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) plans to release its financial results for Q2 fiscal 2022 on October 28, 2021, after market close. The senior management team will host a conference call at 4:30 PM ET to discuss business updates and financial performance. LiveOne enhances its revenue guidance for fiscal 2022, citing strong performance in core business areas. The company focuses on engaging superfans through a talent-centric platform featuring livestreams, podcasts, and multiple monetization strategies.
LiveOne (Nasdaq: LVO) announced that its CEO, Robert Ellin, participated as a panelist at the J.P. Morgan Third Annual Media and Communications Industry Panel Forum held on October 17-18, 2021. LiveOne, known for its innovative platform for livestream and on-demand content in music, comedy, and pop culture, has set a strong revenue outlook for its 2022 fiscal year. The company has streamed over 1,800 artists and offers a library of nearly 30 million songs and 235 podcasts. LiveOne's business model includes multiple revenue streams like subscriptions and merchandise.
LiveOne (NASDAQ: LVO) has secured a high seven-figure renewal deal with podcaster Jordan Harbinger, ensuring the continued success of The Jordan Harbinger Show on its platform. This show, which launched in 2018, boasts nearly 11 million downloads monthly and over 300 million total downloads. Recognized as a leading podcast, it features prominent guests from various fields. This renewed partnership is expected to drive further growth for LiveOne’s PodcastOne network, enhancing its content portfolio and audience engagement.
LiveOne (NASDAQ: LVO) has completed the acquisition of Gramophone Media, Inc., a New York City-based artist and brand development company. This acquisition will operate as a wholly-owned subsidiary and is expected to enhance LiveOne's earnings and strengthen its balance sheet. Gramophone specializes in representing emerging artists and provides strategic marketing and PR services. The deal is anticipated to expand LiveOne's business model by providing a comprehensive solution for artists, enhancing exposure through LiveOne's platforms.
LiveOne (NASDAQ: LVO) will exclusively stream the 2021 iHeartRadio Fiesta Latina on October 16, 2021, featuring performances from artists like Wisin & Yandel, Luis Fonsi, and J Balvin. Hosted by Enrique Santos, the event will honor Luis Fonsi with the iHeartRadio Corazón Latino Award for his contributions to the Latin community. Celebrity presenters include Carlos Ponce and Aleyda Ortiz. Tickets are available through Ticketmaster, and the event will also be broadcasted on iHeartRadio's Spanish stations.
PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), has expanded its True Crime podcast offerings by adding True Crime All the Time Unsolved and This is MONSTERS. The shows, now available on major platforms, will be produced and marketed by PodcastOne. True Crime All the Time Unsolved explores unsolved crimes with detailed narratives, while This is MONSTERS highlights the darkest figures in criminal history. PodcastOne aims to leverage its expertise to grow podcast downloads and advertising revenue significantly.
LiveOne (Nasdaq: LVO) will be presenting at the LD Micro Main Event on October 12, 2021, at 1:00 PM PT in Los Angeles, CA. The company, a leading platform in livestream and on-demand audio, video, and podcast content, aims to showcase its offerings. This presentation will be led by Chairman & CEO Robert Ellin and will be available via a live audio webcast. LiveOne has streamed over 1,800 artists and boasts nearly 30 million songs in its library, underlining its position as a major player in the entertainment and media sector.
iHeartMedia has announced the lineup for the fifth annual iHeartRadio ALTer EGO event, set for January 15, 2022, at the Forum in Los Angeles. Major artists including Coldplay, Imagine Dragons, and Kings of Leon will perform live. The event will be exclusively streamed worldwide by LiveOne's subsidiary, LiveXLive. A pre-sale for Capital One cardholders starts on October 18, while general tickets go on sale on October 22. The event aims to celebrate alternative rock music and engage fans through various promotional opportunities.
LiveOne (NASDAQ: LVO) announces the #LightUpMBC campaign on October 13, 2021, to raise awareness and funding for metastatic breast cancer (MBC) research. Over 225 landmarks across the U.S., Canada, Sweden, and Ireland will be illuminated in awareness colors. The event will feature a livestreamed benefit concert with renowned artists, including Rob Thomas and Kristin Chenoweth, aimed at supporting MBC research. LiveOne emphasizes the critical need for funding in this area, with 100% of donations directed towards stage IV MBC research by METAvivor, who organizes the initiative.
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