LiveXLive Media Announces Record Results For Fiscal 2020
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LiveXLive Media (LIVX) Reports In-Line Q4 EPS, Revenues Miss; Offers FY21 Revenue Outlook
June 18, 2020 4:18 PM EDTLiveXLive Media (NASDAQ: LIVX) reported Q4 EPS of ($0.15), in-line with the analyst estimate of ($0.15). Revenue for the quarter came in at $9.88 million versus the consensus estimate of $10.09 million.
Fourth Quarter 2020 Results Summary Discussion
During Q4 2020, the Company posted revenue of $9.9 million versus $9.2 million in Q4 2019. The increase was largely due to the growth in subscription revenue. Q4 2020 paid subscribers increased 25%, or by a net 169,000 subscribers year-over-year, ending Q4 2020 with 849,000 paid subscribers as compared to 680,000 subscribers at March 31, 2019.LiveXLive streamed 14 live events during its Q4 2020, as compared to 5 in Q4 2019, significantly... More