LiveOne, Inc. (NASDAQ: LVO)

LiveOne, Inc. is an award winning creator first music entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The company pioneers the acquisition distribution and monetization of live music events Internet radio podcasting and vodcasting and music related membership streaming and video content. Through its comprehensive service offerings and innovative content platform LiveOne enables music fans to listen watch attend engage and transact. LiveOne operates under a flywheel model that integrates services to serve and monetize superfans through multiple revenue streams and product offerings.

LiveOne generates revenue from subscription based membership services advertising sales licensing and sponsorship of live music and podcast content pay per view events and retail sales of personalized merchandise and gifts. The company offers free ad supported streaming music as well as premium paid subscriptions that provide access to millions of songs expert curated radio stations and exclusive original content. Advertising revenue comes from brands that sponsor live events podcasts and video content displayed across platforms while licensing and sponsorship fees are received from festival owners promoters and music rights holders for performance distribution. Pay per view revenue is charged to users for special digital concerts festivals and exclusive performances and retail revenue comes from the sale of customized jewelry apparel home goods and seasonal gifts through its merchandising subsidiaries.

The company operates through three reportable segments PodcastOne Slacker and Media Group. PodcastOne encompasses the podcasting business Slacker comprises the music streaming service and Media Group includes the LiveOne live streaming platform the merchandising operations and related music publishing and artist development activities.

• PodcastOne: This segment operates a leading podcasting platform reaching over 1,000,000,000 listeners monthly across its own properties the LiveOne platform Spotify Apple Podcasts iHeartRadio Samsung and Tesla vehicles. It produces over 200 exclusive podcasts and more than 300 episodes per week generating over 204,000,000 downloads in the fiscal year ended March 31, 2025. The segment also offers visual enhancements via Adori technology integrating augmented reality elements call to action buttons and multi format ads into YouTube streams and owns LaunchpadOne a free self publishing platform for independent podcasters.

• Slacker: This segment offers a music streaming service providing seamless access to millions of songs expert curated radio stations and original content. Users can listen via a free ad supported tier or a premium subscription that unlocks extra features and uninterrupted playback. Advertising revenue comes from brands alongside the free service while subscription fees are collected from paid tier members. The platform is available on mobile devices desktop computers smart TVs and automotive systems through agreements with original equipment manufacturers such as Tesla Verizon and T Mobile. Slacker also licenses its technology on a white label basis allowing partners to brand the music player with their own interface.

• Media Group: This segment consists of the LiveOne live streaming platform broadcasting live music festivals concerts and events worldwide and the merchandising operations via Custom Personalization Solutions Inc which designs manufactures and sells personalized jewelry apparel home goods and seasonal gifts. It also includes DayOne Music Publishing Drumify and Splitmind handling music publishing artist development and brand building. Media Group earns revenue from pay per view events licensing of live content and sponsorships from brands such as Volkswagen Hyundai Facebook TikTok Porsche and Pepsi.

LiveOne is recognized as an early mover in the acquisition distribution and monetization of live music events Internet radio podcasting and related media. The company has strong ties with major music labels festival organizers and owners such as Anschutz Entertainment Group and Live Nation Entertainment and works closely with OEMs including Tesla Verizon and T Mobile. LiveOne’s proprietary podcast CMS provides differentiated analytics and monetization tools setting it apart from Megaphone Art19 and SimpleCast. The firm holds over 40 patents covering media playback user personalization and data management supporting its technology leadership.

LiveOne’s customer base includes individual music fans worldwide OEMs such as Tesla Verizon and T Mobile festival and event partners and major cable networks. The company streams its music service to North American listeners and provides live production and content curation to festivals and promoters. Retail customers obtain personalized jewelry apparel home goods and seasonal gifts through its merchandising subsidiaries.