LiveOne's (Nasdaq: LVO) Partnership with Tesla Exceeds 450k Users, Including 100k+ New Ad-Supported Users

Company Performance and Milestones - LiveOne has reached a milestone of 450,000+ Tesla users, with over 100,000 being free ad-supported users [3] - Tesla users average 2.8x engagements and spend 50+ minutes of in-vehicle listening daily [3] - The upgraded Tesla partnership has proven 12 years of customer loyalty and love [7] Strategic Partnerships and Growth - The company is focusing on game-changing B2B partnerships with $1 billion to trillion-dollar companies, leveraging their customer databases and LiveOne's expertise in orbital programming [5] - The Tesla partnership showcases the potential of B2B deals, delivering unique content and programming to drive user engagement, retention, and loyalty [10] - Multiple B2B partnership announcements are anticipated this year [10] Business Model and Offerings - LiveOne is a creator-first, music, entertainment, and technology platform delivering premium experiences and content worldwide through memberships and live/virtual events [5] - The company's subsidiaries include Slacker Radio, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind [5] - LiveOne is available in Tesla vehicles and on various platforms including iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and STIRR's OTT applications [5] Forward-Looking Statements - The company's forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from expectations [2] - These statements include potential financing, acquisitions, spin-outs, mergers, special dividends, and other transactions, as well as the company's ability to maintain compliance with financial covenants and implement its growth strategy [2]