Liveone Inc Stock Price, News & Analysis

LiveOne (NASDAQ: LVO) announces the launch of a new podcast titled Turtle Time with Ramona and Avery, debuting on April 26, 2023. The podcast features reality star Ramona Singer and her daughter Avery, targeting lifestyle topics and personal anecdotes, aiming to attract and engage a diverse audience.

With a combined social following exceeding 1.5 million, the show is expected to enhance PodcastOne’s portfolio of popular programs. Kit Gray, President of PodcastOne, expressed excitement about the duo's relationship and the potential appeal to advertisers. Ramona, known from Real Housewives of New York, brings her substantial business expertise, having launched various successful ventures, while Avery, an economics graduate, is building her own business in event curation.

LiveOne, Inc. (Nasdaq: LVO), a leading music and entertainment platform, will engage with investors at two upcoming conferences. The first event is the Ladenburg Thalmann Tech Expo 2023 on April 27, 2023, at 4:00 PM ET in New York City, featuring a webcast available online. The second is the Taglich Brothers Annual Investment Conference on May 1, 2023, at 9:45 AM ET, also in New York City, with a dedicated webcast. LiveOne boasts a paid and ad-supported membership base of approximately 2.85 million and has partnerships with Tesla for the inclusion of Slacker Radio. The company's extensive offerings include music streaming, podcasts, and virtual events. For more information, visit liveone.com.

LiveOne (LVO) has announced its revenue guidance for FY 2024, estimating $95 to $105 million, with an Adjusted EBITDA of $18 to $21 million. The company expects its Audio Division to generate $12 million in cash flow before settling aged payables. It anticipates a total member base of 3.75 million, including 2.8 million paid members, marking a 40% increase. Currently, LiveOne holds a cash position of $9 million and $28 million in short-term assets. CEO Robert Ellin stated that the previous fiscal year was a significant turning point, expecting an improvement of approximately $25 million in Adjusted EBITDA compared to FY 2022. However, the provided financial results remain preliminary and unaudited, subject to adjustments due to various risks and uncertainties.

LiveOne, Inc. (NASDAQ: LVO), a leading music and entertainment platform, will host a virtual investor business briefing on April 20, 2023, at 10:30 AM ET. The briefing will address the company's recent achievements, including surpassing two million premium members and significant partnerships, particularly with electric vehicle manufacturers. CEO Robert Ellin will highlight expectations for 2023 and discuss the upcoming PodcastOne Spinout. The company boasts over 2.85 million members, more than 2.3 billion podcast downloads annually, and a range of media offerings. The briefing will be available live and archived for later viewing.

LiveOne (NASDAQ: LVO) has acquired the network distribution and advertising sales rights for two popular podcasts: I’ve Had It and Causing a Scene with Sara and Natalie. I’ve Had It, since its launch in October 2022, has gained significant traction, achieving over 28.7 million views on Twitter and ranking highly on Apple Podcasts. Hosted by Jennifer Welch and Angie Sullivan, it features candid discussions and celebrity guests. Causing a Scene, hosted by Sara Gretzky and Natalie Buck, explores current television trends. This acquisition adds to PodcastOne's female-focused programming and underscores its commitment to enhancing advertising opportunities in the podcast space, where female listeners are notably influential. The deal aims to leverage PodcastOne’s extensive reach and advertising capabilities.

PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), has reported impressive growth metrics for March 2023. The platform achieved 32.7 million downloads, reflecting a significant 67% increase month-over-month, along with a 51% rise in unique audience reach compared to February. This performance placed PodcastOne at #11 among the top podcast publishers, surpassing competitors like CNN and Paramount.

President Kit Gray attributed this growth to the strong programming and effective marketing strategies. The performance is driven by popular shows including Off The Vine and The Jordan Harbinger Show. PodcastOne aims to continue expanding its audience and enhancing relationships with podcasters, leveraging the rapid growth of the podcasting industry.