LiveOne Says Added 63K+ New Paid Memberships In December With ARPU Of $3.10+, Expects New Paid Membership Growth To Exceed 1M In Calendar Year 2024
Portfolio Pulse from Bill Haddad
LiveOne reported adding over 63,000 new paid memberships in December, with an Average Revenue Per User (ARPU) of over $3.10. The company anticipates its new paid membership growth to surpass 1 million in the calendar year 2024.
December 29, 2023 | 6:49 pm
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LiveOne's announcement of significant new paid membership additions and a healthy ARPU suggests strong revenue growth, which could positively impact investor sentiment and the stock price in the short term.
The addition of over 63,000 new paid memberships in a single month indicates robust business growth for LiveOne, which is likely to increase investor confidence in the company's revenue prospects. An ARPU of over $3.10 further demonstrates the company's ability to monetize its user base effectively. The expectation to exceed 1 million new paid memberships by 2024 sets an optimistic future outlook, which could lead to increased investor interest and a potential rise in the stock price in the short term.
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