LiveOne, Inc. (LVO) recently announced an updated partnership with Tesla, Inc. (TSLA) . As part of this agreement, which was inked at the beginning of this month, Tesla has permanently replaced its streaming button with LiveOne's service, marking a significant shift in the user experience for Tesla owners. In conjunction with this partnership, LiveOne is set to launch its LiveOne 2.0 platform, which will grant subscribers access to music across all devices. This development will benefit the current 1.9 mill ...

LOS ANGELES, Oct. 01, 2024 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO), a leading digital media company, today announced an amended partnership with Tesla. Key Highlights: 1. Effective Oct 1, 2024: Tesla replaces streaming button with LiveOne's in perpetuity 2. LiveOne 2.0 launches, providing subscribers access to music on all devices 3. 1.9 million subscribers can convert to Premium/Plus services 4. Potential 3x increase in Average Revenue Per User (ARPU) 5. As of Dec 1, 2024, Tesla will no longer subsidize ...

- Expands distribution of "Birthday Sex" wine in collaboration with R&B star Jeremih - Enters into distribution partnerships with SOKO and Kelly Family Distributors LOS ANGELES, Sept. 24, 2024 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO) Brands is proud to announce its Birthday Sex Wine will expand into the thriving wine markets of California and Georgia, collectively valued at $47 billion. This strategic move aligns with the company's commitment to diversity and inclusion in the beverage industry. As part of ...

LiveOne Plus annual price increased to $39.99 (a $4 per subscriber increase) LiveOne Premium monthly price increased to $10.99 (a $1 per subscriber increase) Price adjustments will support future product innovation and enhanced content experiences LOS ANGELES, Sept. 06, 2024 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO), an award-winning, creator-first music, entertainment, and technology platform announced today a price adjustment, effective immediately, for its Plus and Premium membership plans. This change a ...

LiveOne, Inc. (LVO) has collaborated with Kartoon Studios to unveil three new dynamic music and video channels for all age groups. The channels will start launching this fall, along with content from Kartoon Studios and LiveOne's extensive platforms. The channel Baby Genius is for children aged two to eight, featuring animated adventures and sing-along music — a go-to for early childhood entertainment. Stan Lee Presents is aimed at kids and teens eight years and up, presenting music and stories from the Sta ...

LiveOne, Inc. (LVO) has announced a multi-year agreement with TextNow, offering a full year of LiveOne's Plus service at a reduced rate, along with exclusive content tailored specifically for TextNow customers. Through this partnership, TextNow users can now access LiveOne Plus, featuring an ad-free experience with unlimited skips, high-definition audio and exclusive content. The announcement comes as TextNow celebrates surpassing 250 million downloads, marking a major milestone in its growth trajectory. As ...

583K PODC total shares, $2.08 average price, including 224K since July 1st Additional 153K+ LVO shares since July 1st $6.3M remaining for repurchases Extinguishing 4.3M repurchased LVO shares by end of week, reducing outstanding shares from 99M to 94.7M LOS ANGELES, Aug. 20, 2024 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO) an award-winning, creator-first music, entertainment, and technology platform announces updates to the LVO and PodcastOne (NASDAQ: PODC) cash position and repurchasing program. About LiveOn ...

- Slacker Radio's 4 million members will have to access to new program - Tapping into the booming global audiobook market, valued at $5B and projected to reach $42B by 2031 - LiveOne now boasts 3 pillars of audio: music, podcasts, and audiobooks LOS ANGELES, Aug. 16, 2024 (GLOBE NEWSWIRE) -- LiveOne, Inc. (NASDAQ: LVO), a leader in digital broadcasting and personalized entertainment, is excited to announce a strategic collaboration with Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T), a premier digital r ...

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]