LiveOne Is Raising Its Guidance For FY24 For Its Audio Division Revenue To $100M-$110M And Adj EBITDA To Between $18M-$21M, As Well As Co Consolidated Revenue Of $122M-$130M And Adjusted EBITDA To Between $12M-$16M For FY24
Portfolio Pulse from Happy Mohamed
LiveOne has raised its guidance for FY24, with Audio Division revenue expected to reach $100M-$110M and Adjusted EBITDA between $18M-$21M. The company's consolidated revenue is projected to be $122M-$130M, with Adjusted EBITDA between $12M-$16M.
June 27, 2023 | 12:31 pm
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LiveOne has increased its FY24 guidance, with higher revenue and Adjusted EBITDA projections for both its Audio Division and the company as a whole.
The raised guidance for LiveOne's Audio Division and consolidated revenue, as well as Adjusted EBITDA, indicates a positive outlook for the company's performance in FY24. This is likely to have a positive impact on LVO's stock price in the short term.
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