Festival live-streamer LiveXLive grows revenue, subs in Q2 2019
Bolstered by livestreaming partnerships with the likes of Sziget, Paléo and Montreux Jazz, newly public LiveXLive grew revenue 5% in the last quarter
News By | 15 November 2018
Live music video platform LiveXLive recorded a 5% quarter-on-quarter increase in turnover in Q2 2019, boosted by growth in paid subscribers, ad revenue and its roster of partner festivals.
The West Hollywood-based company, which listed on the Nasdaq Capital Market in February, LiveXLive posted record-to-date revenue of US$8m in the last quarter, compared to $7.6m in Q1 2019, driven by strong subscriber growth and advertising revenue.
In Q2, LiveXLive livestreamed eight major festivals – Montreux Jazz Festival, Sziget, Paléo Festival Nyon, Global Dance Festival in Denver, Colorado, HARD Summer Music Festival in Fontana, California, Bumbershoot in Seattle, Rolling Loud Festival in California and Life is Beautiful in Las Vegas – up from five in Q1 2019 and three in Q2 2018.
It also increased its paid subscriber base by 12%…
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