The music, entertainment, and technology platform, LiveOne, is on the cusp of a new chapter, as it embarks on a strategic review to enhance shareholder value. With a market capitalization of $72.1 million, the company is seeking alternatives that accurately reflect its intrinsic value, given the recent sale of Napster for $207 million.
Key Highlights
- Market Cap: $72.1 million
- Ranked Top 10 DSP
- Fiscal Year 2025 Expected Revenues: $112M+
- Audio Division: Revenues $108M+ and Adjusted EBITDA $16M+
- Share Buyback: $6 million remaining
- B2B Partnerships: Over $50 million
- Inbound M&A opportunities for LiveOne and subsidiaries Slacker Radio and PodcastOne
The company’s Chairman and CEO, Robert Ellin, expressed his conviction that the current stock valuation fails to accurately reflect the company’s intrinsic value. He noted that recent transactions, such as the sale of Napster, reinforce this conviction and highlighted the company’s growth prospects. Ellin stated, “In evaluating the market landscape, we firmly believe that our current stock valuation fails to accurately reflect the company’s intrinsic value. Recent transactions, such as the sale of Napster for $207 million, reinforce our conviction that our assets and growth prospects are significantly undervalued.”
About LiveOne
LiveOne 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’s subsidiaries include Slacker, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind. LiveOne is available on various platforms, including iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications.
Financial Performance
| Fiscal Year 2025 | Audio Division | Adjusted EBITDA |
|---|---|---|
| $112M+ | $108M+ | $16M+ |
Share Buyback and B2B Partnerships
LiveOne has a share buyback program with $6 million remaining, and has established over $50 million in B2B partnerships. These initiatives aim to enhance shareholder value and provide opportunities for growth.
Inbound M&A Opportunities
The company is exploring strategic options, including inbound M&A opportunities for LiveOne and its subsidiaries, Slacker Radio and PodcastOne. These opportunities aim to enhance shareholder value and provide access to new markets and technologies.
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.”
About Non-GAAP Financial Measures
LiveOne presents Contribution Margin (Loss) and Adjusted EBITDA as non-GAAP financial measures to evaluate the performance of its operating segments. These measures provide insights into the company’s operations and help investors evaluate changes in the business separate from non-operational factors.
Conclusion
LiveOne’s strategic review aims to enhance shareholder value and provide a new chapter for the company. With a strong foundation in music, entertainment, and technology, LiveOne is poised for growth and success in the future.