Core Insights - LiveOne, Inc. has announced a strategic collaboration with Legible Inc. to enhance the value for Slacker Radio's 4 million members by providing access to exclusive audiobook content [1][2][3] Group 1: Partnership Details - The collaboration will allow Slacker Radio members to access a 'Book of the Month' audiobook for free, curated by Legible's experts, starting in August [2][4] - This initiative aims to blend music with storytelling, enriching the listening experience for members [2][3] Group 2: Member Benefits - Members will receive a full-length audiobook each month at no additional cost, enhancing their overall experience [4] - Exclusive previews of a wide selection of audiobooks will be available, allowing members to discover new authors and genres [4][5] Group 3: Strategic Implications - The partnership positions LiveOne as a pioneer in integrating music and audiobooks, which is expected to drive increased engagement and attract new members [6] - This collaboration aligns with LiveOne's broader strategy to enhance member engagement and retention through added value [3][6] Group 4: Company Background - LiveOne, Inc. is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, offering premium content through memberships and events [8] - Slacker Radio, owned by LiveOne, provides personalized music and entertainment streaming to millions of users [7][8] Group 5: Legible Inc. Overview - Legible Inc. specializes in eBooks and audiobooks, with a market opportunity exceeding billions of dollars, and has partnerships with major publishers [10] - The company is focused on reshaping the digital publishing landscape through innovative solutions and AI-powered enhancements [10]

LiveOne (LVO) incurred a first-quarter fiscal 2025 loss of 2 cents per share compared with a loss of 1 cent a year ago. The figure was in line with the Zacks Consensus Estimate. Revenues increased 19% year over year to $33.1 million but missed the consensus mark by 0.1%. Despite the competitive market landscape, LVO's year-over-year top-line growth was fueled by the continued success of the Audio Division, a strong pipeline and the addition of four new partnerships. For the three months ended June 2024, Sla ...

Revenue Growth - Q1 Fiscal 2025 Revenue reached $33.1M, a 19% increase YoY from $27.8M in Q1 Fiscal 2024[1][4] - Audio Division achieved record revenue of $31.9M, up 24% YoY from $25.7M in Q1 Fiscal 2024[1][4] - Revenue increased to $33.1 million in Q2 2024, up 19.1% from $27.8 million in Q2 2023[14] Adjusted EBITDA Performance - Adjusted EBITDA for Q1 Fiscal 2025 improved to $2.9M, compared to $2.2M in Q1 Fiscal 2024[4] - Adjusted EBITDA improved to $2.9 million in Q2 2024, up 31.4% from $2.2 million in Q2 2023[17] - PodcastOne operations reported an adjusted EBITDA loss of $0.3 million in Q2 2024, compared to a gain of $0.4 million in Q2 2023[17] - Slacker operations generated $5.4 million in adjusted EBITDA in Q2 2024, up 20.2% from $4.5 million in Q2 2023[17] Membership Growth - Paid members increased by 653K (29%) YoY, reaching 3.9M total members (including free ad-supported memberships) as of July 31, 2024[2] Podcast Performance - PodcastOne ranked 11th in PODTRAC's Podcast Industry Top Publishers Rankings with ~5.5M U.S. Unique Monthly Audience and ~17.5M Global Downloads and Streams[2] Financial Guidance - Fiscal 2025 Guidance: Consolidated Revenue of $140M - $155M and Adjusted EBITDA of $16M - $20M; Audio Division Revenue of $130M - $140M and Adjusted EBITDA of $20M - $25M[1][5] Capital Expenditures - Capital expenditures for Q1 Fiscal 2024 totaled $0.7M, driven by capitalized software costs for LiveOne's integrated music player and pay-per-view services[5] Share Repurchase - LiveOne repurchased 4.38M shares, with $6.3M remaining under the $12M repurchase program[1] Strategic Alternatives - LiveOne is exploring strategic alternatives, including potential acquisitions, divestitures, mergers, or sales, to enhance shareholder value[3] Operating Performance - Operating loss for Q1 Fiscal 2025 was ($0.8M), compared to ($0.3M) in Q1 Fiscal 2024, primarily due to increased operating expenses[4] - Net loss attributed to LiveOne was $1.2 million in Q2 2024, compared to $0.5 million in Q2 2023[14] - Contribution margin was $8.0 million in Q2 2024, slightly down from $8.2 million in Q2 2023[18] Balance Sheet Changes - Total assets grew to $64.6 million as of June 30, 2024, compared to $63.9 million as of March 31, 2024[16] - Cash and cash equivalents decreased to $6.2 million as of June 30, 2024, from $7.0 million as of March 31, 2024[16] - Accounts receivable increased to $14.8 million as of June 30, 2024, up 11.8% from $13.2 million as of March 31, 2024[16] - Total current liabilities rose to $48.1 million as of June 30, 2024, compared to $46.8 million as of March 31, 2024[16]

