GAAP basis, Adjusted EBITDA* was a ($4.8) million loss as compared to a ($1.9) million loss in Q3 Fiscal 2021.Īs previously announced, LiveOne is implementing further cost and expense reductions from both operations and corporate overhead which is anticipated to increase the previously implemented $5.6 million of annual cost savings to an estimated total of over $14 million annually.

GAAP basis, LiveOne recorded a loss from operations of ($10.0) million and a net loss of ($11.8) million. In Q3 Fiscal 2022, LiveOne posted revenue of $32.9 million, as well as Contribution Margin* of $5.2 million. Company Will Host a Webcast Today at 4:30 pm ET: įor the nine-month period ended December 31, 2021, revenue increased 112% year-over-year to a record $93.6 million compared to $44.2 million in the prior year, while Contribution Margin* increased 62% to $18.9 million versus $11.7 million in the prior year. LiveOne has Added Over 100 Blue Chip Sponsors and as of January 31, 2022, Has Over 175 in the Sales Pipeline

With the Return of Over 100 Live Events as well as the 10-Year Anniversary of the Spring Awakening Music Festival, LiveOne's React Present Subsidiary is Expected to Swing from Adjusted EBITDA* Loss of a ($3.8 million) in Fiscal 2022 to Adjusted EBITDA* profitability in Fiscal 2023 Total Cost of Content, Including Building LiveOne's Slate of Original Content and Multiple Franchises, is Expected to Normalize to Pre-COVID Levels from Over $19 Million in Fiscal 2022 to Below $10 Million in Fiscal 2023 Cash and Cash Equivalents On Hand at Decemwas $12.7 Million During Fiscal 2022, LiveOne Has Added Over 550,000 New Members of Its New Expanded Membership Program to a total of 700,000 Paid Subscribers as of DecemIncreased 37% to Over 1,369,000**, a Net Increase of Over 369,000** from a Year Ago Company Maintains Guidance for Fiscal 2022 Year Revenue of Between $112 million - $113.5 million and Raises Guidance for Fiscal 2023 Revenue to Between $125 million - $140 million and Adjusted EBITDA* Between $4 Million - $8 Million

Company Maintains Guidance to Achieve Positive Adjusted EBITDA* in Q1 2023 Ending June 30, 2022

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