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 (NASDAQ: LVO) has announced a special dividend of 5% to 10% of PodcastOne's common stock as part of its planned spin-out. The record date for shareholders eligible to receive this dividend is set for December 22, 2022. PodcastOne recently raised $8.1 million at a post-money valuation of $68 million. The company aims to file a Registration Statement on Form S-1 by December 15, 2022, and complete the spin-out by the end of the fiscal year on March 31, 2023.
LiveOne (NASDAQ: LVO) anticipates Q2 Fiscal 2023 revenue exceeding $23 million and Adjusted EBITDA around $4 million. The company gained a record 181,000 new members, including 154,000 paid subscriptions, bringing total members to 2.55 million. Its Audio Division, comprising Slacker and PodcastOne, expects revenue of $21 million and Adjusted EBITDA of $6 million. LiveOne raised its full-year Adjusted EBITDA guidance to between $8.5 million and $11.5 million and plans to file an S-1 for PodcastOne's spinout by December 31, 2022.
LiveOne (Nasdaq: LVO) plans to pre-announce preliminary unaudited financial results for its second fiscal quarter ended September 30, 2022, before the market opens on Tuesday, October 25, 2022. The company offers a music, entertainment, and technology platform, featuring a paid and ad-supported membership base of 2.5 million, a library of 30 million songs, and over 300 podcasts. LiveOne's subsidiaries include Slacker Radio and PodcastOne, which generate over 2.1 billion downloads per year.
LiveOne, Inc. (NASDAQ: LVO) announced that its Chairman and CEO, Robert Ellin, will present at two major investor conferences. The LD Micro Main Event is scheduled for October 25, 2022, at 4:30 pm ET in Los Angeles, CA. The ThinkEquity Conference will take place on October 26, 2022, at 2:30 pm ET in New York City. LiveOne, recognized for its creator-first platform, has a membership base of 2.5 million and is expanding its offerings in music and entertainment.
LiveOne (NASDAQ: LVO) has launched a new division, LiveOne Brands, focusing on celebrity-backed and branded products, particularly a white wine collaboration with R&B artist Jeremih and renowned winemaker Russell Bevan. This initiative aims to tap into the growing celebrity wine market, projected to generate substantial revenue. The new wine product is designed for a wide audience and is expected to launch in 2023. CEO Robert Ellin highlighted the potential to disrupt both the music and wine industries through this venture, enhancing artist relationships and diversifying revenue streams.
LiveOne (NASDAQ: LVO) has expanded its PodcastOne sports vertical by adding new shows hosted by sports personalities including World Series Champion Nick Swisher, NBA Champion Bobby Portis, and former NFL Running Back Chris Howard. The new lineup also includes Hammered Heroes, hosted by Brendan Fitzgibbons and Sophie Santos. This expansion aims to leverage the combined social reach of over 22 million among the hosts, enhancing audience engagement and discoverability through platforms like YouTube.
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LiveOne (Nasdaq: LVO) announced a webcast on September 13, 2022, to introduce its senior management team from the audio division. Featured speakers include Brad Konkol of Slacker Radio and Kit Gray of PodcastOne. Key highlights include Slacker Radio surpassing 2.5 million total members and PodcastOne achieving record revenue of $8.7 million in Q1 FY 2023. The webcast can be accessed via LiveOne's Investor Relations section.
LiveOne (Nasdaq: LVO) announced its audio division guidance, forecasting over $88 million in revenue and approximately $17 million in Adjusted EBITDA for Fiscal Year 2023, marking an 18% increase in revenue and a 100% increase in Adjusted EBITDA from FY 2022. The company aims to enhance its Slacker Radio and PodcastOne platforms, with the latter achieving record revenue of $8.7 million in Q1 FY 2023. LiveOne's overall guidance for FY 2023 estimates revenue between $126 million and $129 million.
LiveOne (Nasdaq: LVO) has announced a partnership with TCL, a leading consumer electronics brand, to preload its app and membership on selected TCL smartphones and tablets. This collaboration aims to enhance TCL customers' access to LiveOne's extensive audio and video content. LiveOne's CEO, Rob Ellin, expressed excitement about expanding their distribution network, while TCL's representatives highlighted the importance of engaging with innovative partners. LiveOne is continuing to grow its B2B partnerships with other prominent brands, further broadening its reach in the entertainment industry.