LiveOne (NASDAQ: LVO) received a vote of confidence from Roth Capital Partners following the company’s newly announced collaboration with AT&T and Cisco, which will make LiveOne’s audio streaming services available through AT&T’s Connected Car ecosystem. In a June 4 research note, Roth Managing Director and Senior Research Analyst Sean McGowan maintained a Buy rating and $14 price target, describing the agreement as another major addition to LiveOne’s expanding roster of B2B partnerships.
The analyst noted that the company has spent more than a year pursuing large-scale partnerships across multiple industries and characterized the AT&T deal as one of its most significant to date. According to Roth, the opportunity could be larger than originally envisioned. 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, with AT&T’s connected vehicle base 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 report 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. Roth concluded by reiterating its Buy rating and $14 price target on the shares.
For business leaders, this partnership signals LiveOne’s growing traction in the B2B space, potentially opening new revenue streams and subscriber growth. The AT&T Connected Car ecosystem provides a large addressable market, and if LiveOne can convert even a small fraction of AT&T’s vehicle base, it could significantly boost its user numbers and financial performance. The possibility of an upward guidance revision and resumption of share repurchases also points to management’s confidence in the company’s trajectory. For the industry, this deal highlights the increasing integration of streaming services into automotive platforms, a trend that could reshape how consumers access audio content.
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. For more information, visit https://www.liveone.com.
Roth is a relationship-driven investment bank focused on serving growth companies and their investors. For more information on Roth, please visit www.roth.com.
