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DeepNewz, mobile.
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LiveOne has renewed its partnership with Tesla through May 2026 and launched LiveOne 2.0, expecting a threefold increase in ARPU. The company has adjusted its FY25 revenue guidance to $120M-$135M with $8M-$15M adjusted EBITDA. However, starting December 1, 2024, Tesla's Premium Connectivity subscription will no longer include free access to LiveOne's Slacker Radio. Tesla owners will need to purchase a separate subscription to continue streaming music through LiveOne. This change has led to a 23% drop in LiveOne's stock.
Tesla to End LiveOne Streaming Subsidies for Customers, Sending LiveOne Stock Down 23% https://t.co/h3EyqLmMnx
Tesla reshapes LiveOne availability for Premium Connectivity as amended agreement takes place https://t.co/1NLdw7RBl3
NEWS: Starting December 1, 2024, LiveOne's Slacker Radio will no longer be included with the Tesla Premium Connectivity subscription. You'll now have to buy a subscription to LiveOne if you want to stream music through it. Tesla owners who had free lifetime premium connectivity… https://t.co/9n6Gvs13mD
