This is the 2166th most frequent Swedish word.
live
The Swedish word "live" means "live" or "in real time" (e.g., a live broadcast).
The word 'live' here is used as a verb in the present tense describing residing or inhabiting a place.
Jag bor i Stockholm.
I live in Stockholm.
Here, 'live' is used as an adverb indicating that the broadcast occurs in real-time, as opposed to being pre-recorded.
De skickar direktsändningar live.
They broadcast live.
In this case, 'live' acts as an adjective describing the concert as one occurring in real-time with a physical presence of performers.