Trade LiveOne Inc - LVO CFD

LiveOne, Inc. Company profile

About LiveOne Inc

LiveOne, Inc., formerly LiveXLive Media, Inc., is an interactive music, sports, and entertainment subscription platform delivering content and livestreams from the artists. The Company’s platform provides livestream and on-demand audio, video, and podcast/vodcast content in music, comedy and pop culture. Its brands include PodcastOne, SlackerOne, ReactOne, PersonalizedMerchOne and StudioOne. Its StudioOne provides subscription and advertising streaming music service. Its ReactOne produces original music-related content, including live music festivals, concerts and events. Its PersonalizedMerchOne operates as retailer of personalized merchandise and gifts. Its PodcastOne operates a podcasting platform.

Financial summary

BRIEF: For the nine months ended 31 December 2021, LiveOne Inc revenues increased from $44.2M to $93.6M. Net loss increased 33% to $35.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects General and administrative - balance increase from $7.9M to $17.3M (expense), Sales and marketing - Balancing value increase from $4.1M to $8.9M (expense).