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), 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.
LiveOne (Nasdaq: LVO), a creator-first music, entertainment, and technology platform, has announced it will release its Q1 FY 2025 financial results on August 13, 2024. The company will host an investor webcast and conference call at 10:00 am ET / 7:00 am PT on the same day to discuss the results and provide a business update. Participants can register for the call or join via webcast, with replay options available until September 11, 2024. LiveOne, headquartered in Los Angeles, operates subsidiaries including Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, and others, offering services across various platforms and devices.
Kartoon Studios has partnered with LiveOne, Inc. to produce, publish, and distribute original music for the upcoming Winnie-The-Pooh megabrand, set to premiere on Kartoon Channel on Amazon Prime Video in 2025. This collaboration is expected to drive significant revenue, building on the franchise's historical success of $80 billion in retail sales and millions in music royalties.
The partnership includes the production of music for Kartoon Studios' 'Winnie-the-Pooh' animated feature, holiday specials, and a 104-episode series. The first movie, 'A Hundred Acre Christmas,' is scheduled to premiere on December 24, 2025, coinciding with the 100th anniversary of A.A. Milne's original publication. LiveOne will leverage its technology and platform to enhance user engagement and interaction with the content.
LiveOne (Nasdaq: LVO) has announced preliminary record-breaking financial results for Q1 FY2025. The company expects revenue of $33.1M, up 20% from Q1 FY2024, and Adjusted EBITDA of $2.9M, a 31% increase. LiveOne projects positive cash flow of $17.5M from its core operating business for FY2025.
The company achieved annualized cost savings of approximately $5M for Q1 FY2025 and ended the quarter with a cash position exceeding $10M. Additionally, LiveOne has expanded its share repurchase program from $10M to $12M, demonstrating confidence in its financial outlook.
LiveOne (Nasdaq: LVO) has reported record-breaking financial results for Q1 FY2025, ending June 30, 2024. The company achieved $33.1M in revenue, a 20% increase from Q1 FY24, and $2.9M in Adjusted EBITDA, up 31% over the same period. LiveOne projects positive cash flow of $17.5M from its core operating business for Q1 2025.
The company realized cost savings of approximately $5M for Q1 and ended the quarter with a cash position exceeding $10M. Additionally, LiveOne has expanded its share repurchase program from $10M to $12M, demonstrating confidence in its financial strength and future prospects.
CEO Robert Ellin attributes these results to strong revenue growth and effective cost-saving initiatives. As a creator-first music, entertainment, and technology platform, LiveOne continues to focus on delivering premium experiences and content worldwide through various subsidiaries and services.
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?
