LiveOne Renews Partnership With Tesla Through May 2026; Launches LiveOne 2.0 And Expects 3x Increase In ARPU; Adjusts FY25 Revenue Guidance To $120M-$135M With $8M-$15M Adjusted EBITDA
Portfolio Pulse from Benzinga Newsdesk
LiveOne has renewed its partnership with Tesla until May 2026, launched LiveOne 2.0, and expects a threefold increase in ARPU. The company has adjusted its FY25 revenue guidance to $120M-$135M with an adjusted EBITDA of $8M-$15M.
October 01, 2024 | 2:02 pm
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POSITIVE IMPACT
LiveOne has renewed its partnership with Tesla, launched LiveOne 2.0, and expects a significant increase in ARPU. The company has adjusted its FY25 revenue guidance upwards.
The renewal of the partnership with Tesla and the launch of LiveOne 2.0 are likely to drive growth, as indicated by the expected increase in ARPU and adjusted revenue guidance. This positive outlook is likely to boost investor confidence in LiveOne.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Tesla has renewed its partnership with LiveOne until May 2026, which may enhance its in-car entertainment offerings.
While the partnership renewal with LiveOne may enhance Tesla's in-car entertainment, it is not a major factor likely to impact Tesla's stock price significantly in the short term.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30