LiveOne Announces Total Memberships Surpass 3.9M; Tesla Membership Boasts 26% YoY Growth; New Paid Members Increase Over 225K In Fiscal Year 2025 And 64K In July 2024; Total Membership: Grew 23% YoY
Portfolio Pulse from Benzinga Newsdesk
LiveOne (NASDAQ:LVO) announced that its total memberships have surpassed 3.9 million, with a 23% year-over-year growth. Tesla memberships grew by 26% YoY, and new paid members increased by over 225,000 in Fiscal Year 2025 and 64,000 in July 2024. The B2B pipeline expanded to 63, including four new partnerships to be announced.
August 09, 2024 | 12:05 pm
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LiveOne (NASDAQ:LVO) reported significant growth in memberships, with total memberships surpassing 3.9 million and a 23% YoY increase. Tesla memberships grew by 26% YoY, and new paid members increased by over 225,000 in Fiscal Year 2025 and 64,000 in July 2024. The B2B pipeline expanded to 63, including four new partnerships to be announced.
The significant growth in memberships and the expansion of the B2B pipeline are positive indicators for LiveOne's future revenue streams. The 23% YoY growth in total memberships and the 26% YoY growth in Tesla memberships highlight strong user engagement and market penetration. The increase in new paid members further supports a positive outlook for the company's financial performance.
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