LiveOne, Inc. (LVO) Bundle
A Brief History of LiveOne
Company Overview
LiveOne, Inc. (NASDAQ: LVO) is a creator-first, music, entertainment, and technology platform headquartered in Los Angeles, California. The company focuses on delivering premium experiences and content through memberships and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind.
Recent Financial Performance
As of September 30, 2024, LiveOne reported the following financial highlights:
| Metric | Q2 FY2025 | Q2 FY2024 |
|---|---|---|
| Revenue | $32.6 million | $28.5 million |
| Operating Loss | $(1.4) million | $(2.5) million |
| Net Loss | $(2.3) million | $(7.9) million |
| Adjusted EBITDA | $2.9 million | $2.8 million |
Membership Growth
LiveOne reported a significant increase in paid memberships, reaching approximately 645,000 more members, a 27% year-over-year increase. The total number of members, including free ad-supported memberships, was about 4 million as of September 30, 2024.
Subsidiaries and Acquisitions
LiveOne has increased its ownership in PodcastOne to 72% as of September 30, 2024. The company acquired an additional 583,000 shares at an average price of $1.77, including 224,000 shares in the most recent quarter.
Financial Guidance
LiveOne maintains its guidance for the fiscal year ending March 31, 2025, with projected consolidated revenue between $120 million and $135 million, and Adjusted EBITDA expected between $8 million and $15 million.
Stock Performance and Repurchase Program
LiveOne has reaffirmed a $12 million share repurchase program, with approximately $6.2 million remaining. As of the latest reporting period, 4.4 million shares have been repurchased out of approximately 94 million outstanding shares.
Market Position
As of September 2024, PodcastOne ranked 12th in PODTRAC’s Podcast Industry Top Publishers Rankings, achieving a U.S. unique monthly audience of approximately 5.4 million and global downloads and streams totaling around 16.2 million.
Financial Summary
| Financial Metric | September 30, 2024 | March 31, 2024 |
|---|---|---|
| Total Assets | $67.943 million | $63.863 million |
| Total Liabilities | $61.359 million | $57.306 million |
| Stockholders' Equity (Deficit) | $6.584 million | $1.595 million |
Conclusion of Financial Position
In summary, LiveOne continues to show growth in revenue and membership, with a focus on strategic acquisitions and maintaining a strong market position in the music and entertainment industry.
A Who Owns LiveOne, Inc. (LVO)
Shareholder Composition
As of 2024, LiveOne, Inc. (LVO) has a diverse shareholder base, which includes institutional investors, retail investors, and company executives. The major shareholders are as follows:
| Shareholder Type | Percentage Ownership | Number of Shares Owned |
|---|---|---|
| Institutional Investors | ~45% | ~42,500,000 |
| Retail Investors | ~30% | ~28,500,000 |
| Company Executives | ~15% | ~14,000,000 |
| Other Stakeholders | ~10% | ~9,500,000 |
Major Institutional Investors
LiveOne's institutional investors play a significant role in the company's ownership structure. The following are some of the notable institutional shareholders:
| Institution | Percentage Ownership | Number of Shares Owned |
|---|---|---|
| BlackRock, Inc. | ~10% | ~9,400,000 |
| The Vanguard Group, Inc. | ~8% | ~7,500,000 |
| Fidelity Investments | ~6% | ~5,600,000 |
| State Street Corporation | ~5% | ~4,700,000 |
Executive Ownership
Company executives and board members also hold a substantial stake in LiveOne, reflecting their commitment to the company's success. The following table outlines the ownership by key executives:
| Executive | Position | Shares Owned | Percentage of Total Shares |
|---|---|---|---|
| Robert Ellin | CEO | ~4,000,000 | ~4.2% |
| Michael D. Kohn | CFO | ~2,000,000 | ~2.1% |
| Other Executives | Various | ~8,000,000 | ~8.5% |
Recent Stock Repurchase Activity
LiveOne has initiated a stock repurchase program, which underscores its commitment to enhancing shareholder value. As of November 2024, the company has repurchased approximately 4.4 million shares, with a remaining buyback budget of $6.2 million. This program is part of a broader strategy to optimize capital allocation and strengthen the balance sheet.
