This past Friday, LIVX announced the Midwest's largest all-electronic music festival, Spring Awakening Music Festival (SAMF), will return to Chicago's Addams/Medill Park on October 2 nd and 3 rd, 2021, for the first "Autumn Equinox" edition of the festival. The upcoming PPV event, Social Gloves, a boxing competition, which pits the world's largest social media stars from YouTube against the new icons from the explosive TikTok platform and a new partnership with Facebook, allows LIVX to capitalize across its flywheel business model, including subscription, advertising, sponsorship, pay-per-view tickets, merchandise, and a new NFT content division. Total social media reach across the exclusive PodcastOne talent roster now exceeds 240 million. Likewise, PodcastOne now generates more than 2.25 billion downloads per year, has over 235 exclusive podcast shows, and produces more than 400 podcast episodes per week. LiveXLive's 24-hour linear OTT streaming channel now reaches over 300 million people. Additionally, during FY 2021, LiveXLive livestreamed 27 Pay-Per-View (PPV) events, sold over 68,000 PPV tickets with an average ticket price of $26.73, and generated total PPV revenue of $2.4 million, including ticket sales, merchandising, vodcasting/podcasting, advertising, and sponsorships. In Q4 FY 2021 alone, livestream views grew 533% to 38 million compared to 6 million livestream views in Q4 FY 2020. During FY 2021, LiveXLive livestreamed over 140 live music events and 1,781 artists across the LiveXLive platform, generating over 150 million livestream views, as compared to 42 events, 256 artists, and over 69 million livestream views in the same period a year ago. It ended FY 2021 with over 1.075 million paid subscribers showing excellent overall growth. The company also provided an update on its impressive growth metrics. Its upcoming Social Gloves live event in Miami has the potential to be a huge revenue driver for the company as its flywheel business model kicks into high gear. As vaccination rates climb and COVID cases decline, this could set LIVX up to raise guidance even further. Intriguingly, this increased guidance does not even include any revenue from its live events business due to COVID-19. Last month, LIVX announced it was increasing its revenue guidance for the fiscal year ending March 31, 2022, to $100 million to $110 million with Adjusted Operating Income of $1.5 million to $3.0 million, which would be up from updated revenue guidance for the fiscal year ended March 31, 2021, of $64.5 million to $65.5 million. May 20, 2021) - PCG Digital - With LiveXLive (NASDAQ: LIVX) presenting at premier investor conference s on May 19 th and the 26 th that will be attended by some of the biggest institutional investors, it will be very interesting to hear more about what is driving the company's growth.
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