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LiveOne (Nasdaq: LVO) Accelerates Revenue Growth with Intuizi AI, Driving Tesla Subscriber Conversions
Globenewswire· 2025-11-03 13:30
Core Insights - LiveOne, Inc. has successfully launched a partnership between its subsidiary Slacker and AI platform Intuizi to enhance customer acquisition through AI-driven marketing intelligence [2][3] - The collaboration aims to boost the adoption of Slacker's Plus and Premium subscription tiers, particularly targeting the automotive segment [2] - LiveOne plans to expand this AI-driven marketing initiative into other sectors such as retail, carriers, social media platforms, streaming services, and hospitality to further scale subscriber acquisition and engagement [3] Financial Performance - Tesla ad-supported subscribers have increased to over 1 million in the past year [5] - Average Revenue Per User (ARPU) has seen a 60% increase, now exceeding $5 [5] - Subscription engagement has risen by over 31% since the launch of the ad-supported model [5] - Plus/Premium conversions have increased by more than 22% since the launch [5]
LiveOne (Nasdaq: LVO) to Launch Subsidiary LiveOneAfrica in Partnership with Virtuosity Music Group
Globenewswire· 2025-10-20 11:00
Core Insights - LiveOne, Inc. has signed a Letter of Intent to launch LiveOneAfrica, aiming to expand into a rapidly growing music and entertainment market in Africa [1] - The partnership with Virtuosity Music Group will facilitate raising $20 million to support strategic initiatives in Europe and Africa, including digital infrastructure and artist partnerships [2][3] - The collaboration aims to connect LiveOne's technology with the vibrant African creative market, enhancing the global presence of African music [4] Company Overview - LiveOne is a leading music, entertainment, and social platform headquartered in Los Angeles, focused on delivering premium livestreams and original content worldwide [5] - The company operates various subsidiaries, including Slacker and PodcastOne, and offers services across multiple platforms such as iOS, Android, and Roku [5] Market Potential - The African music market is recognized as one of the fastest-growing segments globally, with significant opportunities for digital content and live events [4] - The partnership with UK Structured Finance Ltd highlights institutional confidence in the potential of LiveOneAfrica, leveraging their expertise in capital formation [3][7]
LiveOne (Nasdaq: LVO) Regains Compliance with Nasdaq Listing Requirements
Globenewswire· 2025-10-14 13:46
Core Points - LiveOne has regained compliance with Nasdaq Listing Rule 5550(a)(2), indicating the company has maintained the required minimum bid price for the necessary number of consecutive business days [1][4] - The company views this compliance as a significant milestone that reflects its commitment to delivering shareholder value and aims to attract a broader base of institutional investors [2][4] Company Overview - LiveOne is headquartered in Los Angeles, CA, and operates as a creator-first music, entertainment, and technology platform, focusing on premium experiences and content through memberships and live/virtual events [2] - The company's subsidiaries include Slacker, PodcastOne, PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind [2] Financial Position - LiveOne's stock now meets all Nasdaq listing requirements, reaffirming its financial and operational stability [4] - The company continues to execute its buyback program, with $5.5 million remaining [4] - LiveOne is well-positioned to attract institutional investors and increase market liquidity [4]
LiveOne (NASDAQ: LVO) Partners With METAvivor to Fund Metastatic Breast Cancer Research, Live Streaming #LightUpMBC Live on October 13, 2025
Globenewswire· 2025-10-09 12:00
Core Insights - LiveOne is collaborating with LightUpMBC for a global livestream event on October 13, 2025, to benefit METAvivor Research and Support, Inc., focusing on metastatic breast cancer awareness and research funding [1][2][3] Group 1: Event Details - The LightUpMBC Live event will feature performances by Broadway stars and other artists, including Ann Hampton Callaway, Bootsy Collins, and Em Beihold [1][5] - The event will illuminate 270 landmarks across all 50 U.S. states and internationally, symbolizing hope and remembrance for those affected by metastatic breast cancer [2][3] Group 2: Company Performance - LiveOne has achieved significant streaming milestones, reaching over 200 million viewers and generating over $27.5 million in streaming revenue with an EBITDA of $4.5 million [1] - The company operates a creator-first music and entertainment platform, providing premium experiences through memberships and live events [4]
