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) announced its participation in three upcoming investor events: the Q4 Investor Summit Conference on November 17, 2021, at 3:30 p.m. ET, the Ladenburg Thalmann Virtual Technology Expo on November 18, 2021, at 3:00 p.m. ET, and the Roth 10th Annual Tech Conference on November 17-18, 2021. The management will be available for 1x1 meetings and webcasts are available for registration. LiveOne, based in Los Angeles, is a global platform for audio, video, and podcast content, delivering premium music and entertainment services.
LiveOne (NASDAQ: LVO) announced a strategic partnership with Empire Media Group, Inc. (EMG) on Nov. 1, 2021, for an eight-figure, three-year deal. EMG will provide advertising and creative services to enhance the marketing of LiveOne’s brands while promoting EMG’s brands via LiveOne’s media channels. The collaboration aims to boost membership and engagement through events like the upcoming Music Lives: Ballerfest, starting Nov. 12, 2021, featuring a diverse lineup of artists. In October 2021, EMG achieved over 33 million users across its platforms.
LiveOne (Nasdaq: LVO) has announced the launch of a new membership offering set to commence in 2022. This membership will provide access to 30 million songs, numerous radio stations, exclusive livestreams, and podcasts. Members will enjoy benefits such as discounts on merchandise, access to virtual meet-and-greets, and integrated digital wallets. LiveOne aims to leverage data to enhance user experience and engage superfans. The company projects to reach 2 million eligible members by March 31, 2022, combining its existing user base and new members from recent events.
LiveOne (Nasdaq: LVO) is set to host a press conference today, November 4, 2021, at 4:15 PM ET, where CEO Robert Ellin will unveil a transformative business model for 2022. The company, focusing on on-demand audio and video content, anticipates raising its revenue guidance for the upcoming fiscal year, driven by strength in its core businesses. LiveOne's platform emphasizes multiple monetization avenues, including subscriptions and advertising. Media, existing shareholders, and analysts are invited to participate in the event.
LiveOne (NASDAQ: LVO) has announced its upcoming event, Music Lives: Ballerfest, set for November 12-14, 2021, in Miami. The hybrid festival features performances from top artists such as Mariah Angeliq, DaBaby, and several virtual performances including Wiz Khalifa. The event will be livestreamed on LiveXLive, accommodating both in-person and online audiences. Additionally, it partners with FIBA for the AmeriCup, adding a unique mix of music and sports. Proceeds will benefit MusiCares, underscoring LiveOne's commitment to the music community.
LiveOne (Nasdaq: LVO) has scheduled a press conference for November 4, 2021, at 4:15 PM ET to announce its evolving business model for 2022. CEO Robert Ellin will present key initiatives followed by a Q&A session. LiveOne operates a talent-centric platform focused on superfans, with various monetization paths including subscriptions and advertising. The company has raised its revenue guidance for the 2022 fiscal year due to strong performance in core businesses, highlighting its expansive content library and streaming capabilities.
LiveOne (Nasdaq: LVO) reported a strong revenue increase of 142% year-over-year, reaching $60.7 million for the six months ending September 30, 2021. Q2 revenue was $21.9 million, up from $14.6 million in Q2 2021. Despite these gains, the company faced operating losses of ($9.7 million) and a net loss of ($15.2 million). The number of paid subscribers rose to 1,256,000, with expectations of continued growth as live events return. LiveOne also plans to spin out its pay-per-view business by March 2022.
PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), has extended its partnership with REELZ to launch the true crime podcast Sex, Lies & Murder. The series aims to unveil shocking real-life crime stories and debuts on multiple platforms, including PodcastOne and Spotify, on October 27, 2021. This collaboration marks the fifth consecutive year of their partnership, continuing to provide high-demand content in the true crime genre. PodcastOne boasts over 2.38 billion downloads annually and works with notable personalities in the podcast industry.
LiveOne (NASDAQ: LVO) has teamed up with Big Machine Label Group for the 71st installment of its LiveXLive Presents: Rooftop Series. The event, featuring Carly Pearce performing her album 29: Written In Stone, takes place on November 2 at The Summit in Austin, Texas, and will be streamed globally. Pearce, whose album has received critical acclaim, will be joined by fellow artists Danielle Bradbery and Laci Kaye Booth. The partnership aims to enhance LiveOne's offerings as live music revives.
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