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PodcastOne (NASDAQ: PODC) Reports Q2 Fiscal 2025 Financial Results; Revenue Increases 16% YoY to $12.2 Million

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PodcastOne (NASDAQ: PODC) reported Q2 Fiscal 2025 financial results with revenue increasing 16% year-over-year to $12.2 million. The company ranked 12th in Podtrac's Industry Rankings with 5.4 million unique monthly U.S. listeners and 16.2 million global downloads. PodcastOne launched new revenue streams including PodcastOne Pro and premium content paywalls. The company expects Fiscal 2025 revenues to grow at least 17% to a record $51.0 million, with positive Adjusted EBITDA. Despite revenue growth, the company reported an operating loss of $1.7 million and net loss of $(0.07) per share.

PodcastOne (NASDAQ: PODC) ha riportato i risultati finanziari del secondo trimestre dell'esercizio 2025, con un aumento del fatturato del 16% rispetto all'anno precedente, raggiungendo 12,2 milioni di dollari. L'azienda si è classificata al 12° posto nelle classifiche di settore di Podtrac, con 5,4 milioni di ascoltatori unici mensili negli Stati Uniti e 16,2 milioni di download a livello globale. PodcastOne ha lanciato nuove fonti di reddito, tra cui PodcastOne Pro e contenuti premium con paywall. L'azienda prevede che il fatturato per l'esercizio 2025 crescerà almeno del 17%, raggiungendo un record di 51,0 milioni di dollari, con un EBITDA rettificato positivo. Nonostante la crescita dei ricavi, l'azienda ha riportato una perdita operativa di 1,7 milioni di dollari e una perdita netta di $(0,07) per azione.

PodcastOne (NASDAQ: PODC) reportó los resultados financieros del segundo trimestre del año fiscal 2025, con un incremento del 16% en los ingresos en comparación con el año anterior, alcanzando 12.2 millones de dólares. La empresa ocupó el 12° lugar en el ranking de la industria de Podtrac, con 5.4 millones de oyentes únicos mensuales en EE. UU. y 16.2 millones de descargas a nivel global. PodcastOne lanzó nuevas fuentes de ingresos, incluyendo PodcastOne Pro y muros de pago para contenido premium. La compañía espera que los ingresos del año fiscal 2025 crezcan al menos un 17%, alcanzando un récord de 51.0 millones de dólares, con un EBITDA ajustado positivo. A pesar del crecimiento de los ingresos, la empresa reportó una pérdida operativa de 1.7 millones de dólares y una pérdida neta de $(0.07) por acción.

PodcastOne (NASDAQ: PODC)는 2025 회계연도 2분기 재무 결과를 발표하며 수익이 지난해 대비 16% 증가한 1220만 달러에 달한다고 밝혔습니다. 이 회사는 Podtrac의 산업 순위에서 미국에서 월 540만 명의 고유 청취자와 전 세계 1620만 회의 다운로드로 12위에 올랐습니다. PodcastOne은 PodcastOne Pro와 프리미엄 콘텐츠 유료화 등 새로운 수익원을 출시했습니다. 회사는 2025 회계연도 수익이 최소 17% 성장하여 기록적인 5100만 달러에 이를 것으로 예상하며, 조정 EBITDA는 긍정적일 것으로 보입니다. 수익이 증가했음에도 불구하고, 회사는 170만 달러의 운영 손실과 주당 $(0.07)의 순손실을 보고했습니다.

PodcastOne (NASDAQ: PODC) a annoncé ses résultats financiers pour le deuxième trimestre de l'exercice 2025, avec un chiffre d'affaires en augmentation de 16 % par rapport à l'année précédente, atteignant 12,2 millions de dollars. L'entreprise est classée 12e dans le classement de l'industrie de Podtrac, avec 5,4 millions d'auditeurs uniques mensuels aux États-Unis et 16,2 millions de téléchargements dans le monde. PodcastOne a lancé de nouvelles sources de revenus, y compris PodcastOne Pro et des contenus premium avec des murs de paiement. La société s'attend à ce que les revenus de l'exercice 2025 augmentent d'au moins 17 % pour atteindre un record de 51,0 millions de dollars, avec un EBITDA ajusté positif. Malgré la croissance des revenus, l'entreprise a déclaré une perte opérationnelle de 1,7 million de dollars et une perte nette de $(0,07) par action.

