Liveone Inc - LVO STOCK NEWS

LiveOne (Nasdaq: LVO), a leading music, entertainment, and technology platform, will host a special investor webcast on Wednesday, June 5, 2024, at 10:00 AM ET / 7:00 AM PT. The webcast will update on strategic partnerships, B2B pipeline, and the market size for its subsidiaries. Senior management will present the business update, accessible via the Investor Relations section of LiveOne's website. LiveOne's subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind. The company is notable for its premium content and experiences delivered through memberships, live, and virtual events.

The Dr. Gundry Podcast, hosted by renowned cardiothoracic surgeon Steven R. Gundry, M.D., celebrates its 300th episode. The podcast, managed by PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), offers health insights based on scientific research. It features interviews with health experts and stories of individuals who have transformed their health following Dr. Gundry's lectin-free diet.

To commemorate the milestone, the special episode features four guests who have experienced significant health improvements. Listeners can also enjoy a 20% discount on their first purchase from Gundry MD using a special promo code, valid until December 31, 2024.

LiveOne (Nasdaq: LVO) announced a strategic price raise of $0.50-$1 for select membership offerings, marking the first change in a decade. The move aims to fuel growth initiatives, innovate the audio experience, and solidify LiveOne's position as a leader in audio and entertainment. With over 3.7 million members, LiveOne plans to capitalize on the projected music streaming market growth to over $100 billion by 2030.

LiveOne (NASDAQ: LVO) partners with Bare Knuckle Fighting Championship to expand its sports lineup with the 'KnuckleMania IV' event. The company continues to dominate live streaming with impressive milestones, reaching millions of viewers and engaging fans across 220 countries. The partnership aims to boost revenue streams and enhance the sports content offerings on LiveOne's platform.

LiveOne (Nasdaq: LVO) anticipates record Q4 and FY24 results with expected revenue of $118.5M and $30.3M respectively. The company aims to complete CPS restructuring, maintain FY25 guidance of $140M-$155M revenue, and repurchased ~4M shares. LiveOne's CEO highlights strong revenue growth, subscription surge, and strategic partnerships.

LiveOne (Nasdaq: LVO) has announced certain record results for Q4 and FY24, with expected revenue of $118.5M and $30.3M respectively. The company anticipates completing CPS restructuring in FY25 for additional EBITDA. LiveOne maintains guidance for FY25 revenue of $140M-$155M and Adjusted EBITDA of $16M-$20M. The Audio Division is expected to generate revenue of $130M-$140M, EBITDA of $20M-$25M, and positive cash flow of $17M+. LiveOne has repurchased ~4M shares, with $5M remaining for further repurchases. The company has a current cash position of $10.6M. LiveOne's CEO highlighted strong revenue growth, conversion of debt to equity, and a recent $20M+ B2B partnership, aiming for 30%+ revenue growth. The company remains focused on share buybacks and delivering value to shareholders.

LiveOne's subsidiary, Slacker Radio, achieves record high country music usage, leading to a 300% revenue increase and an 800% rise in female country artists' share across radio programming. Management projects Slacker Radio to reach $85M revenue and $20M adjusted EBITA for FY2025, marking a significant growth since its acquisition in 2018. Country music now represents a $4B industry, accounting for 14% of the music market.

LiveOne announces the conversion of $2.0M of annual cash dividends and $5M of redeemable mezzanine equity, broadening institutional ownership to ~35%. The company is currently eligible to join the Russell 2000 in May 2024. LiveOne acquired an additional 159,000 PODC shares at $3 per share in March 2024.

Drumify, a subsidiary of LiveOne (NASDAQ: LVO), has launched its subscription model, Drumify 3.0, aiming to convert ~70% of its customer base into recurring subscribers. The platform offers tiered subscriptions to democratize access to professional music production tools and educate creatives on copyright ownership and wealth building.