NEWS
LiveOne (Nasdaq: LVO) to Report Record Breaking Revenue and EBITDA for Q1 FY2025
LiveOne (Nasdaq: LVO) has reported record-breaking financial results for Q1 FY2025, ending June 30, 2024.
LiveOne (Nasdaq: LVO) has reported record-breaking financial results for Q1 FY2025, ending June 30, 2024.
The company achieved $33.1M in revenue, a 20% increase from Q1 FY24, and $2.9M in Adjusted EBITDA, up 31% over the same period.
LiveOne projects positive cash flow of $17.5M from its core operating business for Q1 2025.
The company realized cost savings of approximately $5M for Q1 and ended the quarter with a cash position exceeding $10M.
Additionally, LiveOne has expanded its share repurchase program from $10M to $12M, demonstrating confidence in its financial strength and future prospects.
CEO Robert Ellin attributes these results to strong revenue growth and effective cost-saving initiatives. As a creator-first music, entertainment, and technology platform, LiveOne continues to focus on delivering premium experiences and content worldwide through various subsidiaries and services.
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