Liveone Inc Stock Price, News & Analysis

LiveOne (Nasdaq: LVO), a music and entertainment platform, will have its CEO, Robert Ellin, present at the 17th Annual Needham Technology & Media Conference. Scheduled for Thursday, May 19, 2022, at 1:30 pm EDT, the event will feature a fireside chat hosted by Needham analyst Laura Martin. Investors can register for the free live webcast and access an archived replay afterward. As of April 25, 2022, LiveOne boasts over 2.26 million members and a library of 30 million songs.

LiveOne (Nasdaq: LVO) has announced that CEO Robert Ellin will present at the Q2 Investor Summit on May 3-4, 2022, at The Westin New York Grand Central. Ellin's presentation will be webcast on May 3 at 11:00 AM ET. Investors interested in attending can register for complimentary access. As of April 25, 2022, LiveOne has over 2.26 million members and offers a vast library of content, including 30 million songs and 600 curated radio stations. For more information, visit www.liveone.com.

LiveOne (Nasdaq: LVO) announced the commencement of a stock repurchase program starting in Q1 FY 2023, with authorization to repurchase up to 2 million shares, beginning with 500,000 shares. As of April 22, 2022, the company reported cash on hand of $13.6 million and a total membership of 2.26 million members. LiveOne maintains its guidance for FY 2023, forecasting revenue between $125 million - $140 million and adjusted EBITDA between $4 million - $8 million. CEO Robert Ellin emphasized confidence in the company's long-term growth and shareholder value maximization.

LiveOne (NASDAQ: LVO) has partnered with Propagate Content to launch Ultimate Social Boxing, a competitive reality series featuring social media stars. Contestants will vie for a $1 million contract with the new Ultimate Social Boxing League. Following the success of the inaugural Social Gloves event, which generated over $15 million in revenue and 136,000 pay-per-view purchases, Ultimate Social Boxing aims to attract a significant audience through its engaging format.

PodcastOne, a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), recently announced significant accolades for its executives. President Kit Gray was recognized as one of the most influential figures in podcasting, while Eli Dvorkin was named to the Top 40 Under 40 list by Podcast Magazine. PodcastOne also achieved over 2.4 billion annual downloads, solidifying its position as a top publisher in the U.S. This success is attributed to Gray's innovative network-talent partnerships and Dvorkin's talent acquisition strategies, driving growth for PodcastOne.

LiveOne (NASDAQ: LVO) has awarded the inaugural Rookie of the Year to global pop star Noa Kirel, recognizing her significant rise in the music industry. Kirel's social media reach exceeds 2 million, and she has partnered with Atlantic Records since mid-2020. The award will feature an exclusive NFT along with promotional activities on LiveOne's platform. The company aims to expand its talent-centric model, which includes a extensive user base of over 2.23 million members and diverse monetization strategies.

LiveOne (NASDAQ: LVO) reported a record total membership of 2.23 million as of April 1, 2022, including 1.48 million paid members. The company added over 52,000 new paid members in March 2022, driven by various initiatives. For FY 2022, LiveOne anticipates revenue of at least $112 million, a 72% increase from FY 2021's $65.2 million. The firm confirmed its guidance for positive Adjusted EBITDA in Q1 FY 2023 and highlighted substantial growth across social media engagement and podcast downloads.