Exhibit 99.1
Investor Presentation August 2022 1
The information in this presentation is provided to you by LiveOne, Inc . (the “Company” or “LiveOne”) solely for informational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell, any security or instrument of the Company, or to participate in any investment activity or trading strategy, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment in the United States or anywhere else . By viewing or participating in this presentation, you acknowledge and agree that (i) the information contained in this presentation is intended for the recipient of this information only and shall not be disclosed, reproduced or distributed in any way to anyone else, (ii) no part of this presentation or any other materials provided in connection herewith may be copied, retained, taken away, reproduced or redistributed following this presentation, and (iii) all participants must return all materials provided in connection herewith to the Company at the completion of the presentation . By viewing, accessing or participating in this presentation, you agree to be bound by the foregoing limitations . No representations, warranties or undertakings, express or implied, are made and no reliance should be placed on the accuracy, fairness or completeness of the information, sources or opinions presented or contained in this presentation, or in the case of projections contained herein, as to their attainability or the accuracy and completeness of the assumptions from which they are derived, and it is expected that each prospective investors will pursue his, her or its own independent investigation . The statistical and industry data included herein was obtained from various sources, including certain third parties, and has not been independently verified . By viewing or accessing the information contained in this presentation, the recipient hereby acknowledges and agrees that neither the Company nor any representatives of the Company accepts any responsibility for or makes any representation or warranty, express or implied, with respect to the truth, accuracy, fairness, completeness or reasonableness of the information contained in, and omissions from, these materials and that neither the Company nor any of its affiliates, employees, officers, directors, advisers, placement agents or representatives accepts any liability whatsoever for any loss howsoever arising from any information presented or contained in these materials . This presentation contains forward - looking statements, including descriptions about the intent, belief or current expectations of the Company and its management about future performance and results . Such forward - looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward - looking statements . These factors include risks and uncertainties as to the Company’s reliance on one key customer for a substantial percentage of its revenue ; the Company’s ability consummate any proposed financing, acquisition, spin - out, distribution or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all or that the closing of any proposed financing, acquisition, spin - out, distribution or transaction will not occur or whether any such event will enhance shareholder value ; ability to attract, maintain and increase the number of the Company’s users and paid subscribers ; the Company's intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program ; the Company identifying, acquiring, securing and developing content ; successfully implementing the Company’s growth strategy, including relating to its technology platform and applications, management’s relationships with industry stakeholders, the effects of the global Covid - 19 pandemic, changes in economic conditions, and competition ; risk and uncertainties applicable to the businesses of the Company’s subsidiaries ; and other risks including, but not limited to, those described in the Company’s Annual Report on Form 10 - K, filed with the U . S . Securities and Exchange Commission (the “SEC”) on June 29 , 2022 and the Quarterly Report on Form 10 - Q, filed with the SEC on August 15 , 2022 , and other filings and submissions with the SEC . These forward - looking statements speak only as of the date set forth below and the Company disclaims any obligations to update these statements except as may be required by law . Neither the Company nor any of its affiliates, advisors, placement agents or representatives has any obligation to, nor do any of them undertake to, revise or update the forward - looking statements contained in this presentation to reflect future events or circumstances . This presentation speaks as of August 22 , 2022 . The information presented or contained in this presentation is subject to change without notice and its accuracy is not guaranteed . Neither the delivery of this presentation nor any further discussion of the Company or any of its affiliates, shareholders, officers, directors, employees, agents or advisors with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date . 2 Legal Disclaimer
We give fans, brands, and bands the best seat in the house List e n Wat c h A t t e n d E n g a ge Tra n s a ct AT A GLANCE… A creator - first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. 3
Complementary Portfolio of Wholly - owned Subsidiaries and Brands PPV ONE LiveOne intends to spin - out its existing PodcastOne and Pay - Per - View One (PPVOne) businesses as a separate public companies and plans to distribute a portion of the new companies' equity to LiveOne's stockholders, anticipated to take place by the end of FY 2023, in each case subject to obtaining applicable approvals and consents and compliance with applicable rules and regulations and public market trading and listing requirements. 4
Source: IFPI, BBC, Billboard, eMarketer, Facebook Live, Forbes, The Verge, Statista, Nielsen, Broker research, Grand View Resource LiveOne’s Model Addresses Six Large Market Verticals • Over 300 million paid music subscribers globally today – estimated to grow to 1.2 billion by 2030 • 74% of concert fans said they will continue to watch livestreaming events even after physical events resume • 37% (104 million) listen to podcasts at least every month LIVE EVENTS LIVESTREAM MERCHANDISE MUSIC S U B S C R I P T I O N S Over 3.8 billion smar t ph o ne users projected globally by this year 3.8 Bil l ion 1.6 Bil l ion 2 0 14 2 0 21 Global video streaming market expected to be $80B by 2025 Users watch live video 3x longer and comment 10x more than recorded footage 30M+ People attend at least one music festival in the US annually 52% of US attended a live music event in 2018 Global live music market expected to be $30B by 2025 Global licensed merchandise market expected to reach $400B by 2023 Podcast advertising spend was $1.5 billion in 2020 and is expected to grow to $3.5 billion by 2024. As podcast listenership has soared in recent years, ad dollars will continue to follow suit. POD C A S T S P P V The global live stre a mi n g pa y - per - 5 view market is expected to expand at a compound annual growth rate (CAGR) of 15% from 2020 to 2027, reaching $2.3 billion by 2027.
