New York, July 19, 2024 - PRISM MarketView - AdTech and Media Index company and creator-first music tech platform LiveOne (LVO) announced preliminary and unaudited results for its first quarter. The company anticipates record revenue of $33.1M, an increase of 20% from the previous year’s first quarter. Its expected adjusted EBITDA is reported at $2.9M, which is up 31% from the previous year Q1. The company intends to end the quarter with a cash position over $10M.
“We’re thrilled to announce our anticipated record-breaking Q1 FY2025 results, driven by strong revenue growth and cost savings initiatives. With a solid cash position and expanded share buyback program, we’re poised for continued success.”
LiveOne CEO and Chairman Robert Ellin
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