LiveOne (Nasdaq: LVO) to Stream BKFC Ice Wars 3: Bare Knuckle Brawls LIVE from Amerant Bank Arena to Fans in Over 200 Countries
Globenewswire· 2025-10-02 12:00
Core Insights - LiveOne has announced its continued partnership with BKFC Ice Wars to present "BKFC Ice Wars 3: Bare Knuckle Brawls" [2][4] - The event will take place on October 10, 2025, featuring 10 bouts and streamed live from Amerant Bank Arena in Florida [3][4] - This event marks the first legally sanctioned bare-knuckle fights on ice in Florida and globally [3][4] Company Overview - LiveOne is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, CA, focused on delivering premium experiences through memberships and live events [7] - The company operates several subsidiaries, including Slacker and PodcastOne, and is available on multiple platforms such as iOS, Android, and Roku [7] Industry Context - BKFC Ice Wars combines combat sports and ice hockey, creating a unique spectacle that has gained global attention [5] - The event is seen as a cultural moment, pushing the boundaries of combat sports with the inclusion of the first women's bare-knuckle bout on ice [4][6] - BKFC Ice Wars has evolved from an ambitious idea into a global phenomenon, showcasing athletes' skills to millions of fans [4]
PodcastOne (NASDAQ: PODC) Releases Preliminary Record Adjusted EBITDA* for Q2 Fiscal 2026
Globenewswire· 2025-10-01 12:00
Core Insights - PodcastOne announced preliminary financial results for Q2 Fiscal 2026, highlighting significant growth in revenue and adjusted EBITDA [1][5] - The company reported over $14.5 million in revenue, representing a 19% year-over-year increase, and adjusted EBITDA exceeding $1 million, a 348% increase year-over-year [5] Financial Performance - Revenue for Q2 Fiscal 2026 reached $14.5 million, marking a 19% increase compared to the previous year [5] - Adjusted EBITDA was reported at over $1 million, reflecting a substantial 348% increase year-over-year [5] - PodcastOne maintained a 9 ranking on Podtrac's Top 10 Publishers rankings for nine consecutive months [5] Company Overview - PodcastOne is a leading podcast platform with over 3.9 billion total downloads and a community of 200 top podcasters [3] - The company has a distribution network that generates over 1 billion monthly impressions across various channels, including YouTube, Spotify, and Apple Podcasts [3] - PodcastOne also offers customizable production packages through its subsidiary, PodcastOne Pro [3]
LiveOne (Nasdaq: LVO) Issues Stockholder Letter
Globenewswire· 2025-10-01 11:45
Core Viewpoint - LiveOne is committed to enhancing stockholder value through strategic initiatives, financial restructuring, and growth opportunities in the music and entertainment industry [1][2]. Financial Position - LiveOne has over $18 million in cash, including $5 million in Bitcoin, which provides a solid foundation for future growth and investment [5]. - The company completed a $10 million common stock equity financing at $7.50 per share, strengthening its balance sheet [8]. - LiveOne reported preliminary Q1 Fiscal 2026 record Adjusted EBITDA of over $1 million, a 348% increase year-over-year, and revenue of over $14.5 million, a 19% increase year-over-year [9]. Recent Key Achievements - Successfully completed a $45 million restructuring initiative, resulting in significant cost savings [2]. - Reduced workforce from over 300 to 95 employees, leveraging AI for efficiency [8]. - Eliminated $14 million in short-term liabilities and repurchased $6.5 million in stock, with $5.5 million remaining in its buyback program [8]. - Acquired 347,000 additional shares of PodcastOne [8]. - Closed six B2B deals generating $50 million in revenue, with 72 potential B2B deals in the pipeline [9]. Strategic Initiatives - LiveOne is exploring strategic options to increase stockholder value, including consolidation, sale, or merger opportunities [9]. - The board approved up to $500 million treasury authorization to expand LiveOne's crypto asset treasury strategy [8]. - The company is expanding its Web3 strategy by tokenizing and monetizing over 10,000 hours of video content on the blockchain [8]. Valuation Opportunity - LiveOne's stock is considered significantly undervalued, trading at approximately 60% of revenues compared to the industry average multiple of 3.3x revenues [13]. - Senior management and board members have committed to purchasing up to $3 million worth of LiveOne shares, reflecting confidence in the company's future prospects [13]. Future Plans - LiveOne recently completed a reverse stock split to maintain its Nasdaq listing and strengthen its market position [12]. - The company intends to continue its aggressive stock buyback program to enhance stockholder value [16]. - LiveOne is increasing live events, with historical events generating significant revenue [16].
