Q2 2025 LiveOne Inc Earnings Call Transcript
Key Points
- LiveOne Inc (LVO) achieved record revenues of $65.7 million for the first six months, marking a 17% increase over the prior year.
- The company reported a significant partnership extension with Tesla, providing prominent space on Tesla's home screen and opportunities for cross-selling.
- LiveOne Inc (LVO) is actively expanding its B2B team and has announced a $24 million streaming partnership, with expectations to announce more deals soon.
- The podcast division is experiencing growth, with a run rate increase from $20 million to $50 million over four years and plans to add more podcasts.
- The company is actively buying back stock, having repurchased 4.5 million shares, and plans to continue buybacks, indicating confidence in its valuation.
- LiveOne Inc (LVO) reported a consolidated net loss of $2.7 million for Q2 fiscal '25.
- There is uncertainty regarding the conversion of Tesla users to paid subscribers, which could impact future revenues.
- The company faces challenges in the competitive podcast market, with high costs for acquiring large podcasts.
- General and administrative expenses increased significantly this quarter, partly due to stock-based compensation and audit fees.
- The market has reacted negatively to changes in the Tesla partnership, affecting the company's stock valuation.
Good morning. My name is Angela and I will be your conference operator today. At this time, I would like to welcome everyone to live. One earnings call at this time. All participants are in listen-only mode. Please be advised that this call is being recorded. You will have the opportunity to ask questions during the Q&A session. If you would like to ask a question, please press star one on your telephone keypad to raise your hand and join the queue. If you would like to withdraw your question. Press star one again. Thank you. I will now turn the conference over to Aaron Sullivan. You may begin.
Thank you. Good morning and welcome to live one business update and financial results conference call for the company's second quarter ended September 30 2024. Presenting on today's call with me is Rob Ellen CEO and Chairman of live One. 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
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