LiveOne Pre-Announces Its Slacker Subsidiary Results; Expected To Deliver Record 6-Months Revenue Of $31.5M And Adj EBITDA Of $9.1M; Raises FY24 Guidance For Slacker's Revenue To $63M-$66M, With $17M-$19M Of Adj EBITDA

LiveOne, Inc. - Common Stock +5.00%

LiveOne, Inc. - Common Stock

LVO

1.68

+5.00%

- Raises Full-Year Fiscal 2024 Guidance for Slacker's Revenue to $63-$66M, with $17-$19M of Adjusted EBITDA*

- Slacker's Pipeline Expands to 25 Blue Chip Partnerships Potentially Adding New Revenue Streams Across 5 Different Verticals (Automotive, Telco, Member Services, Consumer Electronics and Transportation)

- LiveOne to Host Special Investor Slacker Webcast on November 1, 2023 at 10:30 am ET / 7:30 am PT

LOS ANGELES, CA, Oct. 30, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - LiveOne (NASDAQ:LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today certain preliminary and unaudited results for its wholly owned Slacker subsidiary for the first six months ended September 30, 2023 ("Q2 Fiscal 2024"), as well as updated revenue and Adjusted EBITDA* guidance for Slacker for its full fiscal year ending March 31, 2024.

LiveOne's senior management will host a live conference call and audio webcast to provide a business update on Slacker beginning at 10:30 a.m. ET / 7:30 a.m. PT on Wednesday, November 1, 2023.

Conference Call and Webcast:

WHEN: Wednesday, November 1st

TIME: 10:30 AM ET / 7:30 AM PT

DIAL-IN (Toll Free): +1 (833) 470-1428

DIAL IN NUMBER (Local): +1 (404) 975-4839

ACCESS CODE: 897025



WEBCAST – Both the live webcast and a replay can be accessed on the Investor Relations section of LiveOne's website at Events | LiveOne.



The webcast can also be accessed at: https://events.q4inc.com/attendee/761198511

The select anticipated financial results discussed in this press release are based on management's preliminary unaudited analysis of financial results Q2 Fiscal 2024. As of the date of this press release, LiveOne has not completed its financial statement reporting process for Q2 Fiscal 2024, and LiveOne's independent registered accounting firm has not audited the preliminary financial results discussed in this press release. During the course of LiveOne's quarter-end closing procedures and review process, LiveOne may identify items that would require it to make adjustments, which may be material, to the information presented above. The estimated preliminary unaudited financial results contained in this press release are based only on currently available information as of the date hereof. As a result, the estimates above constitute forward-looking information and are subject to risks and uncertainties, including possible adjustments to preliminary financial results, and are not guarantees of future performance and may differ from actual results.

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