LiveOne Announces Record September Premium Membership Growth; Adds 51,000 New Premium Members; New Premium Membership Increased ~700,000, Up 40% YoY; Reiterates Guidance For 800K-825K New Premium Members For Fiscal Year
Portfolio Pulse from Benzinga Newsdesk
LiveOne (LVO) has announced a record growth in its premium membership in September, adding 51,000 new members. The company's new premium membership has increased by approximately 700,000, a 40% YoY increase. The number of new Tesla premium members has increased by 357,000 over the last six months. LiveOne reiterates its guidance for 800K-825K new premium members for the fiscal year.
October 04, 2023 | 4:33 pm
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LiveOne's record growth in premium membership, including a significant increase in Tesla premium members, indicates a strong revenue growth potential. The company's reiterated guidance for the fiscal year also shows confidence in its growth trajectory.
The significant increase in premium membership, including Tesla premium members, indicates a strong demand for LiveOne's services. This, coupled with the company's reiterated guidance for the fiscal year, suggests a positive outlook for the company's revenue growth, which could positively impact the stock price.
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