live or replayed via a provided link. Ellin will also hold one-on-one meetings with institutional investors during the event. LiveOne, based in Los Angeles, focuses on music, entertainment, and technology, boasting a membership base of 2.7 million as of December 30, 2022, with over 30 million songs available.

LiveOne (LVO) has announced an increase in its Adjusted EBITDA* guidance for Fiscal 2023 to between $9.5 million and $12 million. The company has successfully implemented cost reductions, expecting annual savings exceeding $30 million. Additionally, LiveOne has short-term assets of $25 million and a cash balance of $8.4 million. A non-binding Letter of Intent for a new credit line of up to $20 million has been signed, pending necessary approvals.

LiveOne (LVO) reported a record total of 2.7 million members, including 1.9 million paid members. Paid membership grew by 8% in Q3 FY2023, representing 160,000 new paid members. Over the past year, membership increased by 532,000 or 40%. LiveOne raised its guidance for the Audio Division to $17.5 million - $19 million in adjusted EBITDA for FY2023. The company is also planning to IPO Slacker Radio in FY2024.

LiveOne (NASDAQ: LVO) has announced a spin-out of PodcastOne, with an S-1 filing for its listing and a special dividend for shareholders set on January 16, 2023. PodcastOne is projected to generate $25 million in revenue for the first nine months of fiscal 2023. The podcast network boasts over 14 million unique monthly listeners and 2.3 billion downloads annually across 1,200 podcasts. With its proprietary CMS, PodcastOne offers creators insightful metrics and monetization opportunities, positioning itself as a leader in the podcasting space.

LiveOne (LVO) announced plans to spin out its subsidiary PodcastOne into a separate public company, with a special dividend to LiveOne shareholders set for January 15, 2023. The company is also exploring the potential spin-out of SlackerOne during its 2024 fiscal year. This strategic move aims to enhance shareholder value and streamline operations. LiveOne boasts a membership base of 2.6 million and significant podcasting capabilities, generating over 2.48 billion downloads annually.

LiveOne (NASDAQ: LVO) will present at two upcoming virtual investor conferences: the Ladenburg Thalmann Virtual Technology Expo on December 7, 2022, at 11:00 AM ET and the Sequire Virtual Small Cap Conference on December 8, 2022, at 6:30 PM ET. CEO Robert Ellin will lead the presentations. Investors can register to view the live events and request one-on-one meetings with management. LiveOne is a creator-first entertainment platform with 2.6 million members and a diverse content library, recently recognized with awards for its live events.

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.