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
Kartoon Studios has partnered with LiveOne, Inc. to produce, publish, and distribute original music for the upcoming Winnie-The-Pooh megabrand, set to premiere on Kartoon Channel on Amazon Prime Video in 2025. This collaboration is expected to drive significant revenue, building on the franchise's historical success of $80 billion in retail sales and millions in music royalties.
The partnership includes the production of music for Kartoon Studios' 'Winnie-the-Pooh' animated feature, holiday specials, and a 104-episode series. The first movie, 'A Hundred Acre Christmas,' is scheduled to premiere on December 24, 2025, coinciding with the 100th anniversary of A.A. Milne's original publication. LiveOne will leverage its technology and platform to enhance user engagement and interaction with the content.
LiveOne (Nasdaq: LVO) has announced preliminary record-breaking financial results for Q1 FY2025. The company expects revenue of $33.1M, up 20% from Q1 FY2024, and Adjusted EBITDA of $2.9M, a 31% increase. LiveOne projects positive cash flow of $17.5M from its core operating business for FY2025.
The company achieved annualized cost savings of approximately $5M for Q1 FY2025 and ended the quarter with a cash position exceeding $10M. Additionally, LiveOne has expanded its share repurchase program from $10M to $12M, demonstrating confidence in its financial outlook.
LiveOne (Nasdaq: LVO) has reported record-breaking financial results for Q1 FY2025, ending June 30, 2024. The company achieved $33.1M in revenue, a 20% increase from Q1 FY24, and $2.9M in Adjusted EBITDA, up 31% over the same period. LiveOne projects positive cash flow of $17.5M from its core operating business for Q1 2025.
The company realized cost savings of approximately $5M for Q1 and ended the quarter with a cash position exceeding $10M. Additionally, LiveOne has expanded its share repurchase program from $10M to $12M, demonstrating confidence in its financial strength and future prospects.
CEO Robert Ellin attributes these results to strong revenue growth and effective cost-saving initiatives. As a creator-first music, entertainment, and technology platform, LiveOne continues to focus on delivering premium experiences and content worldwide through various subsidiaries and services.
LiveOne (NASDAQ: LVO), a music, entertainment, and technology platform, has joined the Russell 2000 Index as of June 28. The company announced significant changes in its share structure, including an increase in institutional holdings by over 10.5 million shares and the retirement of 4.2 million open market shares, reducing the total outstanding shares to 94.7 million. Additionally, LiveOne registered 1.3 million warrants at $2.10, which represents a 50% premium, and expects to receive $2.73 million from its largest existing investor. The company also plans to buy back $5 million worth of LVO shares.
LiveOne (NASDAQ: LVO) has announced a partnership with Seekr, utilizing the Intel Developer Cloud to launch an AI-powered search platform for beats and sounds. This platform, aiming to be available by year's end, is designed to aid music creation and licensing, offering new revenue opportunities for creators in a multi-billion-dollar market. LiveOne also introduced a new subscription service for beats and sounds, gaining 100+ subscribers monthly at $19.99 each. This collaboration aligns with LiveOne's commitment to innovation and support for artists, leveraging Seekr’s AI technology to enhance their extensive content catalog.
LiveOne (Nasdaq: LVO), a prominent music, entertainment, and technology platform, has announced updates to its PodcastOne (Nasdaq: PODC) repurchasing program.
The company has acquired a total of 359,000 shares of PODC at an average price of $2.45. Specifically, LiveOne purchased 159,000 shares at $3 in March 2024 and 200,000 shares at $2 during the current quarter.
Additionally, LiveOne reiterated its commitment to purchasing $5 million worth of LVO and PODC shares.
LiveOne (NASDAQ: LVO) has announced its partnership as the streaming partner for “The Game of Legends,” a celebrity soccer event featuring Ronaldinho and Kaka, set to take place on June 16, 2024, at Toyota Arena in Ontario, CA.
The event will also feature halftime performances by multi-platinum rapper KYLE. LiveOne has achieved significant milestones, reaching over 200 million viewers and 5 billion fan engagements across 220 countries.
The company has a history of successful Pay-Per-View (PPV) events, including performances by major celebrities like Wiz Khalifa, Monsta X, Pitbull, and Floyd Mayweather boxing matches. LiveOne continues to dominate live streaming in the music and entertainment industry.
LiveOne (NASDAQ: LVO) announced that its total membership has exceeded 3.8 million, marking a 25% year-over-year growth. The Tesla membership, in particular, saw a significant increase, reaching 1.8 million members, a 32% rise from the previous year. The company expects to add over 1 million new members by the end of 2024.
LiveOne's B2B pipeline has also expanded, with more than 60 partnerships under discussion and four major multi-year agreements set to be announced soon. According to Brad Konkol, Head of Slacker Radio, the growth is driven by collaborative B2B partnerships and a focus on creating unique, customizable audio experiences for businesses and customers.
LiveOne (NASDAQ: LVO) has entered the $100 billion coffee market by acquiring Smyle Coffee in partnership with multi-platinum rapper-actor KYLE. Leveraging KYLE’s extensive fan base, including 4.5 million monthly Spotify listeners and 6+ million followers, the brand aims to intertwine music and coffee culture to create a unique product. Smyle Coffee, which prioritizes mental health awareness, will donate a portion of its proceeds to mental health charities. The coffee will be sold in 12 oz bags and will also feature a coffee truck in Southern California.
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.
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