PodcastOne (NASDAQ: PODC) hat die finanziellen Ergebnisse für das zweite Quartal des Geschäftsjahres 2025 bekannt gegeben, mit einem Umsatz, der im Vergleich zum Vorjahr um 16% auf 12,2 Millionen Dollar gestiegen ist. Das Unternehmen belegte den 12. Platz im Branchenranking von Podtrac, mit 5,4 Millionen einzigartigen monatlichen Hörern in den USA und 16,2 Millionen Downloads weltweit. PodcastOne hat neue Einnahmequellen eingeführt, darunter PodcastOne Pro und kostenpflichtige Premium-Inhalte. Das Unternehmen erwartet, dass die Einnahmen im Geschäftsjahr 2025 um mindestens 17% auf einen Rekord von 51,0 Millionen Dollar wachsen, bei positivem Adjusted EBITDA. Trotz des Umsatzwachstums berichtete das Unternehmen von einem operativen Verlust von 1,7 Millionen Dollar und einem Nettoverlust von $(0,07) pro Aktie.

Positive
  • Revenue grew 16% YoY to $12.2 million in Q2 Fiscal 2025
  • Projected revenue growth of 17% to $51.0 million for Fiscal 2025
  • Expected positive Adjusted EBITDA for Fiscal 2025
  • Successfully completed second sale of company-owned podcast to major TV network
  • Launched new revenue streams with PodcastOne Pro and premium content paywalls
Negative
  • Operating loss increased to $1.7 million from $1.4 million YoY
  • Adjusted EBITDA declined to $(0.4) million from $0.1 million YoY
  • Net loss of $(0.07) per share in Q2 Fiscal 2025

Insights

PodcastOne's Q2 results show promising growth with $12.2 million in revenue, marking a 16% YoY increase. The company's guidance for FY2025 projects revenue of at least $51 million, representing a 17% growth over FY2024. However, concerns arise from the $1.7 million operating loss and negative Adjusted EBITDA of $0.4 million, compared to positive $0.1 million in the prior year.

Notable developments include revenue diversification through PodcastOne Pro and premium content paywalls. The successful sale of company-owned podcast content to a TV network demonstrates potential for IP monetization. With a market cap of $34.5 million, the company trades at approximately 0.68x forward revenue, suggesting potential undervaluation in the growing podcast market. LiveOne's 72% ownership provides stability but may limit float and trading liquidity.

PodcastOne's positioning as the 12th ranked podcast publisher with 5.4 million U.S. monthly unique listeners and 16.2 million global downloads demonstrates significant market presence. The company's strategic expansion into premium content and professional services through PodcastOne Pro addresses key market trends in podcast monetization.

The dual revenue model combining advertising with subscription/paywall content aligns with industry best practices. However, competition from tech giants and established media companies remains intense. The successful TV network deals indicate potential for cross-media expansion, but sustained profitability will be important for long-term success in this rapidly evolving market.

Expects Fiscal 2025 Revenues to Increase at Least 17% to at Least a Record $51.0 Million, Driving Expected Positive Adjusted EBITDA* in Fiscal 2025

LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ: PODC), a leading podcast platform and a subsidiary of LiveOne (Nasdaq: LVO), has reported its financial results for the fiscal second quarter ended September 30, 2024 (“Q2 Fiscal 2025”).

