LiveOne (Nasdaq: LVO) Reports Record 9-Month Revenues of $95.1M
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LiveOne (Nasdaq: LVO) reported record 9-month revenues of $95.1M, with significant growth in its audio division. The company has also closed multiple B2B deals and has a strong pipeline. LiveOne owns a majority stake in PodcastOne (Nasdaq: PODC) and has been actively acquiring shares.
February 13, 2025 | 1:15 pm
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POSITIVE IMPACT
LiveOne reported record revenues of $95.1M for the past 9 months, with a 13% YoY increase in its audio division. The company has closed 5 B2B deals and expects more by year-end, indicating strong business growth.
The record revenue and growth in the audio division, along with successful B2B deals, suggest a positive outlook for LiveOne. The reaffirmed buyback program and cost savings further strengthen its financial position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
LiveOne owns approximately 72% of PodcastOne and has acquired additional shares, indicating confidence in its subsidiary's potential.
LiveOne's continued acquisition of PodcastOne shares suggests a strategic investment in its subsidiary, which could positively impact PodcastOne's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 70