24/7 Market News Snapshot 23 January, 2025 – LiveOne, Inc. Common Stock (NASDAQ:LVO)

January 23, 2025

DENVER, Colo., 23 January, 2025 (247marketnews.com) – (NASDAQ:LVO) are discussed in this article.
LiveOne, Inc. (LVO) is experiencing notable market activity, with its shares opening at $1.16 and peaking at $1.29, reflecting a substantial increase of approximately 12.17%. Following a previous close of $1.15, this uptick indicates a positive market sentiment and heightened investor interest, as evidenced by a trading volume of 654.60K. The stock appears to be in a favorable technical position, warranting close observation for potential resistance levels around $1.30 and support at prior close values.

In parallel, LiveOne has achieved significant user growth, boasting over 600,000 active users, including more than 275,000 who participate in its ad-supported services. This milestone highlights the company’s successful adaptation to the digital entertainment landscape. Recently, LiveOne has also secured over $40 million in new business-to-business partnerships within just two months, reflecting the strength of its business model and showcasing a robust pipeline of more than 70 companies interested in collaboration.

Robert Ellin, Chairman and CEO of LiveOne, expressed enthusiasm over these developments, stating, “We’re thrilled to expand our partnership initiatives and deliver a versatile music experience across various platforms. The early success of our ad-supported offering signals a promising trajectory for our business.” He further emphasized the role of innovative AI applications and data mining strategies in enhancing user monetization.

LiveOne remains dedicated to enriching user engagement through diverse offerings, including live and virtual events, and a variety of streaming options across multiple platforms. As the company continues to focus on building valuable partnerships and delivering high-quality content, its commitment to meeting the diverse needs of its audience positions it for scalable growth and long-term success in the entertainment industry.

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