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PodcastOne, Inc. (NASDAQ: PODC) is a leading podcast platform and publisher offering a full suite of services including sales, marketing, production, and distribution. Established in 2012 by Kit Gray and Norm Pattiz, PodcastOne provides content across top podcasting platforms such as Spotify, Apple Podcasts, Amazon Music, and more. The company boasts over 2.1 billion downloads per year and reaches over 1 billion listeners monthly.
PodcastOne operates as a subsidiary of LiveOne, Inc. (NASDAQ: LVO), which holds approximately 73% of its outstanding common stock. The company's extensive content portfolio includes popular podcasts like Cold Case Files, I Survived, The Adam Carolla Show, and Baby Mamas No Drama. Recently, the company announced an extended agreement with A+E Networks for exclusive rights to new podcasts based on A+E’s hit TV series, including American Justice and City Confidential.
PodcastOne has achieved significant milestones, including the nomination of Baby Mamas No Drama for Best Lifestyle Podcast at the 28th Annual Webby Awards and its acquisition of KSL Podcasts' new true crime series, Ransom: Position of Trust. The company's innovative platform, LaunchpadOne, allows independent podcasters to launch, distribute, and monetize their shows.
Financially, PodcastOne is on a growth trajectory with projected revenue of $50M-$55M for FY25, reflecting an increase from FY24’s anticipated $43.3M. The company’s content partnerships, such as the recent agreement with a major studio to sell TV rights for the podcast Vigilante, underscore its ongoing expansion and diversification efforts.
For more information about PodcastOne, visit PodcastOne.com and follow them on social media at @podcastone.
PodcastOne (NASDAQ: PODC) anticipates record quarterly revenue of $13M for Q1 2025, ending June 30, 2024. This represents a 21% increase ($2.5M) compared to the same quarter last year. The company has achieved significant milestones:
- Ranked #11 by Podtrac, surpassing major competitors
- 5.5M US unique monthly audience
- 17.5M global downloads and streams
- 185 active podcasts and shows
- Launched 10 new podcasts this quarter
PodcastOne's President and Co-Founder, Kit Gray, expressed excitement about the company's growth and future prospects in the podcasting industry. These preliminary results are subject to finalization during the quarter-end closing procedures.
PodcastOne (NASDAQ: PODC) has signed comedians Chris Kattan, Andy Bolduc, and Joseph Nuñez to a multi-year deal for their new podcast, Idiotically Speaking. Set to debut on July 24, 2024, the weekly comedy variety show will feature Saturday Night Live alums and comedians as guests, including Fred Armisen, Dana Carvey, and Cecily Strong.
The podcast will combine Q&A and improv formats, marking PodcastOne's 10th new addition this fiscal year and 41st in the last 12 months. PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), now boasts a total of 185 podcasts in its network, delivering over 2.1 billion downloads per year.
PodcastOne (NASDAQ: PODC) has signed a multi-year deal for its latest podcast, Wholeheartedly with Kendall and Galey, hosted by fitness instructor Kendall Toole and HBO MAX host Galey Alix. Debuting on July 17, 2024, the show will feature weekly episodes on Wednesdays, discussing personal growth, mental health, and home renovation experiences.
The addition of this podcast marks the 9th new show this fiscal year and the 40th in the past 12 months, bringing the total to 185 podcasts. The combined social following of the hosts exceeds 6 million followers. President and Co-Founder of PodcastOne, Kit Gray, expressed enthusiasm about the duo's energy and relatability. The podcast will be available on major platforms including Apple Podcasts, Spotify, and Amazon.
PodcastOne (NASDAQ: PODC) announces a collaboration between its podcast 'Gals on the Go' and skincare brand fresh beauty. This joint effort includes a live podcast recording event on June 22, 2024, at the Second Annual fresh Beauty Rose Pop-Up in New York City. The event will feature hosts Danielle Carolan and Brooke Miccio as they discuss topics related to fresh's Rose Collection and engage with a live audience. The partnership also involves an influencer dinner hosted by Carolan and Miccio. Gals on the Go provides a platform for discussing various social and lifestyle issues and is available on multiple podcast platforms.
