LiveOne AT&T Partnership Could Drive Significant Upside, According to Roth Capital

Roth Capital Partners has reiterated its Buy rating and $14 price target for LiveOne (NASDAQ: LVO), following the company's newly announced collaboration with AT&T and Cisco. The partnership will make LiveOne's audio streaming services available through AT&T's Connected Car ecosystem, a move that Roth analyst Sean McGowan described as another major addition to LiveOne's expanding roster of B2B partnerships. According to Roth, the opportunity could be larger than originally envisioned, with the potential to provide access to a significantly larger subscriber base than initially anticipated.

While AT&T reported approximately 109 million wireless subscribers, the initial Connected Car market targeted by the agreement is estimated at roughly 20 million vehicles. AT&T's connected vehicle base is reportedly around 32 million and expanding alongside 5G adoption. McGowan wrote that even modest subscriber conversion rates could generate meaningful incremental revenue for LiveOne and suggested the relationship could eventually expand beyond Connected Car users. The firm also highlighted the potential for management to increase guidance in coming weeks, citing PodcastOne's fiscal 2027 revenue outlook and the growing contribution from recently signed partnerships.

Roth further indicated that LiveOne may be positioned to resume share repurchases, noting that management has previously expressed interest in buybacks and still has more than $5 million remaining under its authorization. The firm believes the company's balance sheet has improved through debt conversions and warrant exercises, and that recent partnership activity may have temporarily limited repurchase activity because of material nonpublic information considerations. The full report can be viewed at https://ibn.fm/Of91h.

LiveOne is an award-winning, creator-first music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The company's subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind. LiveOne is available on iOS, Android, Web, Roku, Apple TV (tvOS), Samsung Smart TVs (Tizen), Amazon Fire TV, Android TV / Google TV, LG Smart TVs (webOS), VIZIO Smart TVs, Amazon Alexa, Sonos, and other consumer electronic devices. For more information, visit https://www.liveone.com.

The AT&T partnership marks a significant milestone for LiveOne as it continues to pursue large-scale partnerships across multiple industries. The collaboration with AT&T and Cisco is expected to enhance LiveOne's reach within the automotive sector, potentially driving subscriber growth and revenue. Roth's analysis suggests that the partnership could be a key catalyst for the company's stock, with the $14 price target implying substantial upside from current trading levels.