Liberated Syndication Inc. (OTC:LSYN)

Liberated Syndication Inc (OOTC:LSYN) ($4.75; $126.2M market cap), a world leading podcast hosting network company, announced the acquisition of Auxbus podcast creation platform. 

“The web-based Auxbus is designed to save podcasters time, while producing professional-quality podcasts that are easy for even the most novice audio creators. Auxbus guides first-time podcasters through planning and creating their content. Auxbus holds proprietary, patent-pending technologies that automatically complete and distribute finished, polished podcasts in moments.”

Management comments:

“Podcasting has undergone dramatic acceleration of new-show formation over the last 12 months, as the creator economy matures and content creators seek durable means of connecting with their audiences. The addition of Auxbus is beneficial to Libsyn’s platform as a one-stop shop for podcasters from veteran professionals to first-timers seeking assistance and guidance on making their initial show a success.”

You can see our past coverage on LSYN here. 

Liberated Syndication Inc (OOTC:LSYN) ($3.77; $102.0M market cap) a world leading podcast hosting network announced Q3 2020 results:

• Sales of $6.5 million vs $6.2 million in the prior year
•  Non-GAAP EPS of $0.02 vs $0.02

“Over the last several months, we have implemented a number of positive changes at Libsyn, strengthening the foundation of the company. During the quarter we were able to take advantage of our strong cash flow to reduce our shares outstanding. Libsyn is well positioned to leverage its excellent financial position, invest in the business and successfully support the execution of Libsyn’s growth strategy.”

Liberated Syndication Inc (OOTC:LSYN) ($3.09; $90.5M market cap) a world leading podcast hosting network announced Q2 2020 results:

• Sales of $6.3 million vs $5.7 million in the prior year
• Non-GAAP EPS of $0.04 vs $0.02 in the prior year

 “We were very pleased to report double-digit revenue growth and solid operating profitability in the second quarter of 2020, which is a testament to the brand recognition of our platform and growth throughout the podcasting market. The Company successfully implemented procedures during the COVID-19 pandemic, maintaining the reliable service offerings and support our customers expect. Even with the overall decrease in audio consumption across the industry during the second quarter due to COVID-19, podcast downloads on the Libsyn platform continue to grow. There was also more content creation during the second quarter, with new signups and episode creation increasing.

Liberated Syndication Inc (OOTC:LSYN) ($3.10; $90.7M market cap) a world leading podcast hosting network announced Q4 2019 results:

• Q4 sales of 6.0 million vs $6.0 million in the prior year
• Q4 EPS of $0.01 vs $0.06 in the prior year

“As we look ahead, we see a bright future for Libsyn. While the COVID-19 pandemic has impacted everyone around the globe, we have been very fortunate to see a continuation of 2019's growth with an increase in new podcast customer sign-ups in the first quarter, with April being our second-best month for sign-ups on record. Our customer churn has remained within the historical range and we are seeing an increase in episode creation by existing customers. We are focused on continuing to deliver high-quality services that enable podcasters to grow their brand during this difficult time. We expect to roll out our new Libsyn5 platform in the second half of 2020 and to accelerate the integration of advertising into our offerings to provide incremental value to our customers and drive revenue and profit growth for our shareholders.”