Liveone Inc Stock Price, News & Analysis

LiveOne (NASDAQ: LVO) announced a global Pay-Per-View (PPV) concert featuring K-Pop artist B.I set for June 25, 2022. After producing over 125 PPV events and generating approximately $26.7 million since 2020, LiveOne continues to expand its offerings. The event will showcase new songs and a VIP experience, with tickets starting at $19.99. Fans can expect an immersive performance including behind-the-scenes access. With over 5.8 million followers, LiveOne’s social reach extends its marketing potential, indicating strong fan engagement.

LiveOne (NASDAQ: LVO) announced the global livestream of T-Pain's inaugural Wiscansin Fest, scheduled for June 11, 2022. This Milwaukee-based event, featuring artists like Lil Jon and Yung Bleu, culminates T-Pain's 'Road to Wiscansin' Tour. LiveOne, having streamed over 340 events, emphasizes a hybrid approach of blending live music, podcasting, and livestreaming. The platform has over 2.26 million members and offers a vast library of music and podcasts. The event aims to enhance the company's audience reach and engagement.

LiveOne (NASDAQ: LVO) has partnered with Hyundai Motor America to host live podcasts featuring popular shows, The Jordan Harbinger Show and LadyGang. The events will take place on June 13 and June 26, 2022, in Los Angeles and Tampa, respectively. They will showcase Hyundai's electric vehicles during the streams. This collaboration is aimed at enhancing brand visibility and audience engagement for both LiveOne and Hyundai. PodcastOne emphasizes its commitment to innovative partnerships to boost audience reach in the growing podcast market.

LiveOne (NASDAQ: LVO), a music and entertainment platform, announced its CEO Robert Ellin will present at the LD Micro Invitational XII Conference on June 8, 2022, at 3:00 p.m. ET. The event will take place at the Four Seasons Hotel in Westlake Village, California. LiveOne offers premium content experiences and has over 2.26 million members, with a library of 30 million songs and 600 curated stations. The conference will be available for live streaming, and an archived replay will be accessible on LiveOne's IR website.

LiveOne (NASDAQ: LVO) has repurchased 500,000 shares for $350,000 as part of its stock repurchase program. The company has increased its buyback authorization to $1 million total for the first quarter of fiscal year 2023, under a plan to repurchase up to 2 million shares. The program is aimed at enhancing shareholder value and is aligned with the company's capital allocation strategy, designed to support ongoing business growth. These repurchases are subject to market conditions and management's discretion.

LiveOne (LVO) announced strong financial guidance, projecting a positive Adjusted EBITDA for Q1 Fiscal 2023 and full-year guidance between $125 million and $140 million in revenue. The company is actively reducing costs, increasing anticipated annual savings from $14 million to over $20 million. LiveOne repurchased 500,000 shares under its 2 million share buyback program, demonstrating commitment to shareholder value, while currently holding $14 million in cash.

LiveOne (Nasdaq: LVO), a music and entertainment platform, announced that CEO Robert Ellin will present at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference from May 23-25, 2022, in Boston. Ellin's fireside chat is scheduled for May 25, 2022, at 1:50 PM ET. Interested parties can register for the live webcast here.

As of April 25, 2022, LiveOne has over 2.26 million members, a library of 30 million songs, and generates substantial podcast downloads.