LiveOne (LVO) Announces Record September Premium Membership Growth

LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today that it continues to break multiple membership records.

LiveOne's CEO and Chairman, Robert Ellin, commented, "Since acquiring Slacker Radio just five years ago, annual revenue has more than tripled from $20M with a loss of $7M, to more than $60M expected for FY24 and very significant Adjusted EBITDA**. Our B-to-B partnerships, which includes being part of Tesla’s native connectivity app in nearly every new car sold, coupled with our consumer-friendly pricing model, has proven to be a winning combination.”

Mr. Ellin continued, “Given our B-to-B success with Tesla, TikTok, Samsung, Facebook and Verizon, we are aggressively expanding our sales and partnership team and expect to add multiple billion-dollar companies to the LiveOne family this year.”

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