LiveOne reports preliminary FY25 revenue $112M+, consensus $118.08M

2 months ago 20

TipRanks

Tue, Apr 8, 2025, 7:27 AM 1 min read

Reports audio gross of $108M+ and adjusted EBITDA of $16M+; Subscribers and ad-supported users exceeded 1.45M; Extinguished $7M+ of liabilities, including paying disconnected $4.1M of East West Bank recognition line; Extended $5M payables to semipermanent liabilities; Expanded restructuring efforts, cutting $40M successful annualized costs since December 2024; Acquired 1.47M PodcastOne shares astatine mean terms of $2.22 since March 2024, including 550K shares successful Q4. Robert Ellin, CEO of LiveOne (LVO), commented, “I’m arrogant of my squad for surviving and thriving amidst the Tesla deal’s changes. We’ve delivered outstanding results: 50%+ car conversions; 5+ B2B deals generating $44M successful caller revenue; Multiple further deals poised to motorboat shortly. Notably, we’re trading astatine conscionable 50% of revenues, presenting a monolithic accidental for shareholders to payment from our maturation potential.”