LiveOne (Nasdaq: LVO) is an award-winning, creator-first music, entertainment, and technology platform that delivers premium experiences and content worldwide through memberships and live and virtual events.
LiveOne’s wholly-owned subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications.
“Live One is thrilled to announce our anticipated record-breaking Q1 FY2025 results, driven by strong revenue growth and cost savings initiatives,” said CEO and Chairman Robert Ellin. “With a solid cash position and expanded share buyback program, we’re poised for continued success.”
Just the Facts, Ma’am. In the Beginning…
MTV debuted just after midnight on August 1, 1981, with the broadcast of “Video Killed the Radio Star” by the Buggles. Following the format of Top 40 radio, video disc jockeys (or “veejays”) introduced videos and bantered about music news between clips. After an initial splash, the network struggled in its early years.
Music Video Production Market size was valued at USD 13.57 Billion in 2024 and is projected to reach USD 24.74 Billion by 2031, growing at a CAGR of 7.80% during the forecast period 2024-2031.
In 2024, Live One owes its success and provenance to its predecessors. In 1981, there were no cell phones, only Walkmans, to enjoy music on the go. It seems quite primitive now, as it will likely seem in another 30-40 years.
While the delivery modes morphed, the music and videos endured. And LiveOne has some impressive numbers.
Revenue and growth numbers projected to continue investment potential;
- Expected Record Revenue of $33.1M for Q1 FY2025, up 20% from Q1 FY2024
- Expected Adjusted EBITDA* of $2.9M, up 31% over Q1 FY2024
- Guides positive cash flow from core operating business of $17.5M for the fiscal year ending March 31, 2025 (“FY2025”)
- Realized annualized cost savings of approximately $5M for Q1 FY2025 and ended Q1 FY2025 with over $10M cash position
- Company expands share repurchase program from $10M to $12M
Of course, the difference between it and its predecessors is the incredibly vast array of entertainment and infotainment material, including a huge podcast library.
Instead of trolling for material like previous entertainment platforms, LVO offers a choice of audio and visual content and the ability to customize the experience.
For example, LiveOne just announced a deal with highly popular medium Jonathan Mark. Sought worldwide, Mark has consulted with Law Enforcement in high-profile cases such as the infamous Gabby Petito case, and recently, he aided in cracking the Gilgo Beach case, a series of killings between 1996 and 2011 in which the remains of 11 people were found in Gilgo Beach, located on the South Shore of Long Island, New York.
With the phenomenal growth of iPhones et al., entertainment needs are almost limitless. There is little disagreement that this sector’s combined components arguably set up robust, ongoing profitability.
LIVE ONE, INC. ANNUAL REVENUE (Fiscal Year ends March 31)
2018 – $7.2M
2019 – $33.7M
2020 – $38.7M
2021 – $65.2M
2022 – $117M
2023 – $99.6M
2024 – $114M – $120M*
- Reported Q3 FY2024 (ended 12/31/2023) Consolidated Revenue of $31.2M and Adjusted EBITDA* of $3.3M
• Reported 1st nine months FY2024 (ended 12/31/2023) Consolidated Revenue of $87.5M and Adjusted EBITDA* of $8.2M
• Full FY2024 (ending 3/21/2024) Guidance for Consolidated Revenue of $114M – $120M and Adjusted EBITDA* of $12M – $16M
• Audio Division (Slacker and PodcastOne) Reported 1st Nine Months FY2024 Revenue of $79.9M and Adjusted EBITDA* of $13.0M
• Audio Division Full FY2024 Guidance for Revenue of $105M – $110M and Adjusted EBITDA* of $18.5M – $21M
• Record Consolidated Adjusted EBITDA* of $10.9M for Full FY2023 – a $24.4M Improvement – Revenue of $99.6M
• Repurchased 3.7 million shares of common stock under its Share Stock Repurchase Program as of February 23, 2024, leaving capacity to repurchase an additional ~ $5.75M worth of shares
• Shares of common stock outstanding as of March 8, 2024, was 88.33 million
• Analyst Coverage: ROTH, Ladenburg, and Alliance Global Partners
The above was copied from the LiveOne website: do not use up too much of your time by loading up with hearsay and factoids. The fact is that LiveOne is the ultimate platform that gives its development to those who came before.
LVO has great proven profit potential as the sector grows. And grows.
And GROWS
This piece is merely an intro.
Stay tuned (see how I did that?) lots more.
