LiveOne Inc Q1 revenue rises but misses estimates
LiveOne Inc Q1 revenue rises but misses estimates
Overview
US music and entertainment platform's Q1 revenue rose slightly but missed analyst expectations
Q1 adjusted EBITDA beat analyst expectations, reflecting operational streamlining and AI initiatives
Company reduced total liabilities and increased cash and equity during the quarter
Outlook
Company did not provide specific financial guidance for the current quarter or full year
Result Drivers
PODCASTONE GROWTH - Co said Q1 revenue increase was mainly driven by higher PodcastOne revenue
SLACKER MARGINS - Co attributed improved operating loss to increased margins from Slacker
AI INITIATIVES - CEO said improved gross margin reflected benefits from AI initiatives and efforts to streamline operations
Company press release: ID:nGNX9xW6fy
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Miss | $19.35 mln | $21.23 mln (4 Analysts) |
Q1 Loss Per Share |
| $0.23 |
|
Q1 Adjusted EBITDA | Beat | $4.32 mln | $1.36 mln (4 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the entertainment production peer group is "buy"
Wall Street's median 12-month price target for LiveOne Inc is $10.50, about 130.3% above its August 11 closing price of $4.56
Reuters Recommended Reads
Aug 12 - PodcastOne Q1 revenue misses estimates
Aug 11 - China's Tencent Music Q2 revenue rises on increased concert, merchandise sales
Aug 10 - Canada's Stingray Q1 revenue beats estimates but margins weigh on profit
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on LiveOne
See all newsLiveOne Inc reports results for the quarter ended June 30 - Earnings Summary
LiveOne Inc Q1 revenue rises but misses estimates
Brief: LiveOne Q1 Adjusted EBITDA USD 4.316 Million Vs. IBES Estimate USD 1.36 Million
LiveOne Inc expected to post a loss of 23 cents a share - Earnings Preview
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