1.59M+ 1 Paid Members 4.7B+ Audio Listens since 01/01/20 126 Livestreamed Music Events since 04/01/21 2,900+ Artists S tre am ed since 01/01/20 220+ Countries and territories by Live Music Streaming 294M+ People reached via 24 - hour OTT streaming channel 1,500+ Hours of Live Music since 01/01/20 Platforms TikTok Twitter I n st a g ram STIRR O&O Fac e b o o k YouTube Twitch Podcasting Over 250 shows and over 300 podcast episodes per week. Over 2.48 billion podcast downloads 1 See the Company's 10 - Q for QE 6/30/2022 6 Freemium Membership Content Paired with Distribution Platform Memb e r s hip Plans from $0 to $9.99 Per Month Free Members 2.40+M Free and Paid Members (6/30/22) 810 K +
Growing Library of Franchises Highly - rated Originals Podcasts Partnerships ContentOne studio to develop and distribute new originals and tentpole events across the platform 7
LiveOne’s Slacker Radio is a membership music streaming service offering songs and access to expertly crafted stations, podcasts from PodcastOne, livestreamed video and on - demand programming, and livestreamed festivals, concerts and pay - per - view (PPV) events • Nearly all new Tesla EVs sold in the U.S. come with a paid membership to LiveOne’s Slacker which is paid by Tesla • Ranked as the best quality music app and “Editor’s Choice” by PC Magazine, outpacing better known brands such as Spotify and SiriusXM • Blends a team of forward - thinking music curators and content programmers with cutting edge analytics which provide a seamless music discovery • Estimated music subscription global TAM currently at over 300 million paid music subscribers - estimated to grow to 1.2 billion by 2030 1 • Targeted 10 million paid members (0.8% of 2030 estimated TAM) 30M+ Songs in catalogue 500+ Expertly crafted stations, podcasts, concerts, PPV events 4.7B+ Audio Listens since 01/01 / 20 64B+ Audio listens since inception 85+ Automobiles partnerships for in - built music streaming $ 1.59M+ 2 Paid Members (6/30/2022) 1 Broker research 2 See the Company's 10 - Q for QE 06/30/2022 8
OV E RVI E W PodcastOne is a leading advertiser - supported podcast company offering a 3 6 0 - degr e e solution for both content creators and advertisers. PodcastOne ranked #8 on the list of the July 2022 Top Podcast Publishers by the industry - leading podcast metrics company, Podtrac…ahead of Fox, CNN and Barstool Sports 2.8B+ Down l oads Annually 325+ Hours Produced Weekly 129+ Podcast Shows 300 M + Monthly Impressions 2,000+ Fortune 1000 Advertisers 6.1M+ Unique Monthly Listeners PodcastOne, a leading podcast platform was ranked #8 on the list of Top Podcast Publishers by the industry - leading podcast metric company Podtrac. Podtrac provides the podcast industry's only ranking of top publishers based on unique audience counts. The July 2022 report shows PodcastOne up four slots from #12 in the December 2021 report and is one of only two independent podcasting publishers in the Top 10. 9
• In July 2022, PodcastOne closed a $8.1 million financing at a $68 million valuation as part of LiveOne’s intention to spin - out PodcastOne as a separate public. • LiveOne plans to dividend a portion of PodcastOne’s equity to the more than 15,000 shareholders as of a future record date. • PodacstOne posted record revenue of $8.7 million in FY Q1 ended 6/30/2022 Source: Broker research, 2021 PodcastHosting.org Select industry stats 37% (104M) Listen to podcasts at least every month 24% (68M) Listen to podcasts weekly 41% of monthly podcast listeners have household income >75K Podcast listeners subscribe to an a v erag e o f 6 s ho w s Podcast listeners listen to an average 7 different shows per week 93% listen to all or most of each episode 81% podcast listeners pay attention to podcast ads 60% podcast listeners have