From Nasdaq: 2025-01-17 09:25:00

LiveOne, Inc. has exceeded 500,000 Tesla users, with plans to grow to over 550,000 by Feb. 1, 2025. The company’s partnership with Tesla has led to more than 100,000 free ad-supported users who spend over 50 minutes listening daily. This milestone follows a strategic rollout expanding its reach.

In a recent update, LiveOne announced a revised partnership with Tesla, replacing the streaming button with its service. This move enhances the user experience for Tesla owners and signifies a deeper collaboration between the two companies. LiveOne’s management sees this milestone as a stepping stone for future B2B partnerships and revenue growth opportunities.

LiveOne also reported significant financial progress, with over $10 million in cash savings redirected towards strategic growth areas. The company aims to convert more Tesla subscribers, expand B2B partnerships, strengthen music collaborations, and utilize AI and data mining technologies. These efforts are expected to generate substantial revenues, including a $25 million-plus deal with a Fortune 500 company.

LiveOne’s focus on B2B initiatives has yielded positive results, with the company securing a $24 million contract with a leading streaming network. This deal is projected to generate approximately $2 million in monthly revenues, boosting the company’s financial standing and industry reputation. LiveOne’s strategic partnerships and revenue growth have driven a 14% increase in second-quarter fiscal 2025 revenues.

Despite recent successes, LiveOne currently holds a Zacks Rank #4 (Sell), with shares declining by 24% in the past six months. For investors seeking alternatives, Dolby Laboratories, Inc. and Intrusion Inc. present better-ranked options in the technology sector. Dolby Laboratories holds a Zacks Rank #1 (Strong Buy), while Intrusion Inc. carries a Zacks Rank #2 (Buy). Both companies have shown strong performance and earnings surprises in recent quarters, making them attractive investment opportunities.



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