Key Highlights:

  • Revenue increased 16% to $12.2 million
  • Ranked 12th in Podtrac’s Podcast Industry Top Publishers Rankings for September 2024 with a Unique Monthly Audience of 5.4 million in the U.S., 16.2 million global downloads and 188 exclusive podcasts
  • Launched several additional revenue streams, including PodcastOne Pro and paywalls on several top platforms
  • Successfully completed its second sale of PodcastOne owned podcast to a major television network
  • Expects Fiscal 2025 revenues to increase at least 17% to at least a record $51.0 million; driving expected positive Adjusted EBITDA* in Fiscal 2025

Management Commentary

“The momentum we established in first quarter has continued, evidenced by our 16% revenue growth to $12.2 million in Q2 Fiscal 2025,” said Kit Gray, President and Co-Founder of PodcastOne. “During the quarter, we launched several additional revenue streams for PodcastOne, including PodcastOne Pro — a tailored platform offering studio space, marketing, production, and more for podcast hosts — and paywalls offering premium content for fan-favorites on top platforms such as Apple+, Substack, and most recently, SupportingCast. Paired with our long-term relationships with advertisers and brands, these new revenue streams provide additional avenues for high-margin growth, while diversifying our revenue mix and offering unique services to the entire PodcastOne ecosystem.”

“As we continue to scale our platform and bring on new talent, we are also uniquely positioned to generate a significant return on investment from company-owned podcasts that we grow, evidenced by our second sale of a podcast to a major television network during the quarter. Looking ahead, we will continue focusing on our strategic growth initiatives as the only public-pure play podcast company in the U.S., which ultimately, will drive sustainable, long-term shareholder value," continued Mr. Gray.

Fiscal Second Quarter 2025 Financial Results

Revenue in Q2 Fiscal 2025 increased 16% to $12.2 million, compared to $10.5 million in the same prior year quarter.

Operating Loss in Q2 Fiscal 2025 was $1.7 million, compared to an operating loss of $1.4 million in the prior year quarter.

Net loss in Q2 Fiscal 2025 was $1.7 million, or $(0.07) per basic and diluted share, compared to a net loss of $10.9 million, or $(0.52) per basic and diluted share, in the prior year quarter.

Adjusted EBITDA* in Q2 Fiscal 2025 was $(0.4) million, compared to Adjusted EBIDTA* of $0.1 million in the prior year quarter.

LiveOne currently owns approximately 72% of PodcastOne and it will continue to consolidate PodcastOne’s financial results.

Fiscal 2025 Guidance

PodcastOne expects Fiscal 2025 revenues of at least $51.0 million, representing an increase of at least 17% when compared to revenues of $43.3 million in Fiscal 2024. PodcastOne expects positive Adjusted EBIDTA* in Fiscal 2025.

Conference Call

Management will host an investor conference call at 11:30 a.m. Eastern time, Thursday, November 7, 2024, to discuss PodcastOne’s Q2 Fiscal 2025 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:

Fiscal Second Quarter 2025 Earnings Conference Call

Date: Thursday, November 7, 2024
Time: 11:30 a.m. EST
U.S./International Dial-in: (800) 715-9871
Conference ID: 8741921
Webcast: PODC Fiscal Second Quarter 2025 Earnings Call

Please join at least five minutes before the start of the call to ensure timely participation.

A playback of the call will be available through Thursday, November 21, 2024. To listen, please call (800) 770-2030 within the United States and Canada, using replay pin number 8741921. A webcast replay will also be available using the webcast link above or by visiting PodcastOne’s investor relations page at ir.podcastone.com.

About PodcastOne

PodcastOne (NASDAQ: PODC) is a leading podcast platform that provides creators and advertisers with a full 360-degree solution in sales, marketing, public relations, production and distribution. PodcastOne has over 2.1 billion downloads per year with a community of 250 top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang and A&E's Cold Case Files. PodcastOne has built a distribution network reaching over 1 billion listeners a month across all channels, including its majority shareholder, LiveOne (NASDAQ: LVO), as well as Spotify, Apple Podcasts, iHeartRadio, Samsung and over 150 shows exclusively available in Tesla vehicles. PodcastOne is also the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. For more information, visit www.podcastone.com and follow us on Facebook, Instagram, YouTube and X at @podcastone.