bought something from a podcast ad A d s KEY UPDATE • Acquired by LiveOne in July 2020 • Exclusive podcasters include Adam Carolla, Jordan Harbinger, Kaitlyn Bristowe, Jay Cutler, Lady Gang, and “Stone Cold” Steve Austin • Networks include Sports Network, Woman of Podcasting, etc. • Recently created the new Vodcast Network, featuring video podcasts from new and existing podcasters • Over 2.48 billion annual podcast downloads • LadyGang podcast recently reached over 100 million downloads • Total social media reach across the exclusive talent roster of PodcastOne now exceeds 280 million • PodcastOne founder Norman Pattiz also founded and built Westwood One into the largest radio network in the U.S. Highlights 10
PODCASTS ARE MORE POPULAR THAN EVER Listeners have made podcasts part of their everyday life . ‘What podcasts are you listening to ?’ is asked everyday and we have the numbers to back that up . Sources: MRI - Simmons 2020 Podcast Study, The Infinite Dial 2022 & eMarketer People listen to podcasts Say I feel close to the hosts of the podcasts I listen to Consider podcasts as part of their daily routine 177M $2B 67% 61% Analyst predict podcast ad spending in 2023 to exceed $2 Billion and $3 Billion in 2026 Becca Tobin, Keltie Knight & Jac Vanek Ladygang Adam Carolla The Adam Carolla Podcast Kaitlyn Bristo w e Off the Vine Jordon Harbinger The Jordan Harbinger Show 11
TOP SHOWS Season One peaked #2 Ranked podcast in All Podcasts #2 Ranked podcast in Fashion & Beauty #13 Ranked podcast in Comedy #58 Ranked podcast in All Podcasts 12
CORE REVENUE DIRECT AD SALES Live reads (60 seconds) are sold directly into the podcasts. One of the highest CPM’s rate in the industry based on sales team direct relationships with brands CUSTOM EXECUTIONS PodcastOne has the capabilities to do custom executions or custom segments per the client’s needs. Segments are 3 to 5 minutes long. PROGRAMMATIC Passive Revenue generated by ad impressions and bandwidth fee from shows on PodcastOne Network. LIVE TOURS & EVENTS PodcastOne has Live Tour Sponsorship & licensing rights and will start to produce live tours with some of our leading talent IP OW N E R S H IP Many of our talent agreements include partial IP ownership. VODCAST ADS In addition to audio live reads, shows with video podcasts (Vodcast), advertisers will be sold into as well. SOCIAL A C T I V A TIO N S Through our talent, we have the ability to sell social activations across the talent’s social platforms. Pitbull & Nappy Boy Radio with T - Pain BRANDED PODCASTS PodcastOne has the capabilities to work with clients to create their own podcast. We created podcasts for Motortrend and Microsoft. Motortrend M E R C H A N D ISE PodcastOne has the capabilities to create merchandise for talent and podcast. 13
OUR DISTRIBUTION AND ADVERTISER NETWORK POD C A T CHE R S PLATFORMS (M o bi l e , T a blet, Desktop, Smart Speakers) 14
PPV Business Model 15 • PPVOne’s Business Model Leverages LiveOne’s existing proprietary tech stack and expertise with more than seven years of livestreaming experience and scalable product. • Direct to consumer billing relationship enhances both PPVOne and LiveOne’s flywheels for increased monetization opportunities . Expands far beyond just PPV ticket transactions to include music subscriptions, virtual meet and greets/VIP access, merchandise and NFT e - commerce offerings and virtual tipping . • Leveraging’s LiveOne’s marketing engine with in - app messaging, social media, paid marketing program, email blasts to our fan database of 38M+ music fans; promoted across our LiveOne platform and partner network. • Leveraging relationships with thousands of possible PPV entertainers and personalities through ongoing business activities of LiveOne. • Strong connection between PPV