11:17 AM EDT, 10/01/2024 (MT Newswires) -- LiveOne ( LVO ) said Tuesday it amended its partnership with Tesla to include an increase in average revenue per user and replacement of the streaming button with LiveOne's ( LVO ) in perpetuity, effective immediately.

The new terms exclude Tesla from subsidizing LiveOne's ( LVO ) products to some of its customers starting Dec. 1, according to the statement.

LiveOne ( LVO ) revised its fiscal 2025 revenue guidance downwards to $120 million to $135 million from the previous outlook of $140 million to $155 million. Analysts polled by Capital IQ expect $145.9 million.

Shares of LiveOne ( LVO ) fell 23% in recent trading.

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