LiveOne has reported Q4 2024 revenue of $29.45 million, marking a 5.8% year-over-year decrease following adjustments to its Tesla Premium Connectivity partnership.

Key Financial Highlights:

• Revenue decreased to $29.45 million in Q4 2024
• Membership services fell 15.2% to $14.29 million
• Advertising revenue increased 21.3% to $12.85 million
• Net loss expanded 150% to $5.64 million
• User base reached 860,000 (450,000 ad-supported)
• Direct-billed Premium subscribers grew 78%

Tesla Partnership Changes:

• Tesla's $3 per user subsidy ended December 2024
• Existing "grandfathered" users continue receiving subsidized service
• LiveOne remains available as standalone option in Tesla vehicles
• Company pursuing new B2B partnerships

Future Outlook:

• Full-year guidance revised to $112-120 million
• Potential price increases expected in next 12 months
• Current Premium subscription: $10.99/month
• Plus subscription: $3.33/month (annual plan)
• SoundExchange settlement repayment extended to January 2027

Stock Performance:

• LVO shares declined 4% to $0.93

Despite near-term revenue impacts from the Tesla deal adjustment, CEO Robert Ellin remains optimistic, describing the company's standalone Tesla presence and upcoming B2B partnerships as a "multibillion-dollar opportunity."

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