LOS ANGELES - LiveOne (NASDAQ:LVO) announced today an expansion of its AI-driven marketing campaign aimed at converting over 1.1 million free subscribers into paid users, according to a press release statement.
The music and entertainment platform reported that user engagement exceeds 59 minutes daily, with subscriber trends showing improvement for two consecutive months. The company is working to convert Tesla dashboard users into paid members through its in-vehicle app, which features over 500 music channels and more than 200 podcasters.
"We are seeing strong engagement trends across the platform and believe our expanded AI-driven marketing initiatives position us to unlock significant value from our large base of free subscribers," said Robert Ellin, Chairman and CEO of LiveOne.The company’s stock has surged 47% over the past six months, though InvestingPro analysis suggests shares are currently trading above their Fair Value. With a market cap of $93 million and revenue of $77.5 million over the last twelve months, LiveOne faces financial headwinds including a 38% revenue decline and negative free cash flow of $16 million.
The company stated it is launching AI-driven marketing initiatives with several technology partners, including Claude, Meta Platforms, LiveRamp, Jasper, AdCreative.ai, Persado, Mutiny and connected TV advertising partners.InvestingPro subscribers have access to over 10 additional exclusive tips for LVO, plus comprehensive Pro Research Reports covering 1,400+ US equities with actionable intelligence for smarter investing decisions.
LiveOne operates as a music, entertainment and technology platform with subsidiaries including Slacker, PodcastOne (NASDAQ:PODC), PPVOne, Custom Personalization Solutions, LiveXLive and DayOne Music Publishing. The platform is available on multiple devices including iOS, Android, Roku, Apple TV, Samsung, Amazon Fire and Android TV.
The company is headquartered in Los Angeles and provides content and live and virtual events. Ellin noted that the company’s AI and business-to-business initiatives are intended to create additional monetization pathways.
In other recent news, LiveOne has announced fiscal year 2026 revenue guidance between $82 million and $90 million, with adjusted EBITDA projected at $5 million to $10 million. The company also converted more than $15 million of payables into common stock at $7.50 per share, expecting all key subsidiaries to be adjusted EBITDA positive, excluding corporate overhead, for fiscal 2026. Additionally, LiveOne has updated its fiscal 2027 guidance, projecting similar revenue figures and adjusted EBITDA for the year ending March 31, 2027. LiveOne’s subsidiary, PodcastOne, received approximately $5.5 million from the exercise of warrants, which will be used to support acquisitions and expand various divisions. The company has also partnered with Team Boxing League to stream over 60 live boxing events globally, with the first matches already scheduled. These developments highlight LiveOne’s strategic initiatives and financial projections for the coming years.
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