Yes! The ION360 U records up to 4K Ultra HD resolution (3840 x 2160 pixels) at 30fps allowing for high quality live streaming to Facebook & YouTube. Videos are saved in MP4 format encoded with H.264. Audio is via 2-channel stereo.
The camera captures 7.4MP resolution 360-degree photos that you can upload to Facebook and YouTube. Both videos and images are saved on your phone, and are accessed under My Content within the app.