On April 9, 2021, LiveXLive inks a deal with Samsung (OTCMKTS: SSNLF) for all PodcastOne distributed content to be available on Samsung Free service via the Listen tab. Total social media reach across the exclusive PodcastOne talent roster exceeds 240 million. It's PodcastOne generated more than 2.25 billion downloads in 2020, with over 234 exclusive podcast shows and now produces more than 400 podcast episode weekly. LiveXLive's 24-hour linear OTT streaming channel reaches over 300 million people. The Company saw 533% growth in its Q4 fiscal 2021 livestream views hitting 38 million versus 6 million views in the same year ago period. The Company ended Q4 and fiscal 2021 with over 1.075 million paid subscribers and has livestreamed over 140 live music events and 1,781 artists across the LiveXLive platform, generating over 150 million live stream views compared to 42 events, 256 artists and 69 million live streams in prior year. The Company expects full-year 2022 revenues to come in between $100 million to $110 million versus $99.13 million consensus analyst estimates. Adjust fiscal 2021 operating income is expected between $1 million to $3 million. On April 5, 2020, LiveXLive raised it's full-year fiscal 2021 revenue guidance to a range of $64.5 million to $65.5 million versus analyst estimates for $64.09 million. The Company raised full-year fiscal 2022 revenue estimates to come in between $90 million to $100 million versus $91.3 million consensus analyst estimates. Revenues came in at $19.1 million versus $17.7 million consensus. The Company reported an earnings-per-share (EPS) losses of (-$0.12) missing analyst estimates for a loss of (-$0.10) by (-$0.02). On Feb.11, 2021, LiveXLive released its fiscal third-quarter 2021 results for the quarter ending December 2020. This small-cap company is a purely speculative play suitable for nimble traders and seasoned speculators that can keep stop-losses and tolerate high-volatility and periods of thin liquidity. This could be an up-and-coming viable network utilizing social media in an underground manner. The Company is also trying to gain from the non-fungible token (NFT) momentum by opening an NFT division that will mint performances, video and audio content, and digital playing cards. LiveXLive claims to have transcended the 1 million paying subscriber mark and always carries the potential for an acquisition if their portfolio is compelling enough. It also operates Slacker Radio and various podcasts.
TikTokers" pay-per-view boxing event, catering to social media fans and millennials. The independent network offers music-related live and streaming audio and video content along with niche events like its "Social Gloves: Battle of the Platforms: YouTubers vs. Digital media company LiveXLive Media (NASDAQ: LIVX) stock has been a bit of a rollercoaster experiencing extreme spikes and drops as a speculative play on streaming music and video content.
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