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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 Milestone Revenues

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LiveOne, Inc. (LVO) reported impressive financial results for Q3 FY 2024, with over $31M in revenue and a year-to-date total of $87M. The Audio Division achieved a record $80M in revenue for the first 9 months, marking a 25% year-over-year increase. Additionally, the Q3 revenue for the Audio Division reached over $27M. LiveOne also expanded its partnership with Telsa to include the Truck Division. The company currently holds approximately $11M in cash and $28M in short-term assets. However, it's important to note that these financial results are preliminary and unaudited, subject to potential adjustments and uncertainties.
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LiveOne (Nasdaq: LVO) Provides Update for Its $10M Stock Repurchase Program

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LiveOne (Nasdaq: LVO) provides updates for its ongoing $10M stock repurchase program, with $6M remaining for discretionary repurchase of LVO and/or PodcastOne shares. The company has repurchased over 3.4M LVO shares since the inception of the program, with 1.1M shares repurchased in FY 2024 and 178K shares repurchased since Dec 1, 2023. LiveOne plans to immediately retire all repurchased shares, and the timing, price, and actual number of shares repurchased will be at the discretion of the company's management.
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LiveOne (Nasdaq: LVO) Achieves Milestone Growth for First 9 Months of FY 2024 With a 27% Year-Over-Year Increase in Paid Membership Revenue

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LiveOne (LVO) adds 63K+ new paid memberships in December with ARPU of $3.10+, surpasses 3.5M total memberships, and expects record new paid membership growth to exceed 1M in calendar year 2024.
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LiveOne (Nasdaq: LVO) Issues Fiscal 2025 Revenue Guidance of $140 - $155M with $16 - $20M of Adjusted EBITDA*

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LiveOne (Nasdaq: LVO) forecasts its audio division, consisting of Slacker Radio and PodcastOne (Nasdaq: PODC), to combine for $130 - $140M of revenues with $20 - $25M EBITDA and over $17M of positive cash flow. The company anticipates adding over 1M subscribers and onboarding 20+ new podcasters. LiveOne also expands its stock repurchase program to $10M and is currently finalizing the restructuring of the merchandise business, slashing 75-100 staff, expected to result in $5 - $10m cost savings.
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LiveOne (Nasdaq: LVO) Signs Strategic B2B Partnership With Fortune 500 Media Conglomerate; Partnership Delivers Minimum $20 Million Revenues for Calendar 2024

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LiveOne (Nasdaq: LVO) raises revenue guidance for Fiscal 2024 to $118M - $120M and increases current pipeline to over 35 potential B2B partnerships across 8 verticals.
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LiveOne Plans to Cut an Additional 25% of Staff by Year-End With a Continued Focus on Utilizing AI

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LiveOne (Nasdaq: LVO) implements additional cost and expense reductions, aiming to increase total savings to over $40 million. CEO Robert Ellin emphasizes focus on profitability and cash generation.
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LiveOne (Nasdaq: LVO) Year-Over-Year New Paid Memberships Increased by 635K+, a 38% Increase

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LiveOne (LVO) added 57,000 new paid members in November with an average revenue per user (ARPU) of $3.10+, bringing the total membership to 3.4M+, marking a year-over-year increase of 30%.
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LiveOne (Nasdaq: LVO) Music Publishing Subsidiaries Splitmind and Drumify Increase Revenues 300% in 2023

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LiveOne (Nasdaq: LVO) reports record-breaking success for its majority-owned music publishing subsidiary, Splitmind, and its majority-owned subsidiary operating an online marketplace for sounds, Drumify. The company achieved 3 Grammy nominations with artists like Lecrae and Coco Jones, surpassed 3 billion streams globally, and released music from major artists like Drake, Bad Bunny, and Chris Brown.
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PodcastOne's The Dr. Gundry Podcast, Hosted by Dr. Steven Gundry, Celebrates 15 Million Lifetime Downloads

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PodcastOne - The Dr. Gundry Podcast Celebrates 15 Million Lifetime Downloads, Offering Science-Based Knowledge for Health Restoration and Longevity. Hosted by Dr. Steven Gundry, the podcast features engaging conversations with health experts and has achieved impressive rankings on Apple. New episodes air twice a week, covering topics like inflammatory foods, microbiome nourishment, and longevity.
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LiveOne Reports Q2 Fiscal Year 2024 Revenue of $28.5M and Adjusted EBITDA* of $2.8M

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LiveOne (Nasdaq: LVO) reported a revenue of $56.3M and Adjusted EBITDA* of $5M for the first six months of fiscal 2024, raising Audio Division Revenue Guidance to $105M - $110M and Adjusted EBITDA* of $18.5M to $21M. The company also shared highlights such as 2.4 million paid members as of September 30, 2023, and plans to explore strategic alternatives to enhance shareholder value.
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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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2.47%
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