LiveOne (NASDAQ: LVO) Exceeds 1.3M Subscribers and Ad-Supported Users, Including Tesla
Rhea-AI Summary
LiveOne (NASDAQ: LVO) has achieved a significant milestone by surpassing 1.3 million subscribers and ad-supported users, marking a substantial 130% increase since January 1, 2025. The music, entertainment, and technology platform is implementing multiple revenue-driving strategies, including:
- Deployment of a 12-person sales team
- Strategic partnership with DAX
- Integration of AI marketing capabilities
- Collaboration with Tesla
These initiatives are specifically designed to convert users into paid subscribers, strengthening LiveOne's market position in the digital entertainment space.
Positive
- 130% user growth in less than 3 months (Jan-Mar 2025)
- Reached 1.3M+ total subscribers and ad-supported users
- Strategic partnership with Tesla secured
- Established DAX partnership for revenue growth
Negative
- Unspecified ratio between paid subscribers vs ad-supported users
- No disclosed revenue impact from subscriber growth
News Market Reaction
On the day this news was published, LVO gained 13.34%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Unveils Multi-Tier Revenue Drivers Leveraging a 12-Person Sales Team, DAX Partnership, and AI Marketing and Tesla Partnership to Convert to Paid Subscribers.
LOS ANGELES, March 20, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today that it has surpassed 1.3 million subscribers and ad-supported users.
About LiveOne
Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter at @liveone. For more investor information, please visit ir.liveone.com.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; LiveOne’s ability to extend and/or refinance its indebtedness and/or repay its indebtedness when due; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, filed with SEC on February 14, 2025, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
LiveOne Press Contact:
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FAQ
How much has LiveOne (LVO) grown its subscriber base since January 2025?
What is LiveOne's (LVO) current total subscriber count in 2025?
What partnerships has LiveOne (LVO) announced to drive subscriber growth?
How is LiveOne (LVO) planning to convert users to paid subscribers?
