LiveXLive Media Revenues Rise In Fourth Quarter

Q4 Results

LIVEXLIVE MEDIA fourth quarter fiscal 2019 revenue increased 29% year-to-year to $9.2 million, with net loss widening from $9.081 million to $9.7 million (19 cents/share). The company's streaming audio product, the former SLACKER RADIO, saw over 50% growth year-to-year to 720,000 paid subscribers.

"We executed in fiscal 2019, delivering record financial performance each quarter and growing our paid subscriber base over 50% year over year, which today surpassed 720,000 paid subscribers.  In addition, we also drove record growth across active users, total livestream views and number of live festivals streamed," said CEO/Chairman ROBERT ELLIN. "I am proud of the remarkable progress that LIVEXLIVE has made in its first full year as a public company, and more excited about our future."

"We are pleased with our accelerated subscriber growth and record financial performance throughout fiscal 2019," said CFO MICHAEL ZEMETRA. "We ended fiscal 2019 with over 50% growth in paid subscribers and launched key sponsorships and programming across our music platform.  With the year-over-year and sequential improvements in our contribution margins and operating results, we remain well positioned to continue investing in our immediate growth objectives."

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