PodcastOne’s (NASDAQ: PODC) The Adam Carolla Show Podcast Celebrates 4000th Episode
Globenewswire· 2025-09-18 12:00
Core Insights - The Adam Carolla Show has reached a significant milestone of 4,000 episodes, marking it as one of the few podcasts globally to achieve this feat [2][4] - Adam Carolla was inducted into the Podcast Hall of Fame in 2024, highlighting his influence and contributions to the podcasting industry [2][4] - PodcastOne, the publisher of The Adam Carolla Show, has surpassed 3.9 billion total downloads and has a community of 200 top podcasters [7] Company Achievements - The Adam Carolla Show has been a leading podcast since its launch in 2009, consistently ranking in the Top 20 for over a decade [5] - The show has pioneered the concept of live podcast recordings in front of ticketed audiences, enhancing its popularity and engagement [5] - Adam Carolla has leveraged his podcast success to become a New York Times bestselling author with six published non-fiction books [5] Industry Context - PodcastOne is recognized as a leading podcast platform, providing a comprehensive solution for creators and advertisers in sales, marketing, public relations, production, and distribution [7] - The platform features a diverse range of top-ranked podcasts across various genres, including news, comedy, true crime, sports, and culture [6] - PodcastOne's distribution network reaches over 1 billion monthly impressions across multiple channels, including YouTube, Spotify, and Apple Podcasts [7]
LiveOne (Nasdaq: LVO) Surpasses $5M in Bitcoin Holdings
Globenewswire· 2025-09-12 15:03
Core Insights - LiveOne has increased its Bitcoin holdings to over $5 million, indicating a strategic focus on digital assets for diversification and long-term growth [1][2] - The company has acquired an additional 347,000 shares of PodcastOne, bringing its total holdings to approximately 2.1 million shares since PodcastOne became public [1][4] Company Strategy - The Chairman and CEO of LiveOne emphasized the importance of Bitcoin in the company's treasury strategy, highlighting a commitment to responsibly expand digital asset holdings while innovating in music, entertainment, and Web3 initiatives [2] - LiveOne aims to implement a $500 million treasury yield strategy and plans to tokenize and monetize over 10,000 hours of video content on the blockchain [4] Company Overview - LiveOne is headquartered in Los Angeles, CA, and operates as a creator-first music, entertainment, and technology platform, offering premium experiences and content through memberships and live/virtual events [2] - The company's subsidiaries include Slacker, PodcastOne, PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind, showcasing a diverse portfolio in the entertainment sector [2]
PodcastOne (NASDAQ: PODC) Raises Fiscal 2026 Adjusted EBITDA* Guidance to $4.5-6M on $55-60M Revenues
Globenewswire· 2025-09-12 12:00
Company Overview - PodcastOne (Nasdaq: PODC) is a leading podcast platform that offers a comprehensive solution in sales, marketing, public relations, production, and distribution for creators and advertisers [2] - The platform has achieved over 3.9 billion total downloads and has a community of 200 top podcasters [2] - PodcastOne's distribution network reaches over 1 billion monthly impressions across various channels, including YouTube, Spotify, Apple Podcasts, and iHeartRadio [2] Financial Guidance - PodcastOne has updated its guidance for the fiscal year ending March 31, 2026, expecting Adjusted EBITDA of $4.5-6 million on revenue of $55-60 million [1] - LiveOne has acquired an additional 347,000 shares of PodcastOne, increasing its total acquisitions to approximately 2.1 million shares at an average price of $2.11 since PodcastOne went public [1] Non-GAAP Financial Measures - The company presents non-GAAP financial measures such as Contribution Margin and Adjusted EBITDA to evaluate performance, which are not intended to replace GAAP measures [4][5] - Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, and amortization, excluding certain non-recurring expenses and stock-based compensation [7] - The variability of certain items excluded from Adjusted EBITDA may significantly impact future GAAP financial results, making a quantitative reconciliation challenging [8]