Forward-Looking Statements

All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s and PodcastOne’s ability to consummate any proposed financing, acquisition, special dividend, merger, distribution or transaction, including the spin-out of LiveOne’s pay-per-view business, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne’s ability to continue as a going concern; PodcastOne’s ability to attract, maintain and increase the number of its listeners; PodcastOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; PodcastOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; uncertain and unfavorable outcomes in legal proceedings and/or PodcastOne’s or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; LiveOne’s ability to extend and/or refinance its indebtedness and/or repay its indebtedness when due; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of PodcastOne, LiveOne and/or LiveOne’s other subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in PodcastOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024, filed with the SEC on August 13, 2024, and in PodcastOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and PodcastOne disclaims any obligation to update these statements, except as may be required by law. PodcastOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

Use of Non-GAAP Financial Measures*

To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America ("GAAP"), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization ("Adjusted EBITDA"), which are non-GAAP financial measures, as measures of our performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.

We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segment. We believe that information about these non-GAAP financial measures assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and the other factors that affect reported results. Adjusted EBITDA is not calculated or presented in accordance with GAAP. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.

Contribution Margin (Loss) is defined as Revenue less Cost of Sales. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, and (e) certain stock-based compensation expense. Management does not consider these costs to be indicative of our core operating results.

With respect to projected full fiscal year 2025 Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.

For more information on these non-GAAP financial measures, please see the tables entitled “Reconciliation of Non-GAAP Measure to GAAP Measure” included at the end of this release.  

PodcastOne IR Contact:
Chris Donovan
Managing Director
MZ Group - MZ North America
(914) 352-5853
PODC@mzgroup.us
www.mzgroup.us  

PodcastOne Press Contact:
(310) 246-4600
Susan@Guttmanpr.com  


Financial Information

The tables below present financial results for the three and six months ended September 30, 2024 and 2023.  

 
PodcastOne, Inc.     
Consolidated Statements of Operations (Unaudited)
(In thousands, except share and per share amounts)
 
  Three Months Ended Six Months Ended
  March 31, September 30,
   2024   2023   2024   2023 
         
Revenue: $12,154  $10,516  $25,312  $21,153 
         
Operating expenses:        
Cost of sales  11,142   9,057   22,851   17,279 
Sales and marketing  877   1,451   1,724   2,701 
Product development  13   28   31   55 
General and administrative  1,452   1,215   2,850   2,135 
Impairment of intangible assets  -   -   176   - 
Amortization of intangible assets  328   191   705   216 
Total operating expenses  13,812   11,942   28,337   22,386 
Loss from operations  (1,658)  (1,426)  (3,025)  (1,233)
         
Other income (expense):        
Interest expense, net  -   (654)  -   (2,247)
Change in fair value of bifurcated embedded derivative  -   (8,793)  -   (7,603)
Total other expense, net  -   (9,447)  -   (9,850)
         
Loss before provision (benefit) for income taxes  (1,658)  (10,873)  (3,025)  (11,083)
         
Provision (benefit) for income taxes  11   -   11   - 
Net loss  $(1,669) $(10,873) $(3,036) $(11,083)
         
Net loss per share basic and diluted $(0.07) $(0.52) $(0.13) $(0.54)
Weighted average common shares basic and diluted  24,162,612   20,714,161   23,991,772   20,357,080 


 
PodcastOne, Inc.
Consolidated Balance Sheets (Unaudited)
(In thousands)
 
  September 30, March 31,
   2024   2024 
  (Unaudited) (Audited)
Assets    
Current Assets    
Cash and cash equivalents $1,355  $1,445 
Accounts receivable, net  6,324   6,023 
Prepaid expense and other current assets  661   1,105 
Total Current Assets  8,340   8,573 
Property and equipment, net  311   309 
Goodwill  12,041   12,041 
Intangible assets, net  2,146   3,145 
Related party receivable  281   57 
Total Assets $23,119  $24,125 
     
