LiveXLive discloses PodcastOne metrics (2.38B downloads/year) in earnings call

Streaming concert service LiveXLive acquired PodcastOne in May of last year. In its Q2 earnings report, LiveXLive CEO and Chairman Rob Ellin evangelized the acquisition: “LiveXLive expects the acquisition to be accretive, strengthen its balance sheet and diversify its business model with a significant advertising component.”

In its Q2 earnings call, Ellin again cited the potential growth capacity of PodcastOne — “The acquisition of PodcastOne in July continues to be meaningful and accretive.” He cited a handful of metrics:

• PodcastOne served 2.38-billion downloads in the 12-month period ending June 30.
• The podcast company owns and operates 235 exclusive shows.
• PodcastOne produced over 300 episodes per week.

Ellin referred to PodcastOne’s content business as being part of “a flywheel of wholly owned businesses that work together in a complementary and synergistic fashion.”

The earnings report was for the business as a whole, of course, and these are the key financials:

• Revenue increased 69% (to $28.8-million)
• Thirteen consecutive quarter of record revenue
• 175% increase in contribution margin to $7.8-million
• Full-year guidance increased to between $115-million and $125-million.

.