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LiveOne (NASDAQ: LVO) to Announce Fiscal Year 2025 Financial Results and Host Investor Webcast on Wednesday, June 18, 2025
Globenewswire· 2025-06-05 14:21
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]
LiveOne's (Nasdaq LVO) Splitmind Subsidiary Contributes to 15 BET and AMA Nominations for SZA and GloRilla
Globenewswire· 2025-05-16 14:15
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]