– Management Guides Slacker Radio to $85M and $20M Adjusted EBITA for FY2025; a 4X Revenue Growth and Increase of $30M Adjusted EBITA since Acquisition in 2018
– Country Music is now a $4B industry accounting for 14% of the music market
LOS ANGELES, CA, April 15, 2024 (GLOBE NEWSWIRE) — via NewMediaWire — LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, continues its commitment to gender and racial diversity in its country music programming and announces results from 5-year initiative.
Jaime Solis, LiveOne’s Head of Content & Programming, says, “Not only have we seen Country listening hold strong with roughly 1/3 of our ATH (aggregate tuning hours) coming from Women in the coveted 25-54 demo, Men, aged 25-54 now make up nearly 50% of our overall Country listening with a 4% jump in ATH from 2019-2023.”
Slacker Radio’s proprietary sequencing technology combines human curation with AI sequencing to create a truly unique listening experience. News, Sports, DJ Cuts, and Artist Stories can be customized and dynamically sequenced across Slacker’s 500+ expertly curated stations for a fraction of the cost relative to traditional radio programming. Slacker Radio owns 30+ patents related to its proprietary sequencing technology. Slacker Radio has over 50 hosted and curated Country radio stations, LVO has streamed over 20 live country events and 60+ artists since 2018, with the biggest names in music including Taylor Swift, Beyoncé, Carly Pearce, Trisha Yearwood, Kelsea Ballerini, Lainey Wilson, Danielle Bradbury, Laci Kaye Booth and many more.
About LiveOne, Inc.
LiveOne, Inc. is an award-winning, creator-first, music, entertainment, and technology platform delivering premium experiences and content worldwide. With subsidiaries like Slacker Radio and PodcastOne, LiveOne has garnered accolades for its innovative approach, including the Best Live Moment award by Digiday for the “Social Gloves” PPV Event.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company’s reliance on one key customer for a substantial percentage of its revenue; the Company’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; the Company’s ability to continue as a going concern; the Company’s ability to attract, maintain and increase the number of its users and paid members; the Company identifying, acquiring, securing and developing content; the Company’s intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company’s ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; the effects of the global Covid-19 pandemic; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2023, Quarterly Report on Form 10-Q for the quarter year ended June 30, 2023, filed with the SEC on August 15, 2023, and in the Company’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and the Company disclaims any obligation to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
For media inquiries, please contact:
LiveOne IR Contact :
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com
LiveOne Press Contact :
LiveOne
press@liveone.com
Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and Twitter at @liveone.
Bay Street News