Business
LiveOne (Nasdaq: LVO) Reports Q1 Fiscal 2025 Revenue of $33.1M
Adjusted EBITDA* (excluding CPS) of $3.3M Audio Division (Slacker Radio and PodcastOne (Nasdaq: PODC)) Record Revenue of $31.9M (+24% YoY)Adjusted EBITDA* of
About this update from Liveone, Inc.
[{"type":"text","content":"Adjusted EBITDA* (excluding CPS) of $3.3M Audio Division (Slacker Radio and PodcastOne (Nasdaq: PODC)) Record Revenue of $31.9M (+24% YoY)Adjusted EBITDA* of $5.1M Fiscal 2025 Guidance Consolidated Revenue of $140M - $155M, Adj. EBITDA* of $16M – 20MAudio Division Revenue of $130M - $140M, Adj EBITDA* of $20M - $25M Shares Repurchased Total shares 4.38M$6.3M remaining of $12M under repurchase program Senior Management to Host a Live Conference Call and Audio Webcast on Tuesday, August 13, 2024 at 10:00 A.M. ET LOS ANGELES, Aug. 13, 2024 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today its operating results for the first fiscal quarter ended June 30, 2024 (“Q1 Fiscal 2025”). LiveOne’s CEO and Chairman, Robert Ellin, commented, “We are thrilled to announce another quarter of record growth, driven by our Audio Division’s ongoing momentum. With a robust pipeline and four newly signed partnerships, we are excited about our future prospects. Our strategic positioning and operational efficiencies have effectively prepared us to leverage emerging opportunities. As we remain focused on our long-term objectives, we are committed to maintaining our creator-first platform approach and catering to our superfans. Additionally, our continued company share repurchases underscore our belief in the intrinsic value of our shares and demonstrate alignment with our dedicated shareholders.” Recent and Q1 Fiscal 2025 Highlights Paid members as of June 30, 2024 increased 653K or 29%, as compared to the prior year. Total members including free ad-supported memberships was approximately 3.9 million at July 31, 2024.** PodcastOne was 11th in PODTRAC’s Podcast Industry Top Publishers Rankings for June 2024 with a U.S. Unique Monthly Audience of ~5.5M and Global Downloads and Streams of ~17.5M. As previously announced with the assistance of J.P. Morgan, LiveOne is continuing a process to explore strategic alternatives to enhance shareholder value. Potential alternatives may include, among others, a strategic acquisition, divestiture, merger, sale or other form of business combination. There can be no assurance that LiveOne’s efforts will result in a specific transaction or any particular outcome or its timing. Q1 Fiscal 2025 and 2024 Results Summary (in $000’s, except ...