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LiveOne Preliminary Q1 2025 Revenue $33.1M Vs $32.46M Est.; Adjusted EBITDA Results Of $2.9M

Author: Benzinga Newsdesk | July 18, 2024 08:04am
  • Record revenue of $33.1M for the Q1 FY25, up 20% from Q1 FY24



     
  • Adjusted EBITDA* results of $2.9M, up 31% over Q1 FY24



     
  • Guides positive cash flow from core operating business of $17.5M for Q1 2025



     
  • Realized cost savings of approximately $5M for Q1 and ended Q1 with over $10M cash position



     
  • Company expands share repurchase program from $10M to $12M

LOS ANGELES, July 18, 2024 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ:LVO), a creator-first music, entertainment, and technology platform, announces preliminary fiscal year 2025 Q1 results (ended June 30, 2024).

Posted In: LVO


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