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) has awarded the inaugural Rookie of the Year to global pop star Noa Kirel, recognizing her significant rise in the music industry. Kirel's social media reach exceeds 2 million, and she has partnered with Atlantic Records since mid-2020. The award will feature an exclusive NFT along with promotional activities on LiveOne's platform. The company aims to expand its talent-centric model, which includes a extensive user base of over 2.23 million members and diverse monetization strategies.
LiveOne (NASDAQ: LVO) reported a record total membership of 2.23 million as of April 1, 2022, including 1.48 million paid members. The company added over 52,000 new paid members in March 2022, driven by various initiatives. For FY 2022, LiveOne anticipates revenue of at least $112 million, a 72% increase from FY 2021's $65.2 million. The firm confirmed its guidance for positive Adjusted EBITDA in Q1 FY 2023 and highlighted substantial growth across social media engagement and podcast downloads.
LiveOne (NASDAQ: LVO) announced its partnership with Go Digital to launch GamifyOne, a live social music gaming platform set to launch this quarter. This innovative platform will gamify music stock trading, crypto trading, and NFTs, offering LiveOne members exclusive discounts, prizes, and virtual meet-and-greets. The collaboration aims to enhance LiveOne's NFT offerings through the joint venture with Polygon and Cere Network. With a membership base exceeding 2.1 million and a library of 30 million songs, LiveOne continues to expand its digital footprint.
LiveOne (NASDAQ: LVO) announced the 75th installment of its LiveOne Presents: Rooftop Series, a pre-Grammys event in Las Vegas on April 1, 2022, sponsored by Meow Mix. The live performance will feature artists like Christian French, Lily Kincade, and Kevin Woo. Attendees will receive LiveOne memberships, offering exclusive access to over 30 million songs and NFT perks. Meow Mix will donate $40,000 to IFAW for animal aid in Ukraine. The event will stream globally on LiveOne’s platform and social media, celebrating emerging talent and music culture.
PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), has partnered with Adori Labs to become the first podcast network to integrate visual elements into their podcasts on YouTube. This collaboration aims to enhance listener engagement by adding features such as contextual visuals, polls, and AR experiences. The technology is expected to drive additional revenue and increase audience discoverability. Key shows like The Steve Austin Show and Melissa Gorga On Display will benefit from this integration, with more content rolling out soon.
LiveOne (Nasdaq: LVO), a music and entertainment technology platform, announced its CEO Robert Ellin's presentation at the 2022 Virtual Growth Conference by Maxim Group LLC, scheduled for March 28-30, 2022. The presentation will be available through an investor webcast starting March 28. LiveOne boasts a membership base of over 2.1 million and a vast content library, including 30 million songs and nearly 270 podcasts. Investors can also request one-on-one meetings with management during the event.
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?
