LiveOne, Inc. Q2 FY2021 Earnings Call
· Earnings call transcript and AI-powered summary
- Quarter Ended: September 30, 2020
- Record Revenue: $14.6 million, up 52% YoY from $9.6 million in Q2 FY2020
- Adjusted Operating Loss: $1.4 million, a 62% improvement from $3.7 million loss YoY
- Contribution Margin: Increased 148% YoY to $4.3 million from $1.1 million, supported by growth in sponsorship/ad revenue and margins rising to 29.3% from 11.8%
- Revenue By Segment: 53% subscriptions, 39% sponsorship/advertising/licensing, 8% pay-per-view vs. 94% subscriptions, 6% advertising in prior year
- Paying Subscribers: 936,000 as of Q2 end — up 161,000 from prior quarter (notably includes disputed Tesla-related subs held from revenue recognition)
- Live Events: 29 events produced with 75+ million views vs. 8 events in prior year; average cost per event decreased substantially from $262k to $28k
- Balance Sheet Highlights: $21 million in cash, up $8.5 million YoY; $18.5 million increase in working capital; shareholder equity grew by $20.3 million
- Revenue Guidance Raised: New FY2021 guidance of $63.5 million to $69.5 million (previous guidance undisclosed, but raised due to momentum)
Key Business Developments
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