LiveOne shares surge 11.11% intraday as AI-driven cost cuts and expanded Amazon partnership boost operational efficiency and investor optimism.

LiveOne surged 11.11% intraday following the release of strategic and operational highlights detailing AI-driven cost reductions and new B2B partnerships. The company announced a 70% reduction in quarterly operating expenses from $22M to $6M, achieved through AI efficiencies and staff cuts from 350 to 95 employees. Additionally, LiveOne highlighted expanded B2B deals, including a $20M+ annual run rate with Amazon and a $26M+ revenue run rate with a Fortune 250 partner. Management emphasized leveraging AI to boost ARPU by 60% and outlined plans for a major live event and new market expansion in Africa. These developments signaled operational turnaround and growth potential, contrasting with earlier Q2 earnings misses, and likely drove investor optimism.