Liveone Inc - LVO STOCK NEWS

LiveOne (NASDAQ: LVO) to Stream Live Performance by Tabi and Panel Discussion Celebrating Women in Entertainment Industry

LiveOne, a Nasdaq-listed company, is set to release exclusive footage of Chase Shakur's private performance and interview. The subsidiary, Splitmind, produced content for Shakur's latest album. LiveOne has streamed over 3k artists to a massive audience of 200M+ viewers with over 5B engagements.

LiveOne (LVO) launches AI-powered Conversational Search and Discovery Tool in partnership with Source Audio, expanding its content library to over 10K pieces. The tool aims to boost productivity and revenue for artists and producers. Revenue surged by 350% YTD, with major label releases from popular artists like Drake, Bad Bunny, and Chris Brown.

LiveOne (LVO) reports a strong financial position with $11.5 million in cash, significant stock repurchases, and anticipates record Q4 revenues driven by various factors.

LiveOne (LVO) Founder and CEO to Present at 36th Annual ROTH Conference, Offering Investors Insightful Opportunities

LiveOne (LVO) to Participate in iAccess Alpha Buyside Best Ideas Spring Conference 2024

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.

LiveOne (LVO) announces $5.75M remaining for repurchase of its shares, expects $2.5 - $5M cost savings, and expands Celebrity Brands Platform using AI.

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.