PodcastOne (PODC), a prominent podcast platform and a subsidiary of LiveOne (LVO), has announced its participation in the iAccess Alpha Buyside Best Ideas Summer Conference 2024, scheduled for June 25 and 26, 2024. Kit Gray, President and Co-Founder of PodcastOne, will deliver a company presentation on June 25, 2024, at 1:00 PM ET. The event includes webcast presentations on the first day and one-on-one meetings on the second day, offering an opportunity for investors to engage with company management. The presentation will be webcast live and available for replay on both the conference's and PodcastOne's websites.
PodcastOne (NASDAQ: PODC) announced the addition of a new podcast, Tactful Pettiness, to its network. Hosted by Cody Rigsby and Andrew Chappelle, this cultural comedy podcast will debut on June 20, 2024, with new episodes airing every Thursday. PodcastOne will manage exclusive distribution, sales rights, and production.
This marks the 8th new podcast added to PodcastOne's network this fiscal year and the 39th in the past 12 months. The company now hosts 184 shows in total. The combined social following of the hosts exceeds 2 million.
Cody Rigsby is known for his work with Peloton and as a New York Times Best Selling Author, while Andrew Chappelle has a notable career on Broadway and in film. Both bring significant followings and diverse talents to the new venture.
PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), claims a reach of over 1 billion listeners per month and offers over 2.1 billion downloads annually.
PodcastOne (NASDAQ: PODC) has announced the appointment of Jon Merriman to its Board of Directors. Merriman, a veteran with over 35 years in investment banking and financial services, is currently the Chief Business Officer at B. Riley Financial and the Senior Managing Director at B. Riley Securities. PodcastOne President Kit Gray highlighted Merriman's expertise in identifying high-growth companies and his extensive network as key assets for the company's growth. Merriman expressed enthusiasm about joining PodcastOne at a pivotal growth stage, citing the company's impressive market impact and recent B2B partnerships.
PodcastOne (Nasdaq: PODC) announced its fiscal year 2024 results, reporting record revenue of $43.3 million, a significant increase from $34.6 million in the prior year. For Q4 FY 2024, revenue reached $11.7 million, up 32% year-over-year.
The company posted an adjusted EBITDA of $0.7 million for FY 2024 and $258K for Q4 FY 2024, reflecting improved financial performance. Shareholders' equity increased by $9 million, and liabilities were reduced by $13 million. All debt was extinguished, with $3 million repaid in cash and $7 million converted into shares.
PodcastOne has raised its FY 2025 revenue guidance to $51-56 million. LiveOne (Nasdaq: LVO) acquired 159,000 PODC shares at $3 per share and continues to acquire more shares. A special shareholders call is scheduled for June 5, 2024, at 10:00 A.M. ET.
PodcastOne (NASDAQ: PODC), a major podcast platform, has announced the LADYGANG podcast's “You Never Forget Your First” tour, presented by CLEARSTEM. The tour will include stops across North America from August to December 2024, featuring cities like New York, Boston, and Atlanta. Hosted by Keltie Knight, Becca Tobin, and Jac Vanek, the podcast boasts over 250 million downloads and more than 800 episodes. The tour offers VIP packages with exclusive merchandise and CLEARSTEM skincare products. Tickets are available from May 21, 2024, via their website.
PodcastOne (NASDAQ: PODC) has launched its newest podcast, We (Almost) Made It with Bryan Greenberg and Victor Rasuk, which debuted on May 16, 2024. This marks the 37th show added in the past 12 months, and 7th this year, bringing their total to 186 programs. Greenberg and Rasuk, known for their roles in HBO’s How to Make It in America, will host the weekly podcast focusing on diverse topics like film, TV, music, and entrepreneurship. PodcastOne will handle exclusive distribution, sales rights, and production. The podcast can be accessed on platforms like Apple Podcasts, Spotify, iHeart, and Amazon.
PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), delivers over 2.1 billion downloads annually and reaches 1 billion listeners monthly through various channels. It also supports independent podcasters via its LaunchpadOne platform.
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