LiveOne Announces 25% Year-Over-Year Increase, Surpassing 3.8M Total Members
Portfolio Pulse from Benzinga Newsdesk
LiveOne announces a 25% year-over-year increase in total membership, surpassing 3.8 million members. Tesla membership reaches 1.8 million with a 32% growth. Projected membership growth exceeds 1 million in 2024. The B2B pipeline expands with four major partnerships to be announced.
June 10, 2024 | 12:31 pm
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LiveOne reports a significant 25% year-over-year increase in total membership, surpassing 3.8 million members. Tesla membership also shows strong growth, reaching 1.8 million with a 32% increase. The company projects over 1 million new members in 2024 and plans to announce four major B2B partnerships.
The significant year-over-year growth in membership and the strong performance of Tesla membership indicate positive momentum for LiveOne. The projection of over 1 million new members in 2024 and the upcoming announcement of four major B2B partnerships further bolster the company's growth prospects, likely leading to a positive short-term impact on the stock price.
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