Liabilities and Stockholders Equity    
Current Liabilities    
Accounts payable and accrued liabilities $6,659  $7,383 
Related party payable  936   315 
Total Current Liabilities  7,595   7,698 
Other long term liabilities  46   86 
Total Liabilities  7,641   7,784 
     
Commitments and Contingencies    
     
Stockholders Equity    
Common stock, $0.00001 par value; 100,000,000 shares authorized; 24,404,187 and 23,608,049 shares issued and outstanding as of September 30, 2024 and March 31, 2024, respectively  -   - 
Additional paid in capital  48,125   45,952 
Accumulated deficit  (32,647)  (29,611)
Total stockholders’ equity  15,478   16,341 
Total Liabilities and Stockholders Equity $23,119  $24,125 


 
PodcastOne, Inc.
Reconciliation of Non-GAAP Measure to GAAP Measure
Adjusted EBITDA* Reconciliation (Unaudited)
(In thousands)
 
        Non-      
        Recurring      
  Net Depreciation   Acquisition and Other (Benefit)  
  Income and Stock-Based Realignment (Income) Provision Adjusted
  (Loss) Amortization Compensation Costs (1) Expense (2) for Taxes EBITDA*
Three Months Ended September 30, 2024              
Total $(1,669) $394  $861  $-  $-  $11  $(403)
               
Three Months Ended September 30, 2023              
Total $(10,873) $253  $854  $413  $9,447  $-  $94 
               
Six Months Ended September 30, 2024              
Total $(3,036) $1,013  $1,254  $38  $-  $11  $(720)
               
Six Months Ended September 30, 2023              
Total $(11,083) $338  $938  $719  $9,850  $-  $762 


 (1) Non-Recurring Acquisition and Realignment Costs include non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, legal, accounting and other professional fees directly attributable to acquisition activity, employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, and certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date. 
     
 (2) Other (Income) Expense above primarily includes interest expense, net and change in fair value of derivative liabilities. These are included in the statement of operations in other income (expense) and are an add back to net loss above in the reconciliation of Adjusted EBITDA* to loss.
     
 *  See the definition of Adjusted EBITDA under “Use of Non-GAAP Financial Measures” within this release.

  

 
PodcastOne, Inc.
Reconciliation of Non-GAAP Measure to GAAP Measure
Contribution Margin* Reconciliation (Unaudited)
(In thousands)
 
  Three Months Ended Six Months Ended
  September 30, September 30,
   2024   2023   2024   2023 
         
Revenue: $12,154  $10,516  $25,312  $21,153 
Less:        
Cost of sales  (11,142)  (9,057)  (22,851)  (17,279)
Amortization of developed technology  (61)  (58)  (121)  (112)
Gross Profit   951     1,401     2,340     3,762  
         
Add back amortization of developed technology:  61   58   121   112 
Contribution Margin* $ 1,012   $ 1,459   $ 2,461   $ 3,874  


* See the definition of Contribution Margin under “Use of Non-GAAP Financial Measures” within this release.

FAQ

What was PodcastOne's (PODC) revenue growth in Q2 Fiscal 2025?

PodcastOne reported a 16% year-over-year revenue increase to $12.2 million in Q2 Fiscal 2025.

What is PodcastOne's (PODC) revenue guidance for Fiscal 2025?

PodcastOne expects Fiscal 2025 revenues to increase at least 17% to a record $51.0 million.

What was PodcastOne's (PODC) Q2 Fiscal 2025 net loss per share?

PodcastOne reported a net loss of $(0.07) per basic and diluted share in Q2 Fiscal 2025.

What new revenue streams did PodcastOne (PODC) launch in Q2 Fiscal 2025?

PodcastOne launched PodcastOne Pro, offering studio space and production services, and implemented paywalls for premium content on platforms like Apple+ and Substack.

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