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LiveOne (LVO) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2025-02-13 15:16
Core Viewpoint - LiveOne reported a quarterly loss of $0.03 per share, consistent with the Zacks Consensus Estimate, and the same loss as the previous year [1] - The company missed revenue expectations, posting $29.45 million, which is a 9.93% shortfall compared to the consensus estimate and a decline from $31.25 million year-over-year [2] Group 1: Financial Performance - LiveOne's quarterly loss was $0.03 per share, matching the Zacks Consensus Estimate, and reflecting no change from the previous year's loss [1] - The company reported revenues of $29.45 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 9.93% and down from $31.25 million a year ago [2] - Over the last four quarters, LiveOne has not surpassed consensus EPS estimates and has only topped revenue estimates once [2] Group 2: Stock Performance and Outlook - LiveOne shares have decreased by approximately 19.7% since the beginning of the year, contrasting with the S&P 500's gain of 2.9% [3] - The future performance of LiveOne's stock will largely depend on management's commentary during the earnings call and the earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $26.43 million, and for the current fiscal year, it is -$0.11 on revenues of $124.79 million [7] Group 3: Industry Context - The Audio Video Production industry, to which LiveOne belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Historical data suggests that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]
LiveOne (Nasdaq: LVO) Reports Record 9-Month Revenues of $95.1M
GlobeNewswire News Room· 2025-02-13 13:00
Core Insights - LiveOne reported a revenue of $29.4 million for Q3 Fiscal 2025, a 6% decrease from $31.2 million in Q3 Fiscal 2024 [3][4] - The company is exploring strategic alternatives to enhance shareholder value, which may include acquisitions or mergers [2] - LiveOne's operating loss for Q3 Fiscal 2025 was $5.1 million, compared to a loss of $0.8 million in the same quarter last year [5] Financial Performance - Revenue for the nine months ended December 31, 2024, was $95.1 million, up from $87.5 million in the same period in 2023 [3][25] - Adjusted EBITDA for Q3 Fiscal 2025 was $1.5 million, down from $3.3 million in Q3 Fiscal 2024 [6][29] - The Audio Division generated revenue of $27.1 million in Q3 Fiscal 2025, a slight decrease of 1% from $27.3 million in Q3 Fiscal 2024 [4][8] Operational Highlights - LiveOne's Audio Division recorded a total revenue of $90.6 million for the year, representing a 13% year-over-year increase [8] - The company closed five B2B deals and expects to finalize more by year-end, with over 70 deals in the pipeline [8] - As of December 31, 2024, LiveOne had $10.9 million in cash and reaffirmed a $12 million stock buyback program, with $6.2 million remaining [8] User Growth and Engagement - The total number of paid and monthly active ad-supported users exceeded 800,000 in January 2025, with direct-billed premium subscribers increasing by 78% since October 2024 [9] - LiveOne's partnership with Tesla has significantly contributed to user growth, with over 100,000 new subscribers added following a presentation at Mar-a-Lago [9] Future Guidance - LiveOne updated its fiscal year 2025 guidance to a consolidated revenue range of $112 million to $120 million and Adjusted EBITDA of $6 million to $10 million [10]
LiveOne's (NASDAQ: LVO) SMYLE Coffee Sells Out in Record Time: Strong Start to Its Entry into the $100B Coffee Market
GlobeNewswire· 2025-02-11 13:00
Core Insights - LiveOne, Inc. has launched SMYLE Coffee in collaboration with rapper KYLE, which has already sold out its initial inventory [1][2] - The coffee is available in two varieties, Cheeky and Ear-to-Ear, each sold in 12 oz bags [2] - LiveOne is a creator-first platform focused on music, entertainment, and technology, with various subsidiaries and a wide distribution network [3] Company Overview - LiveOne is headquartered in Los Angeles, CA, and operates as a music and entertainment platform delivering premium experiences through memberships and events [3] - The company’s subsidiaries include Slacker Radio, PodcastOne, and others, and it is accessible on multiple platforms including Tesla vehicles and various streaming services [3] Product Details - SMYLE Coffee is marketed through its website SmyleCoffee.com, and customers can follow @SmyleCoffee on Instagram for updates on product availability [2]
LiveOne (NASDAQ: LVO) to Announce Third Quarter Fiscal Year 2025 Financial Results and Host Investor Webcast on Friday, February 14, 2025
