Liveone Inc Stock Price, News & Analysis

LiveOne (NASDAQ: LVO) announced significant financial improvements and strategic initiatives. The company has achieved over $10 million in cash savings, extended $5 million in payables to long-term (including Sound Exchange), and paid off a $2.75 million East West Bank credit line. The company plans to allocate these savings toward strategic growth initiatives, including:

- Converting more Tesla subscribers
- Expanding B2B partnerships, including a recently announced $25+ million deal with a Fortune 500 company
- Expanding original IP content
- Enhancing music partnerships
- Monetizing data business through AI integration

LiveOne (NASDAQ: LVO) has announced reaching over 500,000 Tesla users through their partnership, with projections to exceed 550,000 users by February 1st. The expansion includes 150,000+ new ad-supported subscribers as the company begins broader rollout to Tesla vehicles this week.

The company is leveraging AI and data mining to create new revenue streams from its growing user database. CEO Robert Ellin highlighted strong conversion rates among Tesla subscribers and expressed confidence in securing additional B2B partnerships. LiveOne anticipates generating $25M+ in revenues from partnerships with major companies including Spotify, Apple, Samsung, iHeart, Facebook, TikTok, and upcoming collaborations with Fortune 500 media conglomerates.

LiveOne (NASDAQ: LVO), a music, entertainment, and technology platform, has reached a milestone of 500,000+ Tesla users. The platform projects to surpass 550,000 users by February 1st, including over 150,000 new ad-supported subscribers. Initially rolled out to Tesla subscribers, the partnership will expand rapidly starting this week.

Robert Ellin, Chairman and CEO, expressed excitement over the high conversion rate of Tesla subscribers to LiveOne. The company is leveraging AI and data mining to monetize its database and unlock new revenue streams. This milestone is seen as a stepping stone to securing additional B2B partnerships. LiveOne has existing partnerships with Spotify, Apple, Samsung, iHeart, Facebook, and TikTok, and anticipates new partnerships with Fortune 500 media conglomerates, which are expected to generate over $25 million in revenues.

LiveOne (NASDAQ: LVO)'s subsidiary Splitmind has achieved a significant milestone as their production work on SZA's 'Lana' Deluxe album has propelled SZA's 'SOS' back to the #1 position on Billboard. The album recorded impressive first-week sales of 178,000 album equivalent units (EAU's). Additionally, Splitmind's Calvin Dickinson collaborated with Lil Yachty as co-producer on the track 'Chill Baby'.

LiveOne (LVO) has announced reaching over 450,000 Tesla users, including more than 100,000 free ad-supported users. The data reveals that users average 50+ minutes of daily in-vehicle listening and achieve 2.8x engagements. The company's upgraded Tesla partnership, which delivers the LiveOne app and music service to all devices, demonstrates strong customer loyalty over 12 years. LiveOne's CEO Robert Ellin emphasized the company's focus on developing B2B partnerships with major companies valued between $1 billion and trillion dollars, leveraging their customer databases with LiveOne's programming capabilities.

LiveOne's (LVO) subsidiary Splitmind has co-produced the song 'Chill Baby' on SZA's new album Lana, featuring Lil Yachty. The song, part of the deluxe edition of SZA's 3x Platinum album SOS, was written and co-produced by Splitmind's Calvin 'CD.mp3' Dickinson. The album achieved over 27M+ streams in its first 24 hours. Splitmind's music collective has garnered over 2B streams across 100+ major label releases and increased revenues by 37% year-over-year. The company has previously live-streamed SZA to its 200M+ viewers since 2018. Splitmind's portfolio includes collaborations with notable artists like Wizkid, Drake, GloRilla, Brent Faiyaz, KYLE, Russ, and Blxst.

LiveOne (LVO) has received formal confirmation from Nasdaq that it has regained compliance with the exchange's minimum bid price requirement under Listing Rule 5550(a)(2). The company will continue trading on Nasdaq under the symbol 'LVO'. This development follows LiveOne's efforts to enhance shareholder value and improve its balance sheet.

LiveOne (LVO) has announced significant progress in its multi-year partnership with Tesla, reaching 350,000 paid subscribers as of December 15th, 2024. CEO Robert Ellin highlighted the company's use of their technology stack, including AI, to provide personalized user experiences. The company also reported a current cash position of $16 million.

LiveOne (NASDAQ: LVO) has announced strategic balance sheet restructuring initiatives and partnership updates. The company has secured multi-year music licensing agreements with BMI and ASCAP, while also restructuring $8 million in payables. These developments are expected to enhance the company's ability to finalize over 65 B2B deals currently in their pipeline, supporting their global expansion efforts.