LiveOne, Inc. Q3 FY2025 Earnings Call

· Earnings call transcript and AI-powered summary

  • Quarter Ending: December 31, 2024
  • Date of Call: February 14, 2025
  • Revenue: $29M+ for Q3; $95M for first nine months of FY25, a record high.
  • Adjusted EBITDA: $14.1M YTD FY25 compared to prior periods indicating improvement.
  • Audio Division (Slacker Radio & PodcastOne): Surpassed $90M in revenues for the first time in company history.
  • New B2B Partnerships: $44M+ in revenue from recent deals including:
    • $25M with a Fortune 500 media conglomerate
    • $16.5M 3-year agreement with Amazon
  • Tesla Partnership Update:
    • Renewed for 12th consecutive year, now includes LiveOne branding directly in Tesla infotainment system.
    • Shifted from guaranteed $3/month model to ad-supported and subscription up-sell strategy.
    • 800,000+ new users signed since December — ~40% of total Tesla vehicle users in North America.
    • Major data access upgrade enabling direct subscriber engagement and monetization through AI-driven tools.
  • Stock Buyback: $12M authorized, $6.2M remaining — demonstrates management’s confidence.

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Operator: Ladies and gentlemen, thank you for standing by. Today's conference call will begin momentarily. Until then, your lines will again be placed on music hold, and we thank you for your patience. Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the LiveOne, Inc. third quarter fiscal 2025 financial results and business update webcast. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during that time, simply press the star key followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one a second time. Thank you. And I would now like to turn the conference over to Aaron Sullivan, Chief Financial Officer. You may begin. Thank you. Aaron Sullivan: Good morning and welcome to LiveOne's business update and financial results conference call for the company's third quarter ended December 31, 2024. Presenting on today's call with me is Rob Ellin, CEO and Chairman of LiveOne. I would like to remind you that some of the statements made on today's call are forward-looking and are based on current expectations, forecasts, and assumptions that involve various risks and uncertainties. These statements include, but are not limited to, statements regarding the future performance of the company, incl

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