LiveOne (Nasdaq: LVO) Presenting Critical Milestone Subscriber Update Today at Trump Mar-a-Lago
Rhea-AI Summary
LiveOne (LVO) announced significant business updates and an upcoming investor presentation at Mar-a-Lago on April 17th, 2025. The company reported total subscribers exceeding 1.5 million and ad-supported users growing by over 800,000 since January 31, 2025.
Recent B2B partnerships with Amazon, Dax, a Fortune 250 Streaming Company, and TextNow have generated more than $2 million in revenues since April 1, 2025. The company has raised its revenue expectations to over $50 million this year, with 75+ potential partnerships in the pipeline.
Positive
- Subscriber base exceeded 1.5M with 800k+ new ad-supported users since Jan 2025
- B2B partnerships generated $2M+ revenue in just 17 days
- Increased revenue expectations to $50M+ for the year
- Strong partnership pipeline with 75+ potential deals
Negative
- None.
News Market Reaction
On the day this news was published, LVO declined 2.25%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
- Total Subscribers exceed 1.5M and ad-supported users +800k since Jan. 31, 2025
- Latest B2B Partnerships generated over
$2M revenues since April 1, 2025, increasing expectations to$50M + this year - Partnerships include Amazon, Dax, a Fortune 250 Steaming Company, and TextNow, with over 75 potential Partnerships in the pipeline
- Robert Ellin, Chairman and CEO of LiveOne to provide a business update at Trump Mar-a-Lago on Thursday, April 17th
LOS ANGELES, April 17, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today Robert Ellin, Chairman and CEO, will present to investors on Thursday, April 17th, 2025 at Trump Mar-a-Lago. In addition, the company provided certain business updates.
Robert Ellin, Chairman and CEO of LiveOne commented, "We are beyond thrilled to be back at President Trump’s Mar-a-Lago, a place synonymous with excellence, innovation, and incredible opportunities. Hosting this exclusive investor meeting here is a true privilege. I’m excited to see familiar faces, meet new investors, and discuss our vision for the future."
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.
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FAQ
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