earnings
confidence high
sentiment positive
materiality 0.75
LiveOne preliminary Q2 FY2024 record revenue $28M+ and $2.5M adjusted EBITDA
LiveOne, Inc.
- Q2 FY2024 (Sep 30, 2023) preliminary record revenue over $28M and adjusted EBITDA of $2.5M.
- Six-month revenue $55M with adjusted EBITDA $4.7M.
- Audio division (incl. PodcastOne) Q2 revenue $26M+, adjusted EBITDA $5M+.
- Additional $2M in cost cuts, totaling over $32M in reductions.
- Share buyback program has $5M remaining authority.