LiveOne, Inc. (NASDAQ:LVO) Q4 2023 Earnings Call Transcript

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And we’re about to launch multiple different products that are in conjunction and ownership with our talent, with very little risk in the company and huge massive upside. You watch everyone from Kim Kardashian to George Clooney to McGregor have all built this business, Rihanna, have all built this business with $1 billion-plus numbers on them, right? And they built them off the backs to their social media. And I don’t think that trend is ever changing ever again, right? As you see it, these superstar talents these creators have over 100 million followers, they get up the same amount of people watching content on a daily basis that the Super Bowl has one day a year. So we’re going to continue to do that. And you’re going to see a big push for that additional revenue stream coming from those same creators across audio, podcasts and social media and our overall platform.

So everything you’re watching us do is build communities and those communities just keep getting bigger and bigger. And what Kit and the team have done so brilliantly is they cross over between that community, right, and now you have T-Pain doing a podcast, right? So, we have a music artist doing it. We did the same thing with Pitbull. You’re going to see more and more of that, more of the crossover and pop culture that gets more and more exciting every day.

Kevin Dede: Thanks very much, Rob, for entertaining all the questions. I really appreciate it.

Rob Ellin: Thanks, Kevin. Appreciate you.

Operator: We have no further questions registered. I will now hand back to Rob Ellin for final remarks.

Rob Ellin: I just want to thank everyone again for being here with us today. As you can see, this is the most exciting time in the history of the company. We really put together a massive community across audio, video, pay-per-view, social media. It’s going to continue to grow. And I think this is the most exciting time in the history of this company. And for any of you that have been investors with me before and our companies, I truly, as I’ve articulated before, this is the first time ever that not only is this — do we have a company that could be a unicorn, we have multiple companies within the same — within LiveOne, that each one of them has the opportunity of being a unicorn, and I think you’re going to see more and more of that.

Just seeing the likes of bankers and outside parties valuing our podcast business over $200 million, valuing our Slacker business, right, at $160 million, and it’s grown so fast even since that valuation could be higher than that, as you put those pieces together, just those two divisions alone, just all the Audio Division could be worth $5 a share. As you think about our publishing, as Josh articulated, you think about our merchandise and owning your own products, right, and you look across our pay-per-view, we’ve got five potential unicorns within one company. I’m looking forward to PodcastOne starting to trade on its own. I’m looking forward to Slacker Radio being able to trade on its own. And I appreciate everybody for spending the time with us and being patient with us.

And we’re going to continue to grow, and we’re going to continue to work really, really hard to deliver for our shareholders. So, I want to thank everyone.

Operator: This concludes today’s call. Thank you for joining. You may now disconnect your lines.

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