LiveXLive financials reveal revenues of $10.5m for Q2 2020
Posted on: 10 août 2020, by : Stuart Dredge

US music-streaming and livestreaming company LiveXLive has published its latest financial results, including a new record for quarterly revenues: $10.5m.
That’s in the second quarter of 2020 (its fiscal Q1), with those revenues having grown by 11% year-on-year. The company reported a net loss of $7.5m though, although at least that was down from $11m this time last year.
LiveXLive ran 45 music livestreams last quarter, which it said generated more than 76m live views. The bulk of those came from the 48-hour ‘Music Lives’ online festival in April, which was sponsored by TikTok and Facebook’s Oculus Venues, garnering more than 50m live views.
The post LiveXLive financials reveal revenues of $10.5m for Q2 2020 appeared first on Music Ally.
Source: Music ally

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