LiveXLive Revenue Rises, Loss Narrows For Fiscal Second Quarter 2021

Revenues Up

LIVEXLIVE MEDIA, INC., parent of PODCASTONE, SLACKER RADIO, and REACT PRESENTS, saw fiscal second quarter 2021 revenue rise 52% year-to-year to $14.5 million, with adjusted operating loss from core operations narrowing from $2.1 million to $100,000 and net loss narrowing slightly from $10.619 million to $10,189 million (19 to 15 cents/basic and diluted share).

Paid subscribers increased 21% to 936,000; the company live-streamed 29 events, up from 10 in fiscal second quarter 2020.

The company is increasing its full-year fiscal guidance to revenue of $63.5-$69.5 million and adjusted operating loss of $2.5-$5 million.

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