LiveOne and PodcastOne Showcase Financial Growth in Q1 Fiscal 2025 with Robust Revenue and EBITDA Figures
Leading digital entertainment companies LiveOne LVO and PodcastOne PODC, have reported significant financial results for the first quarter of fiscal year 2025. The consolidated revenues for the entities rang in between $140M and $155M indicating a strong market presence and effective business strategies.
Impressive Revenue and EBITDA Performance
LiveOne, Inc. LVO, a comprehensive digital media firm active in the domains of live music, internet radio, podcasting, vodcasting, and related music streaming and video content, has reported a robust quarterly revenue of $33.1M. The audio division, leveraging LiveOne's multifaceted digital platforms, has demonstrated an impressive performance with revenues projected between $130M and $140M. Additionally, the adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is anticipated to be in the range of $20M to $25M for the audio segment.
Strategic Repurchase Program Underway
Further testament to LiveOne's sound financial management and investor confidence is the $6.3M remaining out of a $12M share repurchase program. This strategic move underscores the company's dedication to enhancing shareholder value and its positive outlook towards future growth potential.
PodcastOne PODC Stands Strong
On the other hand, PodcastOne PODC, a part of the Courtside Group hailing from Beverly Hills and a proficient podcast publisher, mirrors this financial fortitude. Details on PodcastOne's individual performance comprised within the consolidated figures point towards a stable and growth-oriented trajectory.
The companies' financial disclosures further affirm their adjusted EBITDA ranging from $16M to $20M for the overall group, underpinning a lucrative period of economic activity and signaling a positive direction for upcoming quarters.
revenue, EBITDA, growth