Adjusted EBITDA* (excluding CPS) of $3.3M Audio Division (Slacker Radio and PodcastOne (Nasdaq: PODC)) Record Revenue of $31.9M (+24% YoY) Adjusted EBITDA* of $5.1M Fiscal 2025 Guidance Consolidated Revenue of $140M - $155M, Adj. EBITDA* of $16M – 20M Audio Division Revenue of $130M - $140M, Adj EBITDA* of $20M - $25M Shares Repurchased Total shares 4.38M $6.3M remaining of $12M under repurchase program Senior Management to Host a Live Conference Call and Audio Webcast on Tuesday, August 13, 2024 at 10:00 A ...

- Tesla Membership: Boasts 26% year-over-year growth - New Paid Members: Increase over 225k in Fiscal Year 2025 and an impressive 64K in July 2024 - Total Membership: Grew 23% year-over-year - B2B Pipeline: Expands to 63, including four signed partnerships to be announced upon launch LOS ANGELES, Aug. 09, 2024 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment and technology platform, announced today an update for certain of its July 2024 and fiscal year ending ...

- Investor Webcast on Tuesday, August 13, 2024 at 10:00am ET / 7:00am PT LOS ANGELES, Aug. 07, 2024 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ:LVO), an award-winning, creator-first, music, entertainment and technology platform, plans to announce its operating and financial results for its first quarter fiscal year 2025 ended June 30, 2024 ("Q1 FY 2025") on Tuesday, August 13, 2024. LiveOne's senior management will host a live conference call and audio webcast to provide a business update and discuss its operating ...

- Investor Webcast on Tuesday, August 13, 2024 at 10:00am ET / 7:00am PT LOS ANGELES, Aug. 07, 2024 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment and technology platform, plans to announce its operating and financial results for its first quarter fiscal year 2025 ended June 30, 2024 ("Q1 FY 2025") on Tuesday, August 13, 2024. LiveOne's senior management will host a live conference call and audio webcast to provide a business update and discuss its operating ...

Jonathan Mark is represented by Antranig Balian (Manager, Mortar LA) and Jennifer Buonantony (Publicist, PPLA Agency). LOS ANGELES, July 30, 2024 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ:PODC), a leading podcast platform and a subsidiary of LiveOne (NASDAQ:LVO), announced today that Celebrity Medium Jonathan Mark has joined PodcastOne network in a multi-year deal for his debut podcast Connect with Jonathan Mark. PodcastOne holds the exclusive sales and distribution rights for the podcast. The first season of ...

A.A. Milne's Classic Books Gave Rise To $80 Billion in Retail Sales with Millions in Music Royalties LiveOne will produce, publish, and distribute all music for Kartoon Studios "Winnie-the-Pooh" films and series, including original songs, albums and soundtracks. LiveOne's subscription platform delivers premium content and livestreams from the world's top artists creating a valuable connection between brands and fans. In addition to the release of content, Kartoon Studios will launch a global retail program ...

For media inquiries, please contact: LiveOne IR Contact: Liviakis Financial Communications, Inc. (415) 389-4670 john@liviakis.com LiveOne Press Contact: LiveOne press@liveone.com Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and Twitter at @liveone. LIVE XONE Expected Record Revenue of $33.1M for Q1 FY2025, up 20% from Q1 FY2024 Expected Adjusted EBITDA* of $2.9M, up 31% over Q1 FY2024 Guides positive cash flow from core operating business of $17.5M for fiscal year ending March 31, 2 ...