
GAAP basis, LiveXLive recorded a loss from operations of ($29.4) million and a net loss of ($41.8) million. The increases were driven by growth in advertising, merchandising, pay-per-view ("PPV") and sponsorship revenue.

In fiscal 2021, LiveXLive posted record revenue of $65.2 million, as well as record contribution margin* of $16.2 million. (Nasdaq: LIVX) ("LiveXLive"), a global platform for live stream and on-demand audio, video and podcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions ("CPS"), announced today record revenue and contribution margin* for its fourth fiscal quarter and year ended March 31, 2021. LOS ANGELES, J/PRNewswire/ - LiveXLive Media, Inc.
