LiveOne's Tesla Subscription Adds Beat Expectations -- Market Talk

Dow Jones

Dec 20, 2024

1231 ET - LiveOne's ability to attract paid subscribers from Tesla owners exceeded Alliance Global Partners analysts' expectations by 25,000 in the first two weeks of December, reaching a total of 350,000. This means the company would make around $42 million in annual revenue for those subscribers. "Given the listeners' history, there could be some attachment to playlists or comfort factor," the analysts say. Since Dec. 1, LiveOne is no longer included with Tesla's Premium Connectivity subscription. Alliance Global Partners raises its target price to $3 from $1.75 previously to reflect LiveOne's stronger-than-expected new subscriber report, and says it now expects 500,000 paid subscribers for digital radio during the 1Q of FY25, growing by 20,000 per quarter. Shares rise 4.3% to $1.10. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

December 19, 2024 12:31 ET (17:31 GMT)

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This means the company would make around $42 million in annual revenue for those subscribers. \"Given the listeners' history, there could be some attachment to playlists or comfort factor,\" the analysts say. Since Dec. 1, LiveOne is no longer included with Tesla's Premium Connectivity subscription. Alliance Global Partners raises its target price to $3 from $1.75 previously to reflect LiveOne's stronger-than-expected new subscriber report, and says it now expects 500,000 paid subscribers for digital radio during the 1Q of FY25, growing by 20,000 per quarter. Shares rise 4.3% to $1.10. (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 19, 2024 12:31 ET (17:31 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LiveOne's Tesla Subscription Adds Beat Expectations -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLiveOne's Tesla Subscription Adds Beat Expectations -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-20 01:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1231 ET - LiveOne's ability to attract paid subscribers from Tesla owners exceeded Alliance Global Partners analysts' expectations by 25,000 in the first two weeks of December, reaching a total of 350,000. This means the company would make around $42 million in annual revenue for those subscribers. \"Given the listeners' history, there could be some attachment to playlists or comfort factor,\" the analysts say. Since Dec. 1, LiveOne is no longer included with Tesla's Premium Connectivity subscription. Alliance Global Partners raises its target price to $3 from $1.75 previously to reflect LiveOne's stronger-than-expected new subscriber report, and says it now expects 500,000 paid subscribers for digital radio during the 1Q of FY25, growing by 20,000 per quarter. Shares rise 4.3% to $1.10. (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 19, 2024 12:31 ET (17:31 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1852331112.SGD","symbol_name":"Blackrock World Technology Fund A2 SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492250101","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492250101","pubTimestamp":1734629460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1231 ET - LiveOne's ability to attract paid subscribers from Tesla owners exceeded Alliance Global Partners analysts' expectations by 25,000 in the first two weeks of December, reaching a total of 350,000. 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This means the company would make around $42 million in annual revenue for those subscribers. \"Given the listeners' history, there could be some attachment to playlists or comfort factor,\" the analysts say. Since Dec. 1, LiveOne is no longer included with Tesla's Premium Connectivity subscription. Alliance Global Partners raises its target price to $3 from $1.75 previously to reflect LiveOne's stronger-than-expected new subscriber report, and says it now expects 500,000 paid subscribers for digital radio during the 1Q of FY25, growing by 20,000 per quarter. Shares rise 4.3% to $1.10. (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 19, 2024 12:31 ET (17:31 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}