Making Money and Music: LiveOne (LVO) Reports Preliminary Record-Breaking Q1 Revenue and EBITDA
July 19, 2024 at 2:37 pm - by Ashlee Vogenthaler
AdTech and Media Index company and creator-first music tech platform LiveOne (LVO) announced preliminary and unaudited results for its first quarter. The company anticipates record revenue of $33.1M, an increase of 20% from the previous year’s first quarter. Its expected adjusted EBITDA is reported at $2.9M, which is up 31% from the previous year Q1. The company intends to end the quarter with a cash position over $10M.
“We’re thrilled to announce our anticipated record-breaking Q1 FY2025 results, driven by strong revenue growth and cost savings initiatives,” said LiveOne CEO and Chairman Robert Ellin. “With a solid cash position and expanded share buyback program, we’re poised for continued success.”
