Loop Media, Inc. SEC 10-Q Report

Loop Media, Inc., a leading provider of streaming media and advertising services, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant changes in the company's financial performance and operational metrics, reflecting the challenges and strategic shifts the company is undergoing.

Financial Highlights

Revenue: Loop Media reported revenue of $1.29 million for the three months ended June 30, 2025, a substantial decrease from $4.35 million for the same period in 2024. This decline underscores the challenges the company faces in maintaining its sales momentum.

Gross Profit: The gross profit for the three months ended June 30, 2025, was $0.27 million, down from $0.91 million in the same period in 2024, indicating a reduction in profitability.

Loss from Operations: The company reported a loss from operations of $(2.27) million for the three months ended June 30, 2025, compared to $(4.78) million for the same period in 2024, showing a reduction in operating losses.

Net Loss: Net loss for the three months ended June 30, 2025, was $(3.40) million, compared to $(5.45) million for the same period in 2024, demonstrating a decrease in net losses.

Basic and Diluted Net Loss Per Common Share: The basic and diluted net loss per common share was $(0.03) for the three months ended June 30, 2025, compared to $(0.07) for the same period in 2024, indicating an improvement in per-share loss.

Business Highlights

Revenue Segments: Advertising revenue accounted for 78% of total revenue for the three months ended June 30, 2025, and 86% for the nine months ended June 30, 2025. This includes revenue from direct programmatic and local advertising, as well as sponsorships. Legacy and other business revenue, including streaming services, subscription content services, and hardware delivery, accounted for the remaining 22% and 14% of total revenue for the three and nine months ended June 30, 2025, respectively.

Sales Units: As of June 30, 2025, Loop Media had approximately 135,000 active Loop Players and Partner Screens across the Loop Platform. This included 17,996 quarterly active Loop Players, representing a decrease of 3,039 from the previous quarter, and approximately 117,000 Partner Screens, representing an increase of approximately 16,000 from the previous quarter.

Future Outlook: The company anticipates further losses in the foreseeable future and is exploring potential strategic alternatives to maximize shareholder value and evaluate potential financing opportunities. Loop Media is focused on generating sufficient revenue and raising additional funds from equity investments and debt transactions while maintaining reduced spending levels.

SEC Filing: Loop Media, Inc. [ LPTV ] - 10-Q - Aug. 14, 2025