Core Insights - LiveOne has appointed Steve McClurg as Chief Advisor, leveraging his extensive experience in crypto, blockchain, tokenization, and capital markets to drive strategic growth [1][2] - The company aims to enhance its digital asset innovation, monetize podcast assets, and integrate into institutional markets under McClurg's guidance [1][2] Company Overview - LiveOne is headquartered in Los Angeles, CA, and operates as a creator-first music, entertainment, and technology platform, providing premium experiences and content globally through memberships and live and virtual events [3] - The company's subsidiaries include Slacker, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind, and it is accessible on various platforms including iOS, Android, Roku, and Spotify [3] Strategic Focus - The appointment of McClurg is seen as a significant step towards accelerating LiveOne's mission to enter digital markets, with a strong emphasis on podcasting and digital assets [2] - McClurg's background includes advising on blockchain initiatives and structuring tokenized investment vehicles, which aligns with LiveOne's goals in digital asset treasury strategies [5]

Core Viewpoint - LiveOne is set to announce preliminary financial results for FY25 on June 18, 2025, highlighting its focus on creator-first music and entertainment experiences [1] Company Overview - LiveOne, headquartered in Los Angeles, is a music, entertainment, and technology platform that offers premium experiences through memberships and events [3] - The company operates several subsidiaries, including Slacker, PodcastOne, and LiveXLive, and is accessible on various platforms such as iOS, Android, and Roku [3] Financial Performance - LiveOne reaffirms audio revenue of over $108 million and adjusted EBITDA of over $16 million for FY25 [5] - The company has improved efficiency by leveraging AI technology, launching over 25 new radio stations, and reducing Slacker's staff by one-third, achieving an additional $1.3 million in cost savings [5] Strategic Focus - The integration of AI is aimed at scaling and personalizing programming while maintaining human-centered curation and storytelling [2]

Financial Moves - LiveOne has closed a $27.775 million senior secured convertible notes financing, drawing down $16.775 million on May 19, 2025, with the potential to draw an additional $11 million based on financial performance conditions [1][2] - The convertible notes convert into shares at a price of $2.10 per share, strengthening LiveOne's balance sheet and funding strategic growth initiatives [1][2] - A portion of the net proceeds was used to fully pay off a $7 million loan from East West Bank and $4 million in short-term payables [5] Planned Initiatives - The financing is seen as a major milestone for LiveOne, allowing the company to optimize its capital structure and focus on growth and profitability [2] - LiveOne aims to grow and close up to 75 B2B partnerships, convert additional Tesla subscribers, and pursue M&A opportunities [5] - The company plans to expand its AI and data mining capabilities to monetize a database of 60 million users and grow its current 1.5 million subscribers and ad-supported users [5]

Group 1 - LiveOne's subsidiary Splitmind has contributed to significant music production, including SZA's "SOS" album, which has sold over 6 million units and achieved over 100 million streams on Billboard-topping singles, generating substantial recurring revenues [1] - The production efforts of Splitmind have also led to a combined total of 15 nominations for SZA and GloRilla at the BET and AMA awards [1] - LiveOne is a creator-first platform focused on delivering premium music and entertainment experiences globally through various subsidiaries and services [2] Group 2 - LiveOne operates multiple subsidiaries, including Slacker, PodcastOne, and Splitmind, and is accessible on various platforms such as iOS, Android, Roku, and Spotify [2] - The company emphasizes its commitment to enhancing user experiences through memberships and live and virtual events [2]

Group 1 - LiveOne announced the live streaming of the first annual Reality Games, an Olympic-style competition featuring stars from popular reality shows [1][2] - The event will take place in the second half of 2025 and will be streamed via LiveOne, with details to be announced on social platforms [2] - LiveOne's subsidiaries include PPVOne, which has conducted over 250 livestreams to more than 200 countries, generating over $30 million in revenue and $5 million in EBITDA [5] Group 2 - LiveOne is a creator-first platform focused on music, entertainment, and technology, providing premium experiences through memberships and live events [3] - The company has a significant social reach, with a combined audience exceeding 200 million [1] - LiveOne's notable events include major festivals and high-profile matches, showcasing talent like Taylor Swift and Drake [5]

Core Viewpoint - LiveOne is exploring strategic options following the $207 million sale of Napster, believing its current stock valuation does not reflect its intrinsic value [1][2]. Company Overview - LiveOne is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, CA, with subsidiaries including Slacker, PodcastOne, and others [3]. - The company focuses on delivering premium experiences and content through memberships and live and virtual events [3]. Financial Highlights - LiveOne's market capitalization is $72.1 million [5]. - Expected revenues for Fiscal Year 2025 are projected to exceed $112 million, with the audio division contributing over $108 million and an adjusted EBITDA of $16 million [5]. - The company has $6 million remaining in its share buyback program [5]. - LiveOne has over $50 million in B2B partnerships and is exploring inbound M&A opportunities for itself and its subsidiaries [5].

