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 (LVO) delivers premium live music experiences through innovative streaming and digital media solutions. This news hub provides investors and enthusiasts with timely updates on financial developments, technological advancements, and industry partnerships.
Access comprehensive coverage of earnings reports, strategic B2B collaborations, and content innovations across LiveOne's core segments including PodcastOne, Slacker Radio, and live event streaming. Our curated news collection simplifies tracking regulatory filings, executive insights, and platform expansions.
Key updates feature AI-driven content personalization milestones, exclusive artist partnerships, and cross-platform distribution deals. Bookmark this page for verified press releases and objective analysis tailored for both casual followers and professional analysts monitoring the evolving digital entertainment landscape.
LiveOne (NASDAQ: LVO) is partnering with METAvivor for the 6th annual #LightUpMBC Live event on October 13, 2024, to raise awareness and funds for metastatic breast cancer research. The event will be live-streamed from Hilton Short Hills, NJ, featuring musical performances and MBC patient stories. Over 270 landmarks across the US and globally will be lit in green, teal, and pink.
The event is hosted by Tami Eagle Bowling and co-hosted by Miranda McKeon, with performances by Lisa Loeb, David Cook, Rozzi, and others. LiveOne has reached impressive milestones in live streaming, including 200+ million viewers and 5 billion fan engagements across 220 countries. The company has streamed 3200 artists, including major names like Taylor Swift and Adele.
LiveOne (NASDAQ: LVO) has announced an amended partnership with Tesla, effective October 1, 2024. Key highlights include:
- Tesla replacing its streaming button with LiveOne's in perpetuity
- Launch of LiveOne 2.0, providing subscribers access to music on all devices
- 1.9 million subscribers can convert to Premium/Plus services
- Potential 3x increase in Average Revenue Per User (ARPU)
- Tesla to stop subsidizing LiveOne products for some customers from December 1, 2024
- LiveOne to offer discounted music packages to all Tesla customers
- Tesla to continue paying LiveOne monthly for grandfathered users in perpetuity
LiveOne has adjusted its FY2025 financial guidance to $120M-$135M in consolidated revenue and $8M-$15M in consolidated adjusted EBITDA. The company reaffirms its $12M buyback program and has officially retired 4.2M shares, reducing outstanding shares to ~94M.
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.
