LiveXLive Media (LIVX) Misses Q2 EPS by 3c, Revenues Miss; Raises FY21 Revenue Guidance

LiveXLive Media (NASDAQ: LIVX) reported Q2 EPS of ($0.15), $0.03 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $14.56 million versus the consensus estimate of $16.68 million.

LiveXLive CEO and Chairman, Robert Ellin, commented, "Delivering the most authentic voice in music in the past 25 years, LiveXLive is a leading talent-first platform focused on connecting artists with their superfans - building long term, sustainable, valuable franchises in audio music, podcasting, OTT, pay-per-view and live streaming. Delivering our 10th consecutive quarter of record revenues, our team has built one of the most powerful social live music networks in the world to Attend, Listen, Watch, Engage, and Transact. Based on completed and planned pay-per-view events, the substantial increase in sponsorship deals, and an expected improvement in ad revenue, we expect to report our 11th consecutive quarter of record revenue for our current Q3 fiscal quarter."

GUIDANCE:

LiveXLive Media sees FY2021 revenue of $63.5-69.5 million, versus the consensus of $64.07 million.

LiveXLive is raising its full-year fiscal 2021 guidance as follows:

• Revenue of $63.5 - $69.5 million
• Annualized Contribution Margin* of 30% - 35% of revenue
• Adjusted Operating Loss* of ($2.5) - ($5.0) million
• Capital expenditures, which principally include internally capitalized labor costs supporting the growth of our music platform, in the range of $3.0 - $5.0 million
• Expectation to livestream over 100 music festivals and events

For earnings history and earnings-related data on LiveXLive Media (LIVX) click here.

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