Core Insights - LiveOne, an award-winning music and entertainment platform, is hosting an investor meeting at Trump Mar-a-Lago on April 17, 2025, led by Chairman and CEO Robert Ellin [1][2] Company Overview - LiveOne is headquartered in Los Angeles, CA, and focuses on delivering premium experiences and content through memberships and live/virtual events [2] - The company operates several subsidiaries, including Slacker, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind [2] Business Updates - Total subscribers have exceeded 1.5 million, with ad-supported users increasing by over 800,000 since January 31, 2025 [4] - Recent B2B partnerships have generated over $2 million in revenue since April 1, 2025, with expectations to exceed $50 million for the year [4] - Partnerships include Amazon, Dax, a Fortune 250 streaming company, and TextNow, with over 75 potential partnerships in the pipeline [4]

Financial Results Announcement - LiveOne, Inc. announced preliminary financial results for the fiscal year ended March 31, 2025, with estimates subject to change[5]. - The company is finalizing its financial results, and the preliminary unaudited results may vary from the final results[6]. - The estimated preliminary financial information has not been audited or reviewed by the independent accounting firm, Macias Gini & O'Connell LLP[8]. - The financial closing procedures for the fiscal year are not yet complete, indicating potential adjustments to the reported figures[6]. Non-GAAP Measures - The press release includes EBITDA as a non-GAAP financial measure, which management believes provides important insights into ongoing business performance[7]. - The company does not intend for non-GAAP measures to be considered in isolation from GAAP measures[7]. Compliance and Classification - The company emphasizes that the preliminary results should not be viewed as a substitute for full financial statements prepared in accordance with GAAP[6]. - The company is not classified as an emerging growth company under the Securities Act[4]. - The information provided is not deemed "filed" under the Securities Exchange Act of 1934[9]. Press Release Details - The press release is dated April 7, 2025, and is attached as Exhibit 99.1[11].

Core Insights - LiveOne, Inc. (LVO) reported preliminary financial results for the fiscal year ending March 31, 2025, with Audio Division revenues exceeding $108 million and adjusted EBITDA surpassing $16 million [1] - The performance aligns with LVO's guidance, reinforcing its competitive position in the digital audio and entertainment sector [2] Financial Performance - For fiscal 2025, LVO reported revenues of over $112 million, consistent with its earlier guidance of $112 million to $120 million [3] - The total user base, including subscribers and ad-supported users, reached 1.45 million, indicating strong audience engagement [3] Debt Management - The company extinguished over $7 million in liabilities, including a full repayment of a $4.1 million credit line [4] - LVO successfully reclassified $5 million in payables as long-term liabilities [4] Cost Management and Investments - LiveOne achieved $40 million in annualized cost reductions since December 2024, enhancing operational efficiency [5] - The company acquired 1.47 million shares of PodcastOne at an average price of $2.22 per share, including 550,000 shares purchased in Q4 of fiscal 2025 [5] Business Development - LVO achieved over 50% car conversion rates in integrations and closed more than five major B2B deals, contributing $44 million in new revenues [6] - The company is focusing on expanding B2B deals and has established significant new agreements with potential partnerships in the pipeline [6] Market Position - LVO currently holds a Zacks Rank 3 (Hold) and has seen its shares decline by 15% over the past six months, contrasting with the 11.4% growth of the Zacks Audio Video Production industry [7]

Audio Revenue of $108M+ and Adjusted EBITDA* of $16M+Subscribers and ad-supported users exceeded 1.45MExtinguished $7M+ of liabilities, including paying off $4.1M of East West Bank credit lineExtended $5M payables to long-term liabilitiesExpanded restructuring efforts, cutting $40M in annualized costs since December 2024Acquired 1.47M PodcastOne (Nasdaq: PODC) shares at average price of $2.22 since March 2024, including 550K shares in Q4 Fiscal 2025 LOS ANGELES, April 07, 2025 (GLOBE NEWSWIRE) -- LiveOne (N ...