LiveOne Pre-Announces Its Slacker Subsidiary Results; Expected To Deliver Record 6-Months Revenue Of $31.5M And Adj EBITDA Of $9.1M; Raises FY24 Guidance For Slacker's Revenue To $63M-$66M, With $17M-$19M Of Adj EBITDA
Portfolio Pulse from Benzinga Newsdesk
LiveOne (NASDAQ:LVO) pre-announced its Slacker subsidiary's results, expecting to deliver a record 6-months revenue of $31.5M and adjusted EBITDA of $9.1M. The company also raised its FY24 guidance for Slacker's revenue to $63M-$66M, with $17M-$19M of adjusted EBITDA. Slacker's pipeline expands to 25 Blue Chip Partnerships potentially adding new revenue streams across 5 different verticals. LiveOne will host a special investor Slacker webcast on November 1, 2023.
October 30, 2023 | 5:17 pm
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POSITIVE IMPACT
LiveOne's pre-announcement of Slacker's record 6-months revenue and raised FY24 guidance could potentially boost investor confidence and positively impact the stock price in the short term.
The pre-announcement of record revenues and raised guidance indicates strong performance and future growth potential for LiveOne's Slacker subsidiary. This positive news could attract more investors, leading to increased demand for the stock and potentially driving up its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100