LiveOne, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 13, 2024 at 06:14 am EST
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LiveOne, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 31.25 million compared to USD 27.31 million a year ago. Net loss was USD 1.57 million compared to USD 2.55 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.03 a year ago.
For the nine months, sales was USD 87.54 million compared to USD 74.06 million a year ago. Net loss was USD 9.67 million compared to USD 4.61 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.05 a year ago.
LiveOne, Inc. offers a creator-first, music, entertainment, and technology platform, which is focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company is engaged in the acquisition, distribution and monetization of live music, Internet radio, podcasting and music-related streaming and video content. It is also engaged in packaging, producing, and broadcasting its live music content across its music platform. In addition, the Company has a distribution relationship with a variety of platforms, including Roku, AppleTV, Amazon Fire, linear over-the-top (OTT) platforms, such as STIRR and XUMO. The Company's subsidiaries include Slacker Radio, PodcastOne, PPVOne, Palm Beach Records, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind.