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 music, entertainment, and technology platform that regularly issues news about its operations, partnerships, and capital markets activity. Headquartered in Los Angeles, California, the company describes itself as creator-first and focuses on premium content delivered through memberships, livestreams, digital media, and live and virtual events.
News about LiveOne often highlights developments across its subsidiaries, including Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. Coverage includes updates on audio streaming performance, podcast-related activity, and initiatives that connect artists, creators, and audiences through online and in-person experiences.
Investors and followers of LVO can expect frequent announcements on B2B partnerships with organizations in sectors such as carriers, retail, consumer electronics, entertainment, automotive, and hospitality. Recent press releases have discussed multi-year alliances, expanded advertising relationships, and a growing B2B pipeline with more than 100 partnerships, as well as contracted revenues from major deals. The company also reports on subscriber metrics, such as total members and ad-supported users, including those reached via automotive partners like Tesla.
LiveOne’s news flow also covers financial results and corporate actions, including quarterly earnings, segment performance in its Audio Division, stock repurchase activity, reverse stock split implementation, and updates on Nasdaq listing compliance. In addition, LiveOne issues releases about strategic initiatives such as AI-driven marketing collaborations, digital asset treasury strategy steps, and planned geographic expansion through ventures like LiveOneAfrica.
Beyond financial and strategic updates, LiveOne publishes announcements about livestreamed events and collaborations, including charity and awareness campaigns. For readers tracking LVO, this news stream provides insight into how the company manages its platform, partnerships, subscribers, and capital structure over time.
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.
LiveOne (NASDAQ: LVO) announced the repayment of $1 million in convertible debt and plans to repay an additional $1-2 million. It also announced an extension of the record date for shareholders to April 20, 2023, and an increase in dividends to LiveOne shareholders of record, estimating a payout between 12% and 16%. Furthermore, the company’s share buyback has exceeded 2,245,000 shares, with a remaining capacity of $1.6 million for further repurchases. This update comes as part of a broader strategy to spin out PodcastOne as a separate public entity.
LiveOne (LVO) reports significant membership growth, adding 592,000 paid members, a 45% increase, reaching over 2 million for fiscal 2023. In the latest quarter, the company recorded 177,000 new Tesla members, enhancing its subscriber base. LiveOne projects a total membership of 3.75 million this year, driven by robust demand for its services.
The platform, known for its music and entertainment offerings, reported an ad-supported membership base of approximately 2.9 million as of March 31, 2023. CEO Robert Ellin highlighted the achievement as the largest increase in memberships since the company's inception, indicating strong momentum in user acquisition.
LiveOne (Nasdaq: LVO) has announced significant financial updates, including a $1 million repayment of convertible debt and plans to repay an additional $1-$2 million. The record date for shareholders has been extended to April 20, 2023. Furthermore, LiveOne has increased the dividend for PodcastOne shares to its shareholders, now ranging between 12% and 16%. The company has successfully repurchased over 2,245,000 shares, leaving a capacity for an additional $1.6 million in repurchases. These strategic financial maneuvers are part of the ongoing efforts to spin out PodcastOne as a separate public company, enhancing overall shareholder value.
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.
FAQ
What is the current stock price of Liveone (LVO)?
What is the market cap of Liveone (LVO)?
