Liveone Inc Stock Price, News & Analysis

LiveOne (NASDAQ: LVO) announced on April 3, 2023, it has regained compliance with Nasdaq's minimum bid price requirement (Rule 5550(a)(2)), as its stock has consistently closed above $1.00 per share. This matter is now closed according to the Nasdaq Listing Qualifications Department. The company, headquartered in Los Angeles, operates a creator-first music and entertainment platform and reported approximately 2.85 million members across paid and free tiers. It has several subsidiaries, including Slacker Radio and PodcastOne, and engages in live and virtual events, having streamed over 2,900 artists and maintaining a robust content library.

LiveOne (Nasdaq: LVO) announced the appointment of Anshay Saboo as Head of Product for Drumify, their subsidiary. Saboo, creator of the popular app Instafest, has driven over 20 million downloads since December 2022. Recently, LiveOne acquired a majority interest in Splitmind, enhancing its portfolio with Grammy-winning producers. Under Saboo's leadership, the Splitmind platform aims to introduce innovative features for users. LiveOne continues to strengthen its commitment to delivering advanced technology and premium experiences in the music industry, further expanding its reach and engagement.

LiveOne (NASDAQ: LVO) has resumed its stock repurchase program, purchasing 245,414 shares since March 16, 2023, totaling over 2.2 million shares repurchased since April 1, 2022. The company claims its stock is undervalued, with a plan to repurchase an additional $1.7 million worth of shares. LiveOne, known for its creator-first music and entertainment platform, boasts a membership base of approximately 2.85 million users and various subsidiaries, including Slacker Radio and PodcastOne. The company's revenue performance is impacted by a contractual dispute affecting certain paid members.

LiveOne (NASDAQ: LVO) announced the launch of a new podcast, When Reality Hits, hosted by reality stars Jax Taylor and Brittany Cartwright, set to debut on March 28, 2023. The podcast will delve into their lives post-reality television, discussing topics like parenthood and relationships. This addition aims to enhance PodcastOne's diverse portfolio, which boasts 2.48 billion downloads annually and a roster of popular shows. The initiative reflects LiveOne's commitment to growing audiences and improving engagement across streaming platforms.

LiveOne (Nasdaq: LVO) reports significant growth with an increase of 136,000 paid subscribers since January 1, 2023, marking a 40% year-over-year rise and surpassing 2 million total members. The company has a robust cash position of $10 million and $27 million in short-term assets, supporting its growth strategies. LiveOne has initiated a $2 million stock buyback and announced an extension of the record date for a special dividend related to its PodcastOne spin-out, expected to commence in April.

LiveOne (NASDAQ: LVO) has announced that its music and pop-culture news show, LiveZone Daily, has joined Snapchat as a Discover Partner, targeting its 363 million daily active users. The show has recently gained 20 million views and 1.5 million engagements on TikTok in just 60 days, showcasing its rapid growth. Since its launch in 2018, LiveZone has amassed over 117 million views and garnered significant attention through exclusive interviews with top artists. LiveOne indicated excitement over expanding its reach through Snapchat, aiming to attract a younger audience seeking entertainment news.

LiveOne (NASDAQ: LVO) announced a partnership with Seekr, an AI-driven content scoring platform, to enhance brand suitability for advertisers on PodcastOne. This collaboration aims to leverage Seekr's machine learning technology, which uses natural language processing to evaluate content for safety and reliability, providing advertisers with confidence in their ad placements. PodcastOne boasts nearly 2.5 billion downloads, and this partnership is expected to solidify its market position as a leader in innovative audio advertising solutions. The integration of Seekr’s technology will also allow real-time content evaluation for existing podcast business partners.

LiveOne (Nasdaq: LVO) announced significant growth in its paid memberships, surging by over 587,000 in the last year and 100,000 in just two months in 2023, reaching a record total of 2.85 million members. The company attributes this expansion to partnerships with brands like Tesla, which includes a membership to LiveOne's Slacker Radio with new EV purchases. LiveOne also reported 2.3 billion podcast downloads annually and over 14 million unique monthly listeners. However, they currently do not recognize revenue from members involved in a contractual dispute. CEO Rob Ellin emphasizes the strategy of forming further partnerships to enhance content delivery.

LiveOne (NASDAQ: LVO), a leading music and entertainment platform, will participate in the 35th Annual Roth Conference on March 13-14, 2023, at The Ritz Carlton, Laguna Niguel, California. CEO Robert Ellin will hold one-on-one investor meetings throughout the event. LiveOne specializes in creator-first content delivery and has subsidiaries like Slacker Radio and PodcastOne, achieving over 2.3 billion downloads annually and a membership base of approximately 2.8 million. The company was recognized with awards for excellence in live events and its innovative partnerships, including offering memberships with new Tesla EVs.