LiveXLive Media (LIVX) Reports Q2 Loss of $0.20, Revenues Miss; Lifts FY19 Revenue Guidance Above Consensus
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LiveXLive Media Announces Record Results For Second Quarter 2019
November 14, 2018 6:30 AM ESTWEST HOLLYWOOD, Calif., Nov. 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 second quarter ended September 30, 2018. LiveXLive posted record revenue of $8.0 million in Q2 2019, as compared to $7.6 million in Q1 2019, driven by strong subscriber growth and advertising revenue. The Company recorded a loss from operations of $9.5 million, and net loss of $10.3 million in Q2 2019, driven by a higher number of festivals livestreamed and produced, coupled with ongoing operating investments made in Q2 to... More
