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LVO — LiveOne News Story

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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.)

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