LiveOne, Inc. - LVO STOCK NEWS

LiveOne (NASDAQ: LVO) Brands is expanding its Birthday Sex Wine into California and Georgia's wine markets, valued at $47 billion. This move aligns with the company's commitment to diversity and inclusion in the beverage industry. LiveOne has partnered with SOKO, California's first Black-owned and woman-owned distributor, and Kelly Family Distributor in Georgia, the premier distributor for Black-owned wine and spirits brands.

The wine is a collaboration with R&B star Jeremih and wine-maker Russell Bevan. CEO Robert Ellin expressed excitement about the partnerships and the opportunity to engage with communities through cultural events and celebrations. LiveOne plans to expand distribution to more states in the near future, aiming to promote inclusivity and provide high-end wine to multi-cultural consumers.

LiveOne (NASDAQ: LVO), a music, entertainment, and technology platform, has announced price increases for its Plus and Premium membership plans. The LiveOne Plus annual price has increased to $39.99 (a $4 per subscriber increase), while the LiveOne Premium monthly price has risen to $10.99 (a $1 per subscriber increase). These adjustments aim to support future product innovation and enhanced content experiences.

With over 4 million ad-supported and paid members, LiveOne is positioned to capitalize on the expected growth of the music streaming market, which is projected to increase from $35 billion to over $100 billion by 2030. CEO Robert Ellin stated that the price adjustment reflects the growing value of their music streaming service and will enable continued product innovation and improved content experiences.

Kartoon Studios (NYSE American: TOON) and LiveOne (NASDAQ: LVO) have announced a partnership to create three custom audio and video channels for diverse age groups. The collaboration aims to leverage both companies' creative expertise and distribution networks to reach a wide audience. The channels include:

1. Baby Genius for children aged 2-8
2. Stan Lee Presents for kids and teens aged 8 and older
3. Cartoon Hangover for teens aged 15 and up

These channels will be distributed through existing platforms, including the Tesla Streaming Music App, reaching over four million LiveOne members. The rollout is scheduled to begin in Fall 2024, offering tailored entertainment experiences across multiple platforms.

LiveOne (NASDAQ: LVO), a music, entertainment, and technology platform, has reported a current cash position of over $9.1 million following stock purchases. The company has acquired 583,000 PODC shares at an average price of $2.08, including 224,000 shares since July 1st. Additionally, LiveOne has purchased over 153,000 LVO shares since July 1st.

The company still has $6.3 million remaining for repurchases. LiveOne plans to extinguish 4.3 million repurchased LVO shares by the end of the week, which will reduce outstanding shares from 99 million to 94.7 million. These actions demonstrate LiveOne's commitment to enhancing shareholder value through strategic stock repurchases and share count reduction.

LiveOne (NASDAQ: LVO), a leading streaming platform, has announced a multi-year B2B partnership with TextNow, a free phone service provider with over 250 million downloads. The collaboration offers TextNow users exclusive content and a one-year LiveOne Plus subscription at a significant discount. This strategic move is expected to drive revenue and EBITDA growth for LiveOne.

The partnership provides TextNow customers access to LiveOne Plus, featuring ad-free streaming, HD audio, unlimited skips, and exclusive shows. LiveOne is expanding its B2B team from 6 to 10 employees to support this initiative. Both companies view this collaboration as an opportunity to enhance their service offerings and reach a broader audience, aligning with their respective missions of providing innovative, affordable solutions and high-quality entertainment content.

LiveOne (NASDAQ:LVO) and its subsidiary Slacker Radio have partnered with Legible to launch a 'Book of the Month' program. This collaboration will provide Slacker Radio's 4 million members with free access to a monthly audiobook, curated by Legible's experts. The initiative aims to tap into the global audiobook market, valued at $5B and projected to reach $42B by 2031.

The partnership enhances LiveOne's audio offerings, now encompassing music, podcasts, and audiobooks. Members will also gain exclusive previews of Legible's diverse audiobook catalog. This strategic move is expected to increase member engagement, retention, and attract new users to LiveOne's platform, positioning the company as a pioneer in integrating music and audiobooks in the digital entertainment landscape.

LiveOne (Nasdaq: LVO) reported Q1 Fiscal 2025 results with revenue of $33.1M, a 19% increase year-over-year. The Audio Division, comprising Slacker Radio and PodcastOne (Nasdaq: PODC), achieved record revenue of $31.9M, up 24% YoY. Adjusted EBITDA improved to $2.9M, with the Audio Division contributing $5.1M. LiveOne maintains its fiscal year 2025 guidance of consolidated revenue between $140M-$155M and Adjusted EBITDA of $16M-$20M. The company's paid members increased by 653K or 29% compared to the previous year. LiveOne continues to explore strategic alternatives to enhance shareholder value and has repurchased 4.38M shares, with $6.3M remaining in its repurchase program.

LiveOne (Nasdaq: LVO) announced the 245th edition of its MusicLives Hamptons Festival, featuring KYLE and Jeremih. The event will showcase 5 hours of VIP artist performances across multiple genres, with artists boasting a combined 20 million social followers and 40 billion global streams. The festival will be live-streamed on LiveOne.com starting August 16th at 4:00 PM PT.

LiveOne has achieved impressive milestones in live streaming, reaching over 200 million viewers and generating 5 billion fan engagements across 220 countries. The platform has streamed 3,200 artists, including major names like Taylor Swift, Adele, and Justin Bieber. The event is sponsored by LiveOne brands such as Birthday Sex Naked Chardonnay, Smyle Coffee, and E11even Vodka.

LiveOne (NASDAQ: LVO), a music, entertainment, and technology platform, has reported significant growth in its membership metrics for July 2024 and fiscal year 2025. Total memberships have surpassed 3.9 million, marking a 23% year-over-year increase. Notably, Tesla membership saw a 26% year-over-year growth. The company added over 225,000 new paid members in fiscal year 2025, with 64,000 joining in July 2024 alone.

LiveOne's B2B pipeline has expanded to 63 potential partnerships, including four signed agreements awaiting launch announcements. Brad Konkol, Head of Slacker Radio, expressed enthusiasm about the company's strategic vision and commitment to building strong B2B partnerships with customizable product offerings.