LiveXLive Media (LIVX) Reports Q1 Loss of $0.21, Revenues Beat; Offers FY19 Revenue Outlook Above Consensus
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LiveXLive Media Announces Record Results for First Quarter 2019
August 14, 2018 4:05 PM EDTWEST HOLLYWOOD, Calif., Aug. 14, 2018 /PRNewswire/ -- LiveXLive Media, Inc. (Nasdaq: LIVX) ("LiveXLive", or the "Company"), a global digital media company focused on live entertainment, today announced financial results for its first quarter ended June 30, 2018. LiveXLive posted revenue of $7.6 million in Q1 2019, as compared to $7.1 million in Q4 2018, driven by strong subscriber and advertising revenue growth. The Company recorded a loss from operations of $10.1 million, and net loss of $10.7 million in Q1 2019, driven by a higher number of festivals livestreamed and produced, coupled with operating investments made in Q1 to grow the Company, along... More
