LiveOne, Inc. Q1 FY2020 Earnings Call

· Earnings call transcript and AI-powered summary

LiveXLive Media Q1 Fiscal 2020 Earnings Summary

  • Quarter Ended: June 30, 2019
  • Revenue: $9.5 million — up 25% year-over-year (vs. $7.6 million in Q1 2019)
  • Adjusted Operating Loss: $4.6 million — flat year-over-year
  • Contribution Margin: $0.5 million — improved from a loss of $0.8 million in Q1 2019
  • Paid Subscribers: 733,000 at quarter-end — up 50% year-over-year (vs. 490,000 in Q1 2019)
  • Livestreamed Events: 9 livestreams in Q1 2020 vs. 5 in Q1 2019
  • Livestream Views: Over 22 million during Q1; year-to-date exceeds 28 million
  • Production Costs: Flat year-over-year at $2.7 million; average cost per event dropped from $559,000 in Q1 2019 to $251,000 in Q1 2020
  • App Launch: New all-in-one app combining Slacker Radio and LiveXLive features launched in May, with 2.0 version following in July adding social features
  • Geographic Reach: Expanded from 125 countries to 179
  • Sponsors: Added partnerships with Kia, Samsung, Dos Equis, Corona; RFPs up 500% year-over-year
  • Strategic Partnerships: iHeartMedia, Afro Nation, Sinclair, Tencent, Tesla, Dailymotion, and others

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Operator: Good day, and welcome to LiveXLive Media Q1 2020 Earnings Conference Call and Webcast. All participants will be in a listen-only mode. [Operator Instruction] After today's presentation, there'll be an opportunity to ask questions. [Operator Instruction] Please note, this event is being recorded. I would now like to turn the conference over to Emily Greenstein, Investor Relations. Please go ahead. Emily Greenstein: Good morning, and welcome to LiveXLive Media's financial results and business update conference call for the first quarter of fiscal year 2020 ended June 30, 2019. Joining me on today's call are Rob Ellin, CEO and Chairman; and Mike Zemetra, CFO. I would like to remind you that some of the statements made on today's call, are forward-looking and are based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements include but are not limited to statements regarding the future performance of LiveXLive Media including expected results for the full fiscal year 2020 and to future growth in the business. Actual results may differ materially from those discussed in this call for a variety of reasons. Please refer to our filings with SEC for information about factors which could cause our actual results to differ materially from these forward-looking statements, including those described in the Company's Annual Report on Form 10-K for the year ended March 31, 2019 filed with the SEC on June 24, 2019 and subsequent SEC

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