LiveOne Q2 FY2024 revenue $28.5M (+21% YoY), net loss $6.5M, guidance mixed

LiveOne, Inc.

Revenue $28.5M, up 21% YoY; net loss $6.5M ($0.07/sh) vs $3.4M loss prior year.
Adjusted EBITDA $2.8M vs $4.4M prior year; decline due to prior-period settlements.
Paid members 2.4M (+38% YoY); PodcastOne revenue $10.5M (+24% YoY).
FY2024 guidance: consolidated revenue $114-120M, Adj. EBITDA $12-16M; Audio Division revenue raised to $105-110M.
PodcastOne acquired Kast Media shows (all-stock) expected to add up to $10M revenue; Tesla renewed for 10th year.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LiveOne, Inc. reported second quarter and six months ended September 30, 2023 results: revenue $28,528, net income $(6,518), EPS $(0.07). Guidance raised.

Period: second quarter and six months ended September 30, 2023
Revenue: $28,528
Net income: $(6,518)
EPS: $(0.07)
Guidance: raised
Result: reported results

Exact text from the filing

Q2 FY 24 and Q2 FY23 Results Summary (in $000’s, except per share; unaudited) Three Months Ended September 30, Six Months Ended September 30, 2023 2022 2023 2022 Revenue $ 28,528 $ 23,532 $ 56,295 $ 46,755 Operating income (loss) $ (2,515 ) $ (987 ) $ (2,754 ) $ (750 ) Total other income (expense) $ (4,024 ) $ (2,393 ) $ (4,204 ) $ (1,284 ) Net income

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LiveOne, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-084962

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