LiveXLive Media (LIVX) Tops Q3 EPS by 5c, Revenues Miss; Offers FY19 Revenue Guidance Above Consensus

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Go back to LiveXLive Media (LIVX) Tops Q3 EPS by 5c, Revenues Miss; Offers FY19 Revenue Guidance Above Consensus

LiveXLive Media Announces Record Results For Third Quarter 2019

February 12, 2019 4:09 PM EST

WEST HOLLYWOOD, Calif., Feb. 12, 2019 /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 third quarter ended December 31, 2018. LiveXLive posted record revenue and contribution margin (loss)* of $9.0 million and $1.4 million in Q3 2019, respectively, as compared to $8.0 million and ($0.2) million in Q2 2019, respectively, driven by strong subscriber growth and advertising revenue. The Company recorded a loss from operations of $5.7 million, and net loss of $6.6 million in Q3 2019, driven by positive $1.4 million in contribution... More