LiveOne : Investor Summary - August 2022

LiveOne, Inc. (NASDAQ: LVO) is an award-wining,creator-first, music entertainment and technology platform focused on delivering

premium experiences and content worldwide through memberships and live and virtual events.

LIVEONE, INC. (NASDAQ: LVO)

• Recent Share Price: $.97 (as of 8/22/2022)
• 52-WeekRange: $.56 - $3.57
• Shares Outstanding: 84.3 million
• Market Capitalization: $81.8 million
• Cash: Approx. $11.3 million (as of 6/30/2022)

FINANCIAL HIGHLIGHTS

• LiveOne recently reported Q1 FY2023 ended 6/30/22 revenue of $23.2 million with record Adjusted EBITDA* of $2 million and record net income of $1.35 million
• Company increased full-year Fiscal 2023 Adjusted EBITDA* guidance to $7 million to$11 million and maintained revenue guidance of between $125 million - $140 million
• LiveOne expects recent cost reductions of business units from both operations and corporate overhead to total over $23 million in FY 2023 ending 3/31/2023
• Cash and Cash Equivalents on hand at June 30, 2022 was $11.3 Million
• LiveOne has repurchased approximately 2 million shares of common stock under its Stock Repurchase Program as of 8/11/2022

FREEMIUM MEMBERSHIPS CONTENT PAIRED WITH DISTRIBUTION PLATFORM

• Revenue model includes multiple monetization paths, including memberships, advertising, live events, sponsorship, PPV, merchandise sales, licensing, NFTs, and ticketing.
• For the past 9 years, nearly all new Tesla EVs sold in the U.S. come with a paid membership to LiveOne's Slacker Radio which is paid by Tesla.

LIVEONE, INC. REVENUE (FY ends March 31st)

2018	- $7.2M
2019	- $33.7M	LISTEN, WATCH, ATTEND,
2020	- $38.7M
ENGAGE AND TRANSACT
2021	- $65.2M
2022 - $117M

2023 - $125M - $140M (Company guidance)

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LIVEONE'S MODEL ADDRESSES SIX LARGE MARKET VERTICALS THROUGH ITS WHOLLY OWNED SUBSIDIARIES

• In calendar 2021, LiveOne livestreamed 155 events featuring 2,900+ artists generating content which has been viewed over 188 million times.

As of 6/30/2022:

2.37M+* Members

• 1.59M Paid Members*
• 780K Free Members
• Membership Plans from $0 to $9.99 per Month

146 events and 1,781 artists livestreamed across the LiveOne platform during Fiscal 2021

24-hour OTT streaming channel now reaches over 294M people

• Global music streaming revs forecast to hit $89 billion by 2030
• Global live music market expected to be $38B in 2030
• Global video streaming mkt. expected to be $80B by 2025
• Subscriber spending will jump approx. 45% to $1.13B in 2021
• Global licensed merch market expected to be $400B by 2023
• Global live streaming PPV mkt. expected to be $2.3B by 2027

*See the Company's earnings release for 1st quarter Fiscal 2023 dated 8/11/2022 asa well as Form 10-Q filed with SEC on August 15, 2022

• 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 company by the end of FY 2023.
• LiveOne plans to dividend a portion of PodcastOne's equity to the more than 15,000 stockholders of LiveOne as of a future record date.
• PodacstOne posted record revenue of $8.7 million in FY Q1 ended 6/30/2022

Adam Carolla

Kaitlyn Bristowe

Jordan Harbinger

LadyGang

• PodcastOne now generates more than 2.48 billion downloads per year, has over 350 exclusive podcast shows and produces 350+ podcast episodes/week.
• PodcastOne Ranked #8 on Podtrac Top Publishers in July 2022 - ahead of Barstool, FOX & CNN.

PAY-PER-VIEW ("PPV")

• Since launching its PPV platform in 2020, LiveOne has generated approx. $26.1 million of sales in live and pay-per-view related events.

Nelly

Pitbull

Social Gloves

Trace Adkins

• LiveOne intends to spin-out its existing PPV business, PPVOne, as a separate public company and it plans to distribute a portion of the new company's equity to LiveOne's stockholders, anticipated to take place in FY 2023.

MANAGEMENT / BOARD

• Management and Board include executives from:

LINEAR AND OTT DISTRIBUTION

SPONSORSHIP / ADVERTISING

• Over 100 sponsorship deals including Pepsi, McDonald's, KFC, Hyundai, Corona, Porsche, Chipotle, State Farm, J.M. Smucker, 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.

OTHER INFO

• In April 2022, LiveOne partnered with emmy-winning production company, Propagate Content, to launch a social media reality boxing competition series, "Ultimate Social Boxing".
• LiveOne previously announced it has engaged J.P. Morgan to run a process to explore strategic alternatives in order to enhance shareholder value, including a strategic acquisition, divestiture, merger, sale or other form of business combination.
• Analyst Coverage by Ladenburg, H.C. Wainwright, Spartan and Alliance Capital.
• To listen to a replay of the Q1 Fiscal 2023 Financial Results & Business Update Webcast, ClickHere
• To view the most recent investor deck,Click Here

Email us for more information at [e-mail]• 269 South Beverly Drive, Suite 1450, Beverly Hills, CA 90212

This document and links herein contain "forward-looking statements" (FLS) within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These FLS represent management's current judgmentan d expectations, but actual results, events and performance could differ materially from those expressed or implied by these FLS. LivOne's (LVO) business is subject to numerous risks and uncertainties as described in LVO's filingswith the SEC available at https://www.sec.gov/, including LVO's most recent Quarterly Report on Form 10-Q. These materials do not constitute an offer or solicitation to buy or sell any securities of LVO. Information provided as of 8/22/2022