GlobeNewswire· 2025-02-07 13:00
Core Points - LiveOne plans to announce its operating and financial results for the third quarter of fiscal year 2025 on February 14, 2025 [1][2] - The announcement will be accompanied by a live conference call and audio webcast hosted by senior management [2] Company Overview - LiveOne is headquartered in Los Angeles, CA, and operates as a creator-first music, entertainment, and technology platform [4] - The company focuses on delivering premium experiences and content through memberships and live and virtual events [4] - LiveOne's subsidiaries include Slacker Radio, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind [4] - The platform is accessible in various formats, including Tesla vehicles and multiple streaming services [4]
PodcastOne (PODC) to Host Third Quarter Fiscal Year 2025 Financial Results Conference Call on Wednesday, February 12, 2025, at 11:30 a.m. Eastern Standard Time
Newsfilter· 2025-02-05 13:30
LOS ANGELES, Feb. 05, 2025 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ:PODC), a leading publisher and podcast sales network plans to announce its operating and financial results for its third quarter fiscal year 2025 ended December 31, 2024, on Wednesday, February 12, 2025. PodcastOne President, Kit Gray, and Chief Financial Officer, Aaron Sullivan will host the conference call, followed by a question-and-answer session. To access the call, please use the following information: Third Quarter Fiscal Year 2025 Ear ...
LiveOne & Telly Collaborate to Bring Dual-Screen Experience to Users
ZACKS· 2025-02-04 15:11
LiveOne, Inc. (LVO) has teamed up with Telly, the world’s smartest TV available free of cost, to offer users an unmatched dual-screen audio and entertainment experience. This partnership allows Telly’s users to enjoy music or podcasts on the secondary "Smart" display while watching their favorite content on the primary "Theater" screen.LiveOne becomes the first dual-screen-enabled audio app on Telly, making multitasking and home entertainment more seamless than ever. Telly users can enjoy a seamless, accoun ...
LiveOne (NASDAQ: LVO) and Telly Partner to Elevate the Home Entertainment Experience
Newsfilter· 2025-02-03 13:00
LOS ANGELES, Feb. 03, 2025 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ:LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today that it has partnered with Telly, the world's smartest TV offered at the revolutionary price of free, to deliver an unmatched dual-screen audio and entertainment experience to Telly users. Seamless Integration & Unique Dual-Screen ExperienceLiveOne is the first dual-screen-enabled audio app available on Telly televisions, allowing users to enjoy ...
UPDATE: LiveOne (Nasdaq: LVO) to Present Business Update at Trump Mar-a-Lago Today
GlobeNewswire· 2025-01-31 14:05
- Highlighting a 55% Increase in Tesla Users, Now Over 700K+ Since Jan. 1st - Including 350K+ Ad-Supported Tesla Users - $40+M in New B2B Partnerships, including Amazon - B2B Pipeline Expands to Over 70 Companies LOS ANGELES, Jan. 31, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, is pleased to report Chairman and CEO, Robert Ellin, will be presenting at Trump Mar-a-Lago, Florida, January 31st, a business update highlighting th ...
LiveOne (Nasdaq: LVO) to Present Business Update at Trump Mar-O-Lago Today
Newsfilter· 2025-01-31 13:00
- Highlighting a 55% Increase in Tesla Users, Now Over 700K+ Since Jan. 1st - Including 350K+ Ad-Supported Tesla Users - $40+M in New B2B Partnerships, including Amazon - B2B Pipeline Expands to Over 70 Companies LOS ANGELES, Jan. 31, 2025 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ:LVO), an award-winning, creator-first, music, entertainment, and technology platform, is pleased to report Chairman and CEO, Robert Ellin, will be presenting at Trump Mar-O-Lago, Florida, January 31st, a business update highlighting tha ...
PodcastOne (NASDAQ: PODC) Moves Network of Programming to Amazon's Podcast Hosting Service ART19
Newsfilter· 2025-01-30 13:00
Initiative Drives Operational Efficiencies and Unlocks New Growth Possibilities for Podcasters and Advertisers LOS ANGELES, Jan. 30, 2025 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ:PODC), a leading publisher and podcast sales network, announced today that it has moved its existing network of programming to hosting service ART19, the podcast distribution and monetization service that lets customers manage content and ad operations in one place. The move streamlines PodcastOne's hosting capabilities, while drivin ...