LiveOne, Inc. Q1 FY2025 Earnings Call

· Earnings call transcript and AI-powered summary

  • Date: August 13, 2024
  • Period Covered: Quarter ended June 30, 2024
  • CEO: Rob Ellin
  • CFO: Aaron Sullivan

Key Financial Results (Q1 Fiscal 2025 vs. Q1 Fiscal 2024)

  • Consolidated Revenue: $33.1 million (up from the prior year period)
  • Consolidated Adjusted EBITDA: $2.9 million (no change from Q1 FY2024)
  • Net Loss: $1.7 million or $0.02 per diluted share
  • Membership Base: Increased to 3.9 million from 3.7 million

Segment Highlights

  • Slacker Radio:
    • Revenue: $18.7 million (Q1 record)
    • Adjusted EBITDA: $5.4 million
    • Continued growth supported by Tesla partnership and expansion of B2B strategy
  • PodcastOne:
    • Revenue: $13.2 million (Q1 record)
    • Adjusted EBITDA: -$300,000 (loss reflects heavy investment in new content)
    • 37 new podcasts added in last 12 months (now totaling 187)

Business Developments

  • Audio division expected to achieve FY2025 revenue of $130–$140 million and adjusted EBITDA of $20–$25 million

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Operator: Hello, and welcome to the LiveOne Incorporated Q1 Fiscal 2025 Financial Results and Business Update Webcast. My name is Elliott and I'll be coordinating your call today. [Operator Instructions]. I would now like to hand over to Aaron Sullivan, CFO. Please go ahead. Aaron Sullivan: Thank you. Good morning and welcome to LiveOne's business update and financial results conference call for the company's first quarter ended June 30, 2024. Presenting on today's call with me is Rob Ellin, CEO and Chairman of LiveOne. 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 various risks and uncertainties. These statements include, but are not limited to, statements regarding the future performance of the company, including expected future financial results and expected future growth in the business. Actual results may differ materially from those discussed on this call for a variety of reasons. Please refer to the company's filing with the SEC for information about factors, which could cause the company's actual results to differ materially from these forward-looking statements including those described in its Annual Report on Form 10-K for the year ended March 31, 2024, and subsequent SEC filings. You will find reconciliations of non-GAAP financial measures to the most comparable GAAP financial measures discussed today in the company's earnings release, whi

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