Liveone Inc - LVO STOCK NEWS

LiveOne (LVO) has announced reaching over 450,000 Tesla users, including more than 100,000 free ad-supported users. The data reveals that users average 50+ minutes of daily in-vehicle listening and achieve 2.8x engagements. The company's upgraded Tesla partnership, which delivers the LiveOne app and music service to all devices, demonstrates strong customer loyalty over 12 years. LiveOne's CEO Robert Ellin emphasized the company's focus on developing B2B partnerships with major companies valued between $1 billion and trillion dollars, leveraging their customer databases with LiveOne's programming capabilities.

LiveOne's (LVO) subsidiary Splitmind has co-produced the song 'Chill Baby' on SZA's new album Lana, featuring Lil Yachty. The song, part of the deluxe edition of SZA's 3x Platinum album SOS, was written and co-produced by Splitmind's Calvin 'CD.mp3' Dickinson. The album achieved over 27M+ streams in its first 24 hours. Splitmind's music collective has garnered over 2B streams across 100+ major label releases and increased revenues by 37% year-over-year. The company has previously live-streamed SZA to its 200M+ viewers since 2018. Splitmind's portfolio includes collaborations with notable artists like Wizkid, Drake, GloRilla, Brent Faiyaz, KYLE, Russ, and Blxst.

LiveOne (LVO) has received formal confirmation from Nasdaq that it has regained compliance with the exchange's minimum bid price requirement under Listing Rule 5550(a)(2). The company will continue trading on Nasdaq under the symbol 'LVO'. This development follows LiveOne's efforts to enhance shareholder value and improve its balance sheet.

LiveOne (LVO) has announced significant progress in its multi-year partnership with Tesla, reaching 350,000 paid subscribers as of December 15th, 2024. CEO Robert Ellin highlighted the company's use of their technology stack, including AI, to provide personalized user experiences. The company also reported a current cash position of $16 million.

LiveOne (NASDAQ: LVO) has announced strategic balance sheet restructuring initiatives and partnership updates. The company has secured multi-year music licensing agreements with BMI and ASCAP, while also restructuring $8 million in payables. These developments are expected to enhance the company's ability to finalize over 65 B2B deals currently in their pipeline, supporting their global expansion efforts.

LiveOne (NASDAQ: LVO) has announced an exclusive audio advertising partnership with DAX, a leading digital advertising platform in the United States. Under the agreement, DAX will serve as LiveOne's exclusive audio advertising sales partner in the U.S., with expectations to significantly enhance LiveOne's programmatic audio advertising revenues.

DAX, which reaches over 108 million listeners through various audio channels including music, podcasts, radio, mobile games, and audio articles, will help LiveOne maximize its advertising opportunities while connecting brands with engaged audiences through its network of premium publishers.

LiveOne's subsidiary Splitmind has achieved a significant milestone as executive producer of the lead single for Wizkid's new album 'Morayo', which garnered 100 million streams within 48 hours of release. The album set a record as the highest-streamed debut for an African artist. Splitmind's recent collaborations include work with notable artists GloRilla, Brent Faiyaz, KYLE, Russ, and Blxst. Additionally, Drumify, another LiveOne venture, reported record revenues for October and plans to launch its first generative AI platform for beats and sounds through a partnership with Seekr and Intel.

LiveOne (NASDAQ: LVO) announces the launch and live streaming of rapper KYLE's new album 'LVL 1: At Least It Was Fun', executive produced by its subsidiary Splitmind. The album showcases LVO's growth pillars: streaming, music publishing, music production, and celebrity products. Splitmind, a music collective with over 2B streams and 300% YOY revenue growth, collaborated with Grammy-winning producer Steven Shaeffer on this project. LiveOne's streaming platform has reached 200+ million viewers with 5 billion engagements across 220 countries. The company recently entered the $100B coffee market through Smyle Coffee acquisition in partnership with KYLE.

LiveOne (LVO) reported Q2 Fiscal 2025 results with consolidated revenue of $32.6M, up 14% year-over-year. The Audio Division, comprising Slacker Radio and PodcastOne, generated revenue of $31.7M, an 18% increase. Operating loss improved to ($1.4M) from ($2.5M) in Q2 Fiscal 2024. The company maintains its Fiscal 2025 guidance with consolidated revenue of $120M-$135M and Adjusted EBITDA of $8M-$15M. LiveOne increased its ownership in PodcastOne to 72%, acquiring 583,000 PODC shares at an average price of $1.77. The company's paid members grew 27% year-over-year, with total members reaching approximately 4.0 million.