LiveOne, Inc LVO reported fourth-quarter FY23 revenue growth of 9% year-on-year to $25.5 million, beating the consensus of $25 million.
The Audio Division revenue grew to $22.9 million, versus $19.8 million a year ago.
Paid members as of June 26 were 2.2 million, up by 39% Y/Y. Total members, including free ad-supported memberships, were approximately 3.1 million.
The operating loss improved to $(0.9) million against ($8.3) million a year ago.
EPS loss of $(0.06) missed the consensus loss of $(0.03).
LiveOne held $8.6 million in cash and equivalents.
LiveOne raised its FY24 Audio Division revenue guidance to $100 million - $110 million (prior $95 million - $105 million) and consolidated revenue to $122 million - $130 million, versus the consensus of $119 million.
LiveOne's PodcastOne expects to deliver a record-breaking Q1 FY24 of over $10.5 million in revenue and FY24 revenue of $40 million - $45 million.
Price Action: LVO shares traded higher by 5.52% at $1.72 premarket on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.