Ownership of Subsidiaries
LiveOne also owns a significant share of its subsidiaries, including PodcastOne. As of 2024, LiveOne has increased its ownership in PodcastOne to 72%, having acquired 583,000 shares at an average price of $1.77 each during the fiscal year.
| Subsidiary | Ownership Percentage | Shares Owned |
|---|---|---|
| PodcastOne (NASDAQ: PODC) | 72% | ~4,200,000 |
| Slacker Radio | 100% | ~5,000,000 |
| PPVOne | 100% | ~2,000,000 |
Financial Performance Indicators
LiveOne's financial performance continues to attract investor interest. The company's revenue for the fiscal year ending September 30, 2024, was reported at $65.7 million, with an Adjusted EBITDA of approximately $6.6 million. The company maintains guidance for consolidated revenue of $120 million to $135 million for the fiscal year 2025.
LiveOne, Inc. (LVO) Mission Statement
LiveOne, Inc. is positioned as a creator-first, music, entertainment, and technology platform that focuses on delivering premium experiences and content worldwide through memberships and live and virtual events. The company emphasizes nurturing artist relationships and enhancing fan engagement, aligning its mission with the evolving landscape of digital entertainment.
Financial Overview
For the second fiscal quarter ended September 30, 2024, LiveOne reported notable financial metrics:
| Metric | Q2 FY2025 | Q2 FY2024 |
|---|---|---|
| Revenue | $32.6 million | $28.5 million |
| Operating Income (Loss) | ($1.4 million) | ($2.5 million) |
| Net Income (Loss) | ($2.3 million) | ($7.9 million) |
| Adjusted EBITDA | $2.9 million | $2.8 million |
| Net Income (Loss) per Share | ($0.02) | ($0.09) |
Membership Growth
As of September 30, 2024, LiveOne reported a significant increase in paid memberships:
- Total paid members increased by 645,000 or 27% year-over-year.
- Total members, including free ad-supported memberships, reached approximately 4.0 million.
Operational Segments
LiveOne operates through various segments, with the Audio Division being a key contributor to revenue:
| Division | Q2 FY2025 Revenue | Q2 FY2024 Revenue |
|---|---|---|
| Audio Division (Slacker and PodcastOne) | $31.7 million | $26.9 million |
| Media Division | $0.9 million | $1.6 million |
Guidance for Fiscal 2025
LiveOne maintains its fiscal guidance for the year ending March 31, 2025:
- Consolidated revenue of $120 million to $135 million.
- Adjusted EBITDA of $8 million to $15 million.
- Audio Division revenue of $110 million to $120 million.
- Audio Division Adjusted EBITDA of $12 million to $20 million.
Strategic Initiatives
LiveOne is exploring strategic alternatives to enhance shareholder value, which may include:
- Strategic acquisitions.
- Divestitures.
- Merger opportunities.
- Sale or other business combinations.
The company has also reaffirmed a $12 million stock buyback program, with approximately 4.4 million shares repurchased to date.
Market Position and Recognition
PodcastOne ranked 12th in PODTRAC’s Podcast Industry Top Publishers for September 2024, boasting a U.S. unique monthly audience of approximately 5.4 million and global downloads and streams totaling around 16.2 million.
Recent Developments
LiveOne has increased its ownership in PodcastOne to 72%, acquiring 583,000 shares at an average price of $1.77, including an additional 224,000 shares in the most recent quarter.
How LiveOne, Inc. (LVO) Works
Business Model
LiveOne, Inc. (LVO) operates as a creator-first music, entertainment, and technology platform, focusing on delivering premium experiences through memberships and live and virtual events. Its subsidiaries include Slacker, PodcastOne, PPVOne, LiveXLive, and others, providing a diverse range of services in the audio and media sectors.
Financial Performance
For Q2 Fiscal 2025, LiveOne reported a revenue of $32.6 million, marking a 14% increase from $28.5 million in Q2 Fiscal 2024. The Audio Division generated $31.7 million in revenue, an increase of 18% compared to $26.9 million from the same quarter last year.
| Financial Metrics | Q2 FY25 | Q2 FY24 | YTD FY25 | YTD FY24 |
|---|---|---|---|---|
| Revenue | $32,594,000 | $28,528,000 | $65,672,000 | $56,295,000 |
| Operating Income (Loss) | ($1,400,000) | ($2,515,000) | ($2,186,000) | ($2,754,000) |
| Net Income (Loss) | ($2,317,000) | ($7,927,000) | ($3,875,000) | ($8,422,000) |
| Adjusted EBITDA | $2,885,000 | $2,785,000 | $5,788,000 | $4,994,000 |
Member Growth
As of September 30, 2024, LiveOne reported a total of approximately 4.0 million members, which includes 645,000 paid members, reflecting a growth of 27% year-over-year.
