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's subsidiary, Palm Beach Records (PBR), celebrates its second Double-Platinum success with Kodak Black, achieving over 1 billion streams across various singles. The Recording Industry Association of America awarded PBR for mixing Kodak Black's hit 'No Flockin’,' which has surpassed 339 million Spotify streams. Additionally, 'Lockjaw' also attained Double-Platinum status with over 161 million streams. PBR, which has mixed for numerous artists, is poised for further collaboration within LiveOne’s ecosystem to enhance production of podcasts and vodcasts.
LiveOne (NASDAQ: LVO) has partnered with VersusGame to introduce skill-based gaming on PodcastOne. This new initiative will enhance listener engagement and monetization through MiniGames that allow users to answer prediction questions for rewards. The gamification strategy aims to increase audience retention, with reported engagement rates of 27% and click-through rates of 55.6%. PodcastOne plans to leverage social media to share gamified content and expand its reach. This move aligns with the growing demand for innovative content in podcasting, providing fans a unique way to interact with their favorite shows.
LiveOne (LVO) reported Q3 Fiscal 2023 revenue of $27.3M, down from $32.9M year-over-year, primarily due to decreased event revenue. However, the Audio Division achieved record revenue of $22M, contributing to a $9.4M Adjusted EBITDA for the first nine months of FY2023. The company raised its Adjusted EBITDA guidance to $11M-$12M for FY2023. LiveOne also announced a $2M stock repurchase program and saw a significant increase in paid memberships, reaching 1.96M, a 40% increase year-over-year. Despite a net loss of $5.3M for the nine-month period, the management highlighted operational optimization and reduced expenses.
LiveOne (NASDAQ: LVO) has restructured and rebranded its clothing subsidiary to CPSOne, investing $2M to enhance profitability. This move includes a partnership with fashion expert Michael Schnieder aimed at consolidating streetwear and celebrity brands, such as athletic footwear and casual wear. CEO Robert Ellin expressed enthusiasm for the collaboration, noting Schnieder's brand-building expertise. As of January 17, 2023, LiveOne boasts 2.7 million members and a diverse content library, including 30 million songs and more than 300 podcasts.
LiveOne (NASDAQ: LVO) announced a significant debt restructuring, converting
LiveOne (NASDAQ: LVO) will announce its fiscal 2023 third-quarter financial results for the period ending December 31, 2022, on February 9, 2023, at 10:30 AM ET. A live conference call will follow, allowing senior management to provide insights and details on performance metrics. As of January 17, 2023, LiveOne reported a membership base of 2.73 million across paid and ad-supported segments, streaming over 2,900 artists with a catalog of 30 million songs. The company's diverse offerings include podcasts, radio stations, and music-related NFTs, highlighting its commitment to premium content delivery.
LiveOne (NASDAQ: LVO) announces an exclusive pay-per-view event featuring Emblem3 to celebrate the release of their upcoming album, Songs From the Couch, Vol. 2, on
LiveOne (LVO) celebrates its 5th anniversary by launching the LiveOne All-Stars Talent Competition Series, a year-long event showcasing over 3,000 artists. The competition kicks off on March 31, 2023, with four quarterly contests, culminating in a finale on December 31, 2023. The series boasts impressive statistics: 5.2 billion impressions and 334 million livestream views. Each finalist will receive a $10,000 prize, with a chance to win up to $100,000. Hosted by Chelsea Briggs, the event aims to enhance audience engagement while highlighting the platform's mission to promote emerging artists.
LiveOne (NASDAQ: LVO) has appointed Jim Berk to the Board of Directors for its subsidiary PodcastOne. Berk, previously CEO of PodcastOne and Participant Media, brings over 25 years of leadership experience in entertainment and media. He is expected to guide PodcastOne during its growth phase, particularly as it prepares for an IPO. PodcastOne stands out with over 14 million monthly unique listeners and 2.3 billion annual downloads. The appointment aligns with LiveOne's strategy to innovate and capitalize on opportunities in the media sector, as noted by industry leaders Robert Ellin and Kit Gray.
LiveOne (NASDAQ: LVO) reported impressive growth, achieving 160K paid members in Q3 FY 2023, totaling over 1.9 million paid members and exceeding 2.7 million total members. In the past nine months, membership rose by 414K, a 28% increase, while the last year saw a 532K increase—40% growth. The company raised its FY 2023 Adjusted EBITDA guidance to
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