Liveone, Inc. ( (LVO) ) has released its Q3 earnings. Here is a breakdown of the information Liveone, Inc. presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
LiveOne, Inc. is a music, entertainment, and technology platform that focuses on delivering premium experiences and content through memberships and live and virtual events. The company operates within the entertainment industry and is known for its creator-first approach and integration with platforms like Tesla and PodcastOne.
LiveOne reported record revenues of $95.1 million for the nine months ending December 31, 2024. Despite the impressive year-to-date performance, the third fiscal quarter results showed a slight decline in revenue compared to the previous year. The company remains committed to enhancing shareholder value and continues to explore strategic alternatives with the help of J.P. Morgan.
Key highlights from the earnings report include a record revenue of $90.6 million from the Audio Division, marking a 13% year-over-year increase. The company also secured an additional $44 million in contracted revenue and B2B deals. Furthermore, LiveOne added over 800,000 Tesla subscribers, leveraging its partnership to boost its subscriber base. However, the company’s operating loss widened to $5.1 million in the third quarter, primarily due to reduced Audio Division revenue.
Looking forward, LiveOne has updated its guidance for the fiscal year 2025, projecting consolidated revenue between $112 million and $120 million and an Adjusted EBITDA ranging from $6 million to $10 million. The company aims to maintain its growth trajectory while exploring potential acquisitions, divestitures, or mergers to bolster its market position.
