LiveOne Inc (NASDAQ: LVO) is a music and entertainment company that produces, acquires, and distributes live and digital music, Internet radio, podcasting, and music-related streaming and video content. Revenue comes from paid memberships (50% of FY2025 revenue) with the remainder from advertising, ticketing, sponsorship, merchandising, and licensing. LiveOne reported $114.4 million in revenue for the fiscal year ended March 31, 2025, down from $118.4 million in the fiscal year ended March 31, 2024. The company operates three reporting segments and manages its principal operations from North America. Key subsidiaries include PodcastOne (acquired July 2020), CPS merchandise personalization (acquired December 2020), DayOne Music Publishing, Drumify, and Splitmind. LiveOne maintains OEM relationships with partners such as Tesla and relationships with major and independent music labels, festival owners, and cable networks.

Revenue model

Paid memberships generated 50% of revenue in the fiscal year ended March 31, 2025. The remaining 50% came from advertising, ticketing, sponsorship, merchandising, and licensing. Additional monetization channels include pay-per-view digital events (launched May 2020), digital meet-and-greets, tipping, and merchandise sales through CPS.

Products and services

Products and services include: streaming Internet radio and music (including the Slacker-branded service); live music event production and streaming via broadband and satellite (both ad-supported and pay-per-view); podcasting via PodcastOne; personalized merchandise and gifts through CPS (wholesale and direct-to-consumer); music publishing through DayOne Music Publishing; artist and brand development through Drumify and Splitmind; and an enterprise content management system (CMS) for podcasting.

Customers and end markets

End markets include individual consumers (paid membership subscribers and ad-supported listeners), corporate advertisers and sponsors, OEM partners such as Tesla, cable networks, and music labels and content providers. Demand is tied to discretionary consumer and corporate spending.

Value-chain role

LiveOne sits at the intersection of content acquisition and distribution. It licenses content from major and independent labels, produces and streams live events, and distributes audio across its own platform, third-party OEM integrations, and cable networks. Payment processing is handled through a single third-party provider, Cybersource.

Geographic exposure

Principal operations and decision-making are located in North America. The company is incorporated in Delaware. Operations exist in certain other countries and territories, with potential exposure to additional jurisdictions as the business grows internationally.

Competitors

Megaphone (owned by Spotify), Art19 (owned by Amazon), SimpleCast (owned by SiriusXM/Pandora)

Source: SEC 10-K, filed 2025-07-15

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