LiveOne Surges with Record 75K New Members in June

Quarterly Members Expanded by 194K, a 59% Increase from Prior Year

6 Month Members Shot up by 371K, a 64% Increase from Prior Year at Average ARPU over $3

Finished June 30th at 3.2 Million Members, up 33% from Prior Year

Tesla Members Leaped 60%+ from Prior Fiscal Year

Expects $26.5 - 27.5 Million in Revenues for June Quarter

LOS ANGELES, CA, July 05, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today that it has broken multiple membership records. Contributing to this surge is Tesla, LiveOne’s largest customer, who achieved a record-breaking delivery of over 466K cars through June and raised their yearly guidance to 2.4 million cars.

LiveOne's CEO and Chairman, Robert Ellin, commented, "We're experiencing a phenomenal surge in membership, boasting an unprecedented leap in both free ad-supported and paid subscribers in LiveOne's history.”

About LiveOne, Inc.
Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the "Company") is an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company's wholly-owned subsidiaries include Slacker Radio, a membership music streaming service, and PodcastOne, which generates more than 2.3 billion downloads per year, 350+ hours distributed weekly, and 14M+ monthly unique listeners. Nearly all new Tesla EVs sold in the U.S. come with a paid membership to LiveOne’s Slacker Radio (that now includes PodcastOne) which is paid by Tesla. As of June 16, 2023, the Company has accrued a paid and free ad-supported membership base of approximately 3.1 million, including over 2.2 million paid members*. The Company was awarded Best Live Moment by Digiday for its “Social Gloves” PPV Event, and has been a finalist for 8 more awards, including Best Live Event, Best Virtual Event, Best Overall Social Media Excellence, and Best Original Programming from Cynopsis and Digiday. As of February 9, 2023, the Company has streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, over 300 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company's other wholly-owned subsidiaries include PPVOne, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, and LiveXLive, and the Company’s other majority-owned subsidiaries are Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter at @liveone.