participants and social followers enables for a stronger business model through lower marketing spend as artists and talent actively promote PPV events directly to their social media resulting in lower customer acquisition costs. • PPVOne’s execution capabilities are turnkey ranging from artist/talent signings, event marketing, sponsorship/advertising monetization, event production, digital and linear distribution through to settlement. *since inception PPV EVENTS* 115 + 217 K + TICKETS SOLD* PPV EVENTS TO DATE REVENUE SOURCES • PPV Ticke t Sal e s with Re v enu e Share • Sponsorship and Advertising/Product Placement • V I P Exclu s i v e U p g rade Options • Di gita l Mee t an d Gre e t Op p ortuniti e s • N FT s an d E - C ommer c e • Arti s t Merch a ndis e Sal e s • I n - App Purcha s e s
• Acquired in December 2020 • Direct - to - consumer eCommerce merchandise platform • Create, manufacture and distribute unique and limited - edition personalized clothing, jewelry, toys as well as virtual goods • Partners with artists and stars from the music, podcast and entertainment industry with massive social media and marketing reach • Provides monetization opportunities for both LiveOne and artists 16 $20M C Y 202 0 Re v enue $1M CY2020 EBITDA $400B Expected global licensed merchandise market by 2023
Attract, produce and create differentiated and exclusive content 1 Host live concerts and pay - per - view events to expand audience reach 2 Utilize actionable audience data and insights to improve experience 3 All - in - one content platform enhances user engagement & retention 5 Multiple monetization channels drive growth and strong artist value proposition 7 Cultivate meaningful connections between artists and their fans, 24/7 6 At t ract En g a g e R e tain Mo n etize Flywheel Strategy Creates Superior Value Proposition Differentiated experience drives user conversion 4 17
Ad - s upp o rted ط ط ط ط ط ط ط ط ط ٷ ٷ ٷ ٷ ٷ S u bs c ript i on ط ط ط ط ط ط ط ط ط ٷ ط ٷ ٷ ٷ P o dca s ts ط ط ط ط ط ط ط ط ٷ ٷ ٷ ٷ ٷ ٷ Originals ط ٷ ٷ ٷ ٷ ٷ ٷ ٷ ط ٷ ٷ ٷ ٷ ٷ L i ve v i d eo streaming ط ٷ ٷ ٷ ٷ ٷ ٷ ٷ ط ط ط ٷ ٷ ٷ T ic k eted show ط ٷ ٷ ٷ ٷ ٷ ٷ ٷ ط ط ٷ ط ط ٷ Linear / OTT channels ط ٷ ٷ ٷ ٷ ٷ ٷ ٷ ٷ ٷ ٷ ٷ ٷ ٷ Live events ط ٷ ٷ ٷ ٷ ٷ ٷ ط ٷ ط ٷ ٷ ط ط Merchandise ط ٷ ٷ ٷ ٷ ٷ ٷ ٷ ٷ ط ٷ ٷ ط ط Sources: Company filings, Company websites A ud i o s trea m ing Live music streaming Audio streaming Live music streaming M us i c events M us i c events Unrivaled Capabilities Across Audio, Video, and Live Events g m in a tr e s o u di A Audio streaming g in a m st re o e Vi d Video streaming 18
Sponsorships and Partners Expanded sponsorship deals now include: Pepsi, McDonald’s, KFC, Hyundai, Corona, VW, Porsche, Chipotle, State Farm, Kia, White Claw, Mike’s Hard Lemonade, and Mentos Pure Fresh Gum, and through LiveOne’s multi - year livestream partnership with iHeartRadio, Progressive Insurance, Capital One, Ally Financial, Goya, Country Crock, St. Jude and OGX Over 100 Partners and Sponsors: Over 100 Partners and Sponsors: 19
Global Network of Distribution and Channel Partners Desktop Mobile O T T 20 Over 220 countries reached by Live Music Streaming
Financial Highlights LIVEONE, INC. REVENUE (Fiscal Year ends March 31st) 2018 - $7.2M 2019 - $33.7M 2020 - $38.7M 2021 - $65.2M 2022 - $117M 2023 - $125M - $140M* • Reported first quarter FY 2023 ended June 30, 2022 - Revenue of $23.2 million, record Adjusted EBITDA** of $2 million, and record Net Income of $1.3 million • Company increased full - year Fiscal 2023 Adjusted EBITDA** guidance to $7 million to $11 million • Cash and Cash Equivalents on hand at June 30, 2022 was $11.3 Million • LiveOne has Repurchased 2 million shares of common stock under its Share Stock Repurchase Program as of 8 / 11 / 2022 • Recently extended maturity of all of its debt to second quarter 2024 • Common Shares outstanding as of August 12, 2022 was 84.3 million • Analyst Coverage: Ladenburg, H.C. Wainwright, Spartan, and Alliance Capital • Based on full - year fiscal 2023 guidance ** See About Non - GAAP Financial Measures in LiveOne’s SEC filings and press releases 21
