LiveOne posts record 9M Adj EBITDA $9.4M, revenue $74.1M; raises FY guidance to $11-12M

LiveOne, Inc.

2023-Q3 EPS reported -$0.05 revenue$74,063,000

Nine-month FY2023 revenue $74.1M, Adjusted EBITDA $9.4M record; Q3 revenue $27.3M, Adj EBITDA $3.0M.
Paid members 1.96M (+553K YoY, +40%); total members approx. 2.8M.
Debt holders exchanged $21M debt for preferred shares convertible at $2.10 per share.
Expanded stock repurchase program by $2M; S-1 filed for PodcastOne spin-out.
Audio Division 9M revenue $64M, Adj EBITDA $15M; Slacker Radio IPO planned in FY2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LiveOne, Inc. updated its third quarter ended December 31, 2022 guidance (raised).

Period: third quarter ended December 31, 2022
Guidance: raised
Result: reported results

Exact text from the filing

LiveOne Reports Record Nine Months Fiscal 2023 Adjusted EBITDA* of $9.4M and Revenue of $74.1M - Audio Division Revenue of $64M and Adjusted EBITDA* of $15M for Nine Months Fiscal 2023 with Q3 Fiscal 2023 Revenue of $22M and Adjusted EBITDA* of $5.1M - Raises Company Guidance for Fiscal 2023 Adjusted EBITDA* to $11M - $12M

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LiveOne, Inc. reported first nine months ended December 31, 2022 results: revenue $74.1 million, net income net loss of $5.3 million, EPS $(0.06) per diluted share. Guidance raised.

Period: first nine months ended December 31, 2022
Revenue: $74.1 million
Net income: net loss of $5.3 million
EPS: $(0.06) per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

LiveOne posted consolidated revenue of $74.1 million, as well as Contribution Margin* of $25.6 million. LiveOne posted a net loss of $5.3 million on a consolidated basis, or $(0.06) per diluted share for the same period.

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LiveOne, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-009556

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