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…
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