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LiveOne (LVO) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-11-07 15:25
LiveOne (LVO) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.02, delivering no surprise.Over the last four quarters, the company has not been able to surpass co ...
PodcastOne to Attend Upcoming Investor Conferences
GlobeNewswire News Room· 2024-10-29 20:01
LOS ANGELES, Oct. 29, 2024 (GLOBE NEWSWIRE) -- PodcastOne (Nasdaq: PODC), a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), has been invited to present at several upcoming investment conference, including the Think Equity Conference being held October 30, 2024, the Wall Street Conference being held November 12 – 14, 2024, and 13th Annual ROTH Technology Conference being held November 19-20, 2024. Kit Gray, Co-founder and President of PodcastOne, and Rob Ellin are scheduled to host one-on ...
LVO Amends TSLA Partnership: Can Streaming Upgrade Boost the Stock?
ZACKS· 2024-10-07 14:35
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 ...
LiveOne (Nasdaq: LVO) Announces Renewed Partnership with Tesla Through May 2026
GlobeNewswire News Room· 2024-10-01 14:00
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 ...
LiveOne (NASDAQ: LVO) Brands Expands into California and Georgia's $47 Billion Wine Markets
GlobeNewswire News Room· 2024-09-24 10:00
- 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 (Nasdaq: LVO) Launched Price Increases for Plus and Premium Membership Plans
GlobeNewswire News Room· 2024-09-06 12:00
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 Expands Reach With Diverse Content: Will the Stock Gain?
ZACKS· 2024-09-04 15:00
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 (LVO) Inks Multi-Year B2B Agreement With TextNow
ZACKS· 2024-08-20 16:10
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 ...
LiveOne (Nasdaq: LVO) Reports $9.1M+ Current Cash Position after Stock Purchases
GlobeNewswire News Room· 2024-08-20 12:00
Group 1 - LiveOne has announced updates regarding its cash position and share repurchase program, including the repurchase of 4.3 million shares of PodcastOne (PODC) by the end of the week, reducing outstanding shares from 99 million to 94.7 million [1] - The company has a remaining budget of $6.3 million allocated for further share repurchases [1] - Since July 1st, LiveOne has repurchased an additional 153,000 shares of LVO and 224,000 shares of PODC [1] Group 2 - LiveOne is headquartered in Los Angeles and operates as a creator-first music, entertainment, and technology platform, offering premium experiences and content through memberships and events [2] - The company's subsidiaries include Slacker, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind [2] - LiveOne's services are accessible on various platforms including iOS, Android, Roku, Apple TV, Spotify, and Amazon Fire [2]
LiveOne (NASDAQ:LVO) Launches Multi-Year B2B Partnership with TextNow
GlobeNewswire News Room· 2024-08-19 13:00
Core Insights - LiveOne has entered a multi-year partnership with TextNow, allowing TextNow users to access a year of LiveOne's Plus service at a significant discount, which includes exclusive content programming [1][2][3] Group 1: Partnership Details - The partnership aims to enhance the value proposition for TextNow users by providing an ad-free streaming experience, high-definition audio, unlimited skips, and exclusive shows [2][3] - TextNow's Chief Growth Officer emphasized that this collaboration aligns with the company's mission to deliver innovative and affordable solutions to customers [3] Group 2: Strategic Expansion - LiveOne plans to expand its B2B team from 6 to 10 employees, indicating a strategic focus on growing its business partnerships [1] - LiveOne's CEO highlighted the opportunity to reach a broader audience through this partnership, enhancing the value of their Plus streaming service [3] Group 3: Company Background - TextNow is recognized for revolutionizing the wireless industry by offering affordable mobile services, allowing users to connect without the constraints of traditional carriers [4] - LiveOne is a leading streaming platform known for its diverse array of music, podcasts, and live events, providing an immersive entertainment experience [5]