LiveOne Q4 Revenue Beats Expectations, Membership Surges 39% Y/Y
Portfolio Pulse from Anusuya Lahiri
LiveOne, Inc (NASDAQ:LVO) reported Q4 FY23 revenue of $25.5 million, beating the consensus of $25 million. The company's Audio Division revenue grew to $22.9 million, and paid memberships increased by 39% Y/Y to 2.2 million. The operating loss improved to $(0.9) million from ($8.3) million a year ago. However, EPS loss of $(0.06) missed the consensus loss of $(0.03). LiveOne raised its FY24 Audio Division revenue guidance to $100 million - $110 million and consolidated revenue to $122 million - $130 million.
June 27, 2023 | 7:24 pm
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LiveOne's Q4 FY23 revenue beat expectations and paid memberships increased significantly. However, the EPS loss was greater than expected. The company raised its FY24 revenue guidance.
LiveOne's better-than-expected Q4 revenue and significant increase in paid memberships indicate strong business performance, which is likely to positively impact the stock price. However, the greater-than-expected EPS loss might temper investor enthusiasm. The raised FY24 revenue guidance shows the company's confidence in its future performance, which could further boost investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100