Business
LiveOne (NASDAQ: LVO) Announces Expected Fiscal Q2 2024 Record Revenue of $28M+ and $2.5M Adjusted EBITDA* with Trailing Six-Month Revenue of $55M and $4.7M Adjusted EBITDA*
- Audio Division Expects Q2 Revenue including PodcastOne (NASDAQ: PODC) and Slacker Radio of $26M+ and Adjusted EBITDA* of $5M+ - Audio Division Six Months
About this update from Liveone, Inc.
[{"type":"text","content":" - Audio Division Expects Q2 Revenue including PodcastOne (NASDAQ: PODC) and Slacker Radio of $26M+ and Adjusted EBITDA* of $5M+ - Audio Division Six Months Revenue of $51.7M and $9M+ of Adjusted EBITDA* - LVO Slashes Additional $2M of Costs, Now Totaling Over $32M - LVO Continues to Expand its Share Buyback Program Which Currently has $5M Remaining LOS ANGELES, CA, Oct. 19, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today certain of its preliminary and unaudited results for the second quarter and first six months ended September 30, 2023 (“Q2 Fiscal 2024”). The select anticipated financial results discussed in this press release are based on management's preliminary unaudited analysis of financial results Q2 Fiscal 2024. As of the date of this press release, LiveOne has not completed its financial statement reporting process for Q2 Fiscal 2024, and LiveOne's independent registered accounting firm has not audited the preliminary financial results discussed in this press release. During the course of LiveOne's quarter-end closing procedures and review process, LiveOne may identify items that would require it to make adjustments, which may be material, to the information presented above. The estimated preliminary unaudited financial results contained in this press release are based only on currently available information as of the date hereof. As a result, the estimates above constitute forward-looking information and are subject to risks and uncertainties, including possible adjustments to preliminary financial results, and are not guarantees of future performance and may differ from actual results. The timing, price and actual number of shares repurchased under the stock repurchase program will be at the discretion of LiveOne's management and will depend on a variety of factors, including stock price, general business and market conditions, and alternative investment opportunities. The repurchase program will continue to be executed consistent with LiveOne's capital allocation strategy, which will continue to prioritize growing LiveOne's business. Under the stock repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases, all in compliance with the rules o...