Robert Ellin Chairman & CEO Over 30 years of investment and turnaround experience, deep relationships in media and entertainment, prior public company experience as Executive Chairman of Mandalay Digital Kit Gray Pre s i d e n t Po d c as tOne Founded PodcastOne 8 years ago. 20+ years audio experience. Selected to 22 Top Influencers in Podcasting (Podcast Magazine 2022) Jackie Stone CMO Top 50 Marketer with over 27 years of global expertise across brand building, growth, acquisition and loyalty Alex Brough Chief Revenue Officer Previously held management positions for ad and sponsorship sales at iHeart and Viacom/MTV Management Team Aaron Sullivan VP, Interim CFO Seasoned executive with extensive financial, mergers and acquisitions and operational experience in managing and scaling organizations, as well with financial reporting and internal controls Sue McNamara EVP, Sales PodcastOne 20+ years in Radio & Podcast Sales. Formerly CBS Radio’s Senior Vide President of Advertising Sales Product/Tech executive with extensive experience leading agile teams & software projects to deliver successful applications spanning Web, Mobile, Auto, and OTT Bradley Konkol President, Slacker Radio John Semmelhack President , CPS 30+ years leading direct marketing companies. Founded Custom Personalization 10 years ago. 22
Ramin Arani In d e p e n d e n t Dir e c t or Former lead manager of Fidelity’s Puritan Fund and current Board member of Vice Media, Ellen Digital and Opportunity Network Patrick Wachsberger In d e p e n d e n t Dir ec tor Founder and CEO of Picture Perfect Entertainment and former Chairman of Lionsgate Films Steven Bornstein Former CEO of ESPN and NFL Network Jason Flom CEO of Lava Records Distinguished & Experienced Board of Directors Strong Suite of Formal Advisors Ken n et h Sol o mon In d e p e n d e n t Dir e c t or Chairman and CEO of The Tennis Channel, partner at Arcadia Investment Partners and Chairman of Ovation TV Craig Foster In d e p e n d e n t Dir ec tor Former Chief Financial Officer and Chief Accounting Officer of Amobee, Inc. Chris McGurk Former CEO of MGM and Universal Pictures Roger Werner Former CEO and President of ESPN and Speedvision Jay Krigsman In d e p e n d e n t Dir e c t or Executive Vice President and Asset Manager of The Krausz Companies Bridget Baker In d e p e n d e n t Dir ec tor Former President of Content and TV Network Distribution of Comcast and NBCUniversal Jules Haimovitz Former President of Viacom and founder of Showtime Maria Garrido In d e p e n d e n t Dir e c t or Sr. Vice President Brand Management at Vivendi Group Distinguished Board of Directors and Advisors with Industry Experience Kris Wright In d e p e n d e n t Dir ec tor Vice President, Jordan Footwear, Product & Merchandising at Nike 23
Investment Highlights Consolidation of Business Units Throughout FY2023 Is Expected to Result in Over $23 Million In Annual Cost and Expense Reductions Tesla is Largest Customer as Nearly Every New Tesla Sold in U.S. Comes with a LiveOne Membership Paid by Tesla 3 $11.3 Million of Cash and Cash Equivalents as of 6/30/2022 5 6 24% Institutional Ownership – Fidelity owned 6.9 million shares at 6/30/2022 Record Annual Revenue of $117 Million for Fiscal Year Ended 3/31/2022 – Up 79% 1 2 Highly Accomplished Management and Board of Directors 7 LiveOne has Repurchased 2 Million Shares Under Its Stock Repurchase Program as of 8/11/2022 24 4
NASDAQ: LVO | IR@LIVEONE.COM
