LiveOne, Inc. partners with Tesla to launch LiveOne 2.0 platform, but lowers revenue guidance

From Nasdaq: 2024-10-07 09:34:00

LiveOne, Inc. partners with Tesla, Inc. to improve user experience. LiveOne 2.0 platform to launch, offering music access across devices for 1.9 million subscribers. Tesla to stop subsidizing LiveOne products for some customers by 2024 but offers discounted packages. Financial performance to be impacted, revised fiscal 2025 revenue guidance lowered.

LiveOne, Inc. lowers fiscal 2025 revenue and EBITDA guidance. Company commits to $12 million buyback program, retires 4.2 million shares. Strategic focus on B2B deals, reporting Q1 fiscal 2025 revenues of $33.1 million. Extended partnership with Tesla may boost revenues, but long-term viability risks remain. Stock performance shows a decline.

Stocks to consider: Seagate Technology, OptimizeRx Corp, and SS&C Technologies Holdings. Seagate has a strong earnings history, while OptimizeRx and SS&C show consistent growth. Download free report on profiting from infrastructure spending for more insights. Zacks offers stock analysis reports for further information on these companies.

Massive infrastructure push in the U.S. set to begin, with trillions to be spent. Zacks releases Special Report on stock opportunities in infrastructure construction and repair. Learn about 5 companies poised to benefit the most from this development. Free report available for download now for potential investors looking to capitalize on this trend.



Read more at Nasdaq: LVO Amends TSLA Partnership: Can Streaming Upgrade Boost the Stock?