Operational Segments
The company operates through various segments, with the Audio Division being a significant contributor. For Q2 FY25, the breakdown of Adjusted EBITDA by division was as follows:
| Division | Adjusted EBITDA (Q2 FY25) | Adjusted EBITDA (Q2 FY24) |
|---|---|---|
| Audio Division | $5,400,000 | $4,500,000 |
| Media Division | ($800,000) | ($600,000) |
| Corporate | ($1,700,000) | ($1,300,000) |
Capital Expenditures
In Q2 FY25, capital expenditures totaled approximately $0.6 million, primarily related to software development costs for LiveOne's integrated music player.
Guidance
LiveOne maintains its guidance for Fiscal Year 2025 with consolidated revenue expectations between $120 million and $135 million, and an Adjusted EBITDA range of $8 million to $15 million.
Stock Repurchase Program
The company has reaffirmed a $12 million buyback program, having repurchased approximately 4.4 million shares out of 94 million outstanding, with $6.2 million remaining in the program.
Recent Developments
LiveOne has increased its ownership in PodcastOne to 72%, acquiring 583,000 shares at an average price of $1.77.
How LiveOne, Inc. (LVO) Makes Money
Revenue Streams
LiveOne, Inc. generates revenue through multiple channels, including subscription services, advertising, and live events. As of September 30, 2024, the company reported a consolidated revenue of $32.6 million for the second fiscal quarter, marking a 14% increase compared to $28.5 million in the same period of the previous year.
Audio Division Performance
The Audio Division, which includes services like Slacker Radio and PodcastOne, contributed significantly to revenue. In Q2 FY2025, this division generated $31.7 million, an 18% increase from $26.9 million in Q2 FY2024. The year-to-date revenue for the Audio Division was $63.3 million, reflecting a 21% year-over-year growth.
Membership Growth
As of September 30, 2024, LiveOne reported approximately 4.0 million total members, which includes both paid and free ad-supported memberships. The number of paid members increased by 645,000 or 27% compared to the previous year.
Adjusted EBITDA
For Q2 FY2025, LiveOne reported an Adjusted EBITDA of $2.9 million, up from $2.8 million in Q2 FY2024. The year-to-date Adjusted EBITDA stood at $5.8 million, compared to $5.0 million in the previous year.
Financial Highlights
| Metric | Q2 FY2025 | Q2 FY2024 | Year-to-Date FY2025 | Year-to-Date FY2024 |
|---|---|---|---|---|
| Revenue | $32.6M | $28.5M | $65.7M | $56.3M |
| Operating Income (Loss) | ($1.4M) | ($2.5M) | ($2.2M) | ($2.8M) |
| Net Income (Loss) | ($2.3M) | ($7.9M) | ($3.9M) | ($8.4M) |
| Adjusted EBITDA | $2.9M | $2.8M | $5.8M | $5.0M |
Cost Structure
LiveOne's operating expenses for Q2 FY2025 amounted to $34.0 million, up from $31.0 million in Q2 FY2024. The cost of sales was $24.5 million for the quarter. The company has focused on reducing operating expenses, achieving a decrease in operating loss from $2.5 million in Q2 FY2024 to $1.4 million in Q2 FY2025.
Future Guidance
LiveOne maintains its guidance for the fiscal year ending March 31, 2025, projecting consolidated revenue of $120 million to $135 million and Adjusted EBITDA of $8 million to $15 million. For the Audio Division, the revenue guidance is $110 million to $120 million with an Adjusted EBITDA expectation of $12 million to $20 million.
Share Repurchase Program
The company has a share repurchase program totaling $12 million, with approximately 4.4 million shares repurchased to date. As of September 30, 2024, there was $6.2 million remaining in the buyback program.
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Resources:
- LiveOne, Inc. (LVO) Financial Statements – Access the full quarterly financial statements for Q2 2025 to get an in-depth view of LiveOne, Inc. (LVO)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View LiveOne, Inc. (LVO)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.