Subscriber Growth Drives Revenue Increase For Second Fiscal Quarter 2020 At LiveXLive

Revenue Growth

LIVEXLIVE MEDIA, INC. second fiscal quarter 2020 revenue rose 20% year-to-year to $9.6 million, driven by subscriber growth, and a net loss widening from $10.3 million to $10.6 million (-20 to -19 cents/basic and diluted share). The company ended the quarter with a year-to-year 40% increase in paid subscribers to 775,000.

"LIVEXLIVE continued to make progress during the second quarter of fiscal 2020, highlighted by 20% revenue growth, a significant improvement in contribution margin and 40% growth in paid subscribers year over year," said CEO/Chairman ROBERT ELLIN. "We are revolutionizing livestreaming and music-related content for fans around the world with a music platform that delivers the most unique, social, and immersive experience. LiveXLive has quickly established itself as the authentic global thought leader in live music. We have entered into long-term agreements with major events, created a unique content and global distribution platform, and we and are well positioned for significant growth in the long term."

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