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LiveOne Inc - LVO STOCK NEWS

Welcome to our dedicated news page for LiveOne (Ticker: LVO), a resource for investors and traders seeking the latest updates and insights on LiveOne.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LiveOne's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LiveOne's position in the market.

News
LiveOne (NASDAQ: LVO) Announces Milestone Revenues
Rhea-AI Summary
LiveOne, Inc. (LVO) reported impressive financial results for Q3 FY 2024, with over $31M in revenue and a year-to-date total of $87M. The Audio Division achieved a record $80M in revenue for the first 9 months, marking a 25% year-over-year increase. Additionally, the Q3 revenue for the Audio Division reached over $27M. LiveOne also expanded its partnership with Telsa to include the Truck Division. The company currently holds approximately $11M in cash and $28M in short-term assets. However, it's important to note that these financial results are preliminary and unaudited, subject to potential adjustments and uncertainties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
Tags
none
-
News
LiveOne (Nasdaq: LVO) Provides Update for Its $10M Stock Repurchase Program
Rhea-AI Summary
LiveOne (Nasdaq: LVO) provides updates for its ongoing $10M stock repurchase program, with $6M remaining for discretionary repurchase of LVO and/or PodcastOne shares. The company has repurchased over 3.4M LVO shares since the inception of the program, with 1.1M shares repurchased in FY 2024 and 178K shares repurchased since Dec 1, 2023. LiveOne plans to immediately retire all repurchased shares, and the timing, price, and actual number of shares repurchased will be at the discretion of the company's management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
buyback
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News
LiveOne (Nasdaq: LVO) Achieves Milestone Growth for First 9 Months of FY 2024 With a 27% Year-Over-Year Increase in Paid Membership Revenue
Rhea-AI Summary
LiveOne (LVO) adds 63K+ new paid memberships in December with ARPU of $3.10+, surpasses 3.5M total memberships, and expects record new paid membership growth to exceed 1M in calendar year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.3%
Tags
none
News
LiveOne (Nasdaq: LVO) Issues Fiscal 2025 Revenue Guidance of $140 - $155M with $16 - $20M of Adjusted EBITDA*
Rhea-AI Summary
LiveOne (Nasdaq: LVO) forecasts its audio division, consisting of Slacker Radio and PodcastOne (Nasdaq: PODC), to combine for $130 - $140M of revenues with $20 - $25M EBITDA and over $17M of positive cash flow. The company anticipates adding over 1M subscribers and onboarding 20+ new podcasters. LiveOne also expands its stock repurchase program to $10M and is currently finalizing the restructuring of the merchandise business, slashing 75-100 staff, expected to result in $5 - $10m cost savings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
Tags
earnings
-
News
LiveOne (Nasdaq: LVO) Signs Strategic B2B Partnership With Fortune 500 Media Conglomerate; Partnership Delivers Minimum $20 Million Revenues for Calendar 2024
Rhea-AI Summary
LiveOne (Nasdaq: LVO) raises revenue guidance for Fiscal 2024 to $118M - $120M and increases current pipeline to over 35 potential B2B partnerships across 8 verticals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
partnership
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News
LiveOne Plans to Cut an Additional 25% of Staff by Year-End With a Continued Focus on Utilizing AI
Rhea-AI Summary
LiveOne (Nasdaq: LVO) implements additional cost and expense reductions, aiming to increase total savings to over $40 million. CEO Robert Ellin emphasizes focus on profitability and cash generation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.25%
Tags
AI
News
LiveOne (Nasdaq: LVO) Year-Over-Year New Paid Memberships Increased by 635K+, a 38% Increase
Rhea-AI Summary
LiveOne (LVO) added 57,000 new paid members in November with an average revenue per user (ARPU) of $3.10+, bringing the total membership to 3.4M+, marking a year-over-year increase of 30%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.97%
Tags
none
-
News
LiveOne (Nasdaq: LVO) Music Publishing Subsidiaries Splitmind and Drumify Increase Revenues 300% in 2023
Rhea-AI Summary
LiveOne (Nasdaq: LVO) reports record-breaking success for its majority-owned music publishing subsidiary, Splitmind, and its majority-owned subsidiary operating an online marketplace for sounds, Drumify. The company achieved 3 Grammy nominations with artists like Lecrae and Coco Jones, surpassed 3 billion streams globally, and released music from major artists like Drake, Bad Bunny, and Chris Brown.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.95%
Tags
none
-
News
PodcastOne's The Dr. Gundry Podcast, Hosted by Dr. Steven Gundry, Celebrates 15 Million Lifetime Downloads
Rhea-AI Summary
PodcastOne - The Dr. Gundry Podcast Celebrates 15 Million Lifetime Downloads, Offering Science-Based Knowledge for Health Restoration and Longevity. Hosted by Dr. Steven Gundry, the podcast features engaging conversations with health experts and has achieved impressive rankings on Apple. New episodes air twice a week, covering topics like inflammatory foods, microbiome nourishment, and longevity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.46%
Tags
none
News
LiveOne Reports Q2 Fiscal Year 2024 Revenue of $28.5M and Adjusted EBITDA* of $2.8M
Rhea-AI Summary
LiveOne (Nasdaq: LVO) reported a revenue of $56.3M and Adjusted EBITDA* of $5M for the first six months of fiscal 2024, raising Audio Division Revenue Guidance to $105M - $110M and Adjusted EBITDA* of $18.5M to $21M. The company also shared highlights such as 2.4 million paid members as of September 30, 2023, and plans to explore strategic alternatives to enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.56%
Tags
earnings
Stock LVO logo
LiveOne Inc

Nasdaq:LVO

LVO Rankings

#4586 Ranked by Market Cap
#511 Ranked by Stock Gains
N/A Ranked by Dividends

LVO Stock Data

154.58M
68.46M
18.85%
21.97%
3.09%
Data Processing, Hosting, and Related Services
Information
Link
US
West Hollywood

About LVO

livexlive media, inc. (“livexlive media”) is home to premier video and audio media brands and technology assets that create a social media ecosystem for music, including the livexlive platform (“livexlive”). livexlive is one of the world’s only premium streaming services devoted to live music and music-related video content, delivering live streamed and premium, on demand original content to nearly any internet-connected screen. since its launch in 2015, livexlive has streamed performances from more than 200 of the world’s biggest artists from some of music’s most popular festivals, including rock in rio, outside lands music and arts festival, and hangout music festival. livexlive media’s businesses also include event marketing and ticketing platform wantickets, social media influencer venture livexlive influencers, streaming music service slacker radio* and video-centric social media app company snap interactive*. livexlive media is headquartered in beverly hills, calif. for more info