![]() The increases were driven by growth in advertising, merchandising, pay-per-view ("PPV") and sponsorship revenue. In Q1 Fiscal 2022, LiveXLive posted record revenue of $38.8 million, as well as record contribution margin* of $7.8 million. 12, 2021 /PRNewswire/ - LiveXLive Media (Nasdaq: LIVX) ("LiveXLive"), a global platform for live stream and on-demand audio, video and podcast/vodcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions ("CPS"), announced today record revenue and contribution margin* for its first fiscal quarter ended J("Q1 Fiscal 2022"). ![]() Continued Integration of Business Units Drives Total Annualized Cost Savings in Excess of $5.6 Million Paid subscribers as of Augwas 1,196,000** Monthly average revenue per user was $3.38** in Q1 Fiscal 2022. Paid subscribers as of Jincreased 32% to over 1,162,000**, a net increase of approximately 285,000, as compared to 877,000 subscribers at June 30, 2020. Cash and Cash Equivalents as of Augwas Approximately $18.6 Million. As Compared to Q1 Fiscal 2021, Shareholders' Equity increased by $17.8 Million, Working Capital Increased by $31.2 Million, and Cash Increased by $7.6 Million to $24.7 Million at June 30, 2021. Revenue Streams Diversified in Q1 Fiscal 2022 comprised of 23% Subscription and 77% Sponsorship, Licensing, Advertising, Merchandising, Pay-Per-View Tickets and Events, compared to 84% Subscription and 16% Sponsorship, Licensing, Advertising, Pay-Per-View Tickets and Events in Q1 Fiscal 2021 GAAP Loss from Operations in Q1 Fiscal 2022 was ($10.0) Million while Adjusted Operating Loss* from Operations was ($1.8) Million ![]() LiveXLive Increases Guidance for Fiscal 2022 Revenue to $115 - $125 Million and Maintains Guidance for Adjusted Operating Income* of $6 - $12 Million (Not Including Corporate Overhead) For the First Quarter ended J("Q1 Fiscal 2022"), Revenue Increased 269% year-over-year to a record $38.8 Million compared to $10.5 Million in the prior year while Contribution Margin* Increased 175% to a Record $7.8 Million versus $2.8 Million in the prior year LiveXLive Media Announces 13th Consecutive Quarter Of Record Revenue
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