Morgan, LiveXLive is continuing a process to explore strategic alternatives in order to enhance shareholder value.
As previously announced in January 2021, with the assistance of J.P. Since launching its PPV platform, LiveXLive has generated approximately $16 million in PPV packages, sponsorships, and merchandise sales in the current calendar year. LiveXLive's production of the inaugural live PPV of the Social Gloves: Battle of the Platforms event delivered over 3.5 billion total impressions and Social Gloves drove over 8,000 new paid subscribers of the LiveXLive app. Ellin continued, "We are building long term, sustainable, valuable franchises in audio music, podcasting, OTT, pay-per-view and live streaming." With the imminent return of live music events, we expect an increase in revenue from nearly every aspect of our flywheel – live ticket sales, live stream, pay-per-view, advertising, sponsorship, NFTs, and specialty merchandise." We were able to complete two extremely additive and accretive acquisitions – PodcastOne and our new merchandise company, CPS, which rounds out our flywheel of associated businesses. LiveXLive's CEO and Chairman, Robert Ellin, commented, "Despite tremendous headwinds in calendar 2020 due to COVID 19, we managed record financial results across nearly all operating metrics. 
On a non-GAAP basis, Adjusted Operating Loss ("AOL")* narrowed to ($5.8) million from ($12.6) million in fiscal 2020. GAAP basis, LiveXLive recorded a loss from operations of ($29.4) million and a net loss of ($41.8) million. The increases were driven by growth in advertising, merchandising, pay-per-view ("PPV") and sponsorship revenue. In fiscal 2021, LiveXLive posted record revenue of $65.2 million, as well as record contribution margin* of $16.2 million. (Nasdaq: LIVX) ("LiveXLive"), a global platform for live stream and on-demand audio, video and podcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions ("CPS"), announced today record revenue and contribution margin* for its fourth fiscal quarter and year ended March 31, 2021. LOS ANGELES, J/PRNewswire/ - LiveXLive Media, Inc.
0 kommentar(er)
