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LiveOne, Inc. - LVO STOCK NEWS

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

News

LiveOne (Nasdaq: LVO) Announces First Time Slacker Radio Guidance of $80M in Revenue and $20M in Adjusted EBITDA for Fiscal Year 2025, Beginning April 1st, 2024

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Slacker Radio, owned by LiveOne (Nasdaq: LVO), sees significant growth with over 3.6 million memberships, a revenue increase of 225% to $65 million, and an adjusted EBITDA turnaround from a $10 million loss to a projected $15 million profit in Fiscal Year 2024.
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LiveOne (Nasdaq: LVO) Reports Over $11 Million in Current Cash Position After Repurchasing Approximately 1.3 Million Shares During Fiscal Year 2024

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LiveOne (LVO) announces $5.75M remaining for repurchase of its shares, expects $2.5 - $5M cost savings, and expands Celebrity Brands Platform using AI.
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LiveOne (Nasdaq: LVO) Reports Q3 Fiscal Year 2024 Record Revenue of $31.2M and Adjusted EBITDA* of $3.3M, Memberships Increased 687K (+36% YoY)

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LiveOne (Nasdaq: LVO) reported record revenue of $87.5M and adjusted EBITDA of $8.2M for the first 9 months of FY 2024. The audio division, consisting of Slacker Radio and PodcastOne, reported record revenue of $79.9M and adjusted EBITDA of $13M for the same period. The company is maintaining guidance for FY 2025 with consolidated revenue of $140M - $155M and adjusted EBITDA of $16M - $20M, as well as the audio division revenue of $130M - $140M and adjusted EBITDA of $20M - $25M. LiveOne's paid members increased by 36% as of December 31, 2023, and PodcastOne was ranked 10th in Podtrac’s Podcast Industry Top Publishers Rankings for January 2024. The company is also exploring strategic alternatives to enhance shareholder value, including a strategic acquisition, divestiture, merger, sale, or other form of business combination. However, the company reported a net loss of $10.7M for the first 9 months of FY 2024, and the Q3 Fiscal 2024 operating loss was $0.8M, primarily due to an increase in operating expenses associated with share-based compensation.
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LiveOne (Nasdaq: LVO) Appoints Aaron Sullivan as CFO

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LiveOne (Nasdaq: LVO) has appointed Aaron Sullivan as CFO, who previously served as Vice President, Corporate Controller, and as LiveOne's Interim Chief Financial Officer. The Chairman and CEO, Robert Ellin, praised Sullivan's performance and leadership, highlighting his contributions to the company's financial and operational management.
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LiveOne (NASDAQ: LVO) Subsidiary Splitmind Wins Grammy

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LiveOne (Nasdaq: LVO) subsidiary Splitmind, a music collective, won a 2024 Grammy Award for producing Church Clothes 4 by Lecrae. Splitmind has over 2B streams across 100+ major label releases and increased revenues by 300% in 2023.
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LiveOne (Nasdaq: LVO) to Announce Third Quarter Fiscal 2024 Financial Results and Host Investor Webcast on February 8, 2024

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LiveOne (Nasdaq: LVO) will announce its operating and financial results for its third quarter on February 8, 2024. The senior management will host a live conference call and webcast to discuss the results and provide a business update. The webcast can be accessed on LiveOne's website and will be available for replay.
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LiveOne (Nasdaq: LVO) Announces 241st Edition of LiveOne Presents Celebrating Three Grammy Nominations

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LiveOne (Nasdaq: LVO) announces the streaming of its 241st edition of LiveOne Presents featuring music industry rising stars during Grammy Awards weekend. The event celebrates LiveOne subsidiary Splitmind’s three Grammy nominations this year. Splitmind is known for producing beats and sounds for major artists such as Drake, Chris Brown, Kodak Black, NBA Youngboy, and DaBaby. The LiveZone red carpet will be hosted by Slacker Radio’s Chelsea Briggs, Racquel Goldy, and Raymond T, and will feature an exclusive performance by Def Jam artist Chase Shakur and interviews with Jeremih, Z3LLA, thuy, Afgan, Caity Baser, AR/CO, MARIS, and Valè, among others. LiveOne has streamed over 3k artists to 200+ million viewers, with 5 billion engagements. Music fans across 220 countries can watch on Sunday, February 4 at 5:00 PM ET / 2:00 PM PT on LiveOne.com.
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LiveOne’s (Nasdaq: LVO) Slacker Radio Partners With Legible Inc. Giving Access to Millions of Audiobooks and Ebooks for Its Members, Including Audiobook Previews for 1.5M+ Tesla Drivers

Rhea-AI Summary
LiveOne announces access to a vast library of music, podcasts, radio stations, and audiobooks for its members. The global audiobook market is currently valued at over $5 billion and projected to grow to $42 billion by 2031.
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LiveOne (Nasdaq: LVO) Launches “Splitmind Radio” Exclusively on Slacker Radio

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Splitmind Music Collective, a Grammy-nominated group, has amassed over 2 billion streams from 100+ major label releases. Their radio features original sounds and AI-curated samples from a catalog of 100,000 unique works. LiveOne's subsidiaries, Splitmind and Drumify, saw a 300% increase in revenue in 2023.
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LiveOne’s Subsidiary LiveOne Brands’ Birthday Sex Wine Sells Out in First Week of Pre-Sale

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LiveOne, Inc. (NASDAQ: LVO) announces the launch of Birthday Sex Wine, a collaboration with Grammy-nominated artist Jeremih and winemaker Russell Bevan. The exclusive pre-sale sold out, with additional inventory expected soon. The wine is a Naked Chardonnay from premier vineyards in the Columbia Valley, offering vibrant fruit flavors and subtle oak nuances.
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FAQ

What is the current stock price of LiveOne (LVO)?

The current stock price of LiveOne (LVO) is $0.8777 as of November 22, 2024.

What is the market cap of LiveOne (LVO)?

The market cap of LiveOne (LVO) is approximately 83.9M.

What is LiveOne, Inc.?

LiveOne, Inc. (NASDAQ: LVO) is a creator-first music, entertainment, and technology platform that delivers live music streaming and premium content.

What are the core services of LiveOne?

LiveOne offers live streamed concerts, on-demand music videos, artist exclusives, original shows, and curated radio stations through subsidiaries like Slacker Radio and PodcastOne.

How does LiveOne generate revenue?

LiveOne generates revenue mainly through its Audio segment, B2B partnerships, subscriptions, and advertising on its platforms.

What are some key partnerships of LiveOne?

LiveOne has strategic partnerships with companies like Tesla and Bare Knuckle Fighting Championship (BKFC) to provide live streaming and premium content services.

Where is LiveOne headquartered?

LiveOne is headquartered in Los Angeles, California.

What is the financial outlook for LiveOne?

LiveOne projects strong growth with expected revenues of $140M-$155M and Adjusted EBITDA of $16M-$20M for FY2025.

Which platforms is LiveOne available on?

LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications.

What recent achievements has LiveOne made?

LiveOne has seen total Tesla members grow by 33% year over year, launched Drumify 3.0, and secured major B2B partnerships.

How is LiveOne expanding its market presence?

LiveOne is expanding through strategic partnerships, increasing subscriptions, and diversifying its content offerings, including live and virtual events.

What awards has LiveOne received?

LiveOne has garnered multiple accolades, including the Best Live Moment award by Digiday for the 'Social Gloves' PPV Event.

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LiveOne, Inc.

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83.88M
73.16M
21.69%
27.31%
2.47%
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