3.15% stake in PodcastOne, Inc. (Nasdaq: PODC). Bruce Galloway, the Chief Investment Officer stated, "Based on our analysis, PodcastOne's shares are deeply undervalued and continue to trade at a material discount to both revenues and intrinsic value. In the past year, multiple peers in the sector have been acquired at valuations reaching up to 10x revenues—clear evidence of the substantial value ascribed to c. MIAMI--(BUSINESS WIRE)--Galloway Capital Partners, LLC ("Galloway†), announced today a ...

Financial Performance - For the six months ended September 30, 2025, PodcastOne reported revenue of $30.2 million, a 19% increase from $25.3 million in the same period of 2024[125]. - Revenue for the three months ended September 30, 2025, increased by $3.0 million, or 25%, to $15.2 million compared to $12.2 million for the same period in 2024, driven by growth in barter revenue and increased advertising demand[153]. - Revenue increased by $4.8 million, or 19%, to $30.2 million for the six months ended September 30, 2025, compared to $25.3 million for the same period in 2024[162]. - Contribution Margin for the six months ended September 30, 2025, was $5.1 million, compared to $2.6 million for the same period in 2024[175]. - Adjusted EBITDA for the six months ended September 30, 2025, was $1.7 million, compared to a loss of $0.7 million for the same period in 2024[174]. - The company reported a net loss of $2.0 million for the six months ended September 30, 2025, which included non-cash charges of $1.1 million[192]. - The net loss for the three months ended September 30, 2025, was $975,000, compared to a net loss of $1,669,000 for the same period in 2024, resulting in a net loss per share of $0.04[151]. Audience Engagement - PodcastOne has 6.0+ million monthly unique listeners and 17+ million IAB monthly downloads, indicating strong audience engagement[122]. - The company achieved over 3.8 billion network downloads during the quarter ended September 30, 2025, and expanded its programming slate to 194 shows[127]. - The company was ranked as high as 8 on the list of Top Podcast Publishers by Podtrac, reflecting its competitive position in the market[120]. Advertising and Revenue Model - PodcastOne's operating model includes a focus on embedded host read ads, dynamic ads, and programmatic monetization channels to generate revenue[123]. - PodcastOne's advertising strategy emphasizes the effectiveness of host-read embedded promos, with 60% of podcast listeners reporting they have purchased something after hearing a podcast ad[131]. - The company aims to acquire multiple assets over time across a broad spectrum of podcast-related media and companies to drive organic growth and revenue production[122]. - The company is actively pursuing acquisitions of exclusive rights to certain podcasts, including true crime content for potential television and film projects[128]. Operating Expenses - Total operating expenses for the six months ended September 30, 2025, were $32.2 million, compared to $28.3 million for the same period in 2024, reflecting an increase in costs associated with operating as a public company[160]. - Cost of sales for the three months ended September 30, 2025, rose by $2.4 million, or 22%, to $13.5 million, in line with revenue growth as revenue share splits with content creators remained consistent[154]. - Cost of sales rose by $4.2 million, or 19%, to $27.1 million for the six months ended September 30, 2025, in line with revenue growth[163]. - General and administrative expenses increased by $0.3 million, or 22%, to $1.8 million for the three months ended September 30, 2025, attributed to higher stock compensation costs[158]. - General and administrative expenses increased by $0.4 million, or 14%, to $3.3 million for the six months ended September 30, 2025, due to higher professional services and payroll costs[167]. - Stock-based compensation expense for the six months ended September 30, 2025, increased by 169% to $3.4 million, compared to $1.3 million for the same period in 2024[161]. - The company expects operating expenses to continue to increase in dollar amount in the short term due to investments in product innovation and sales growth[145]. Cash Flow and Financing - As of September 30, 2025, the company had cash and cash equivalents of $2.7 million, primarily from operations and a completed private placement offering[178]. - The company completed a private placement offering of unsecured convertible notes totaling $8.8 million, which were fully converted in September 2023[178]. - LiveOne's net cash provided by operating activities for the six months ended September 30, 2025, was $1.78 million, compared to $45,000 for the same period in 2024[191]. - LiveOne's working capital as of September 30, 2025, was $1.3 million, raising substantial doubt about its ability to continue as a going concern[189]. - LiveOne is looking to secure additional interim financing to continue operations beyond November 2026[188]. - The company has a history of losses and must increase revenue and reduce costs to continue as a going concern[190]. - LiveOne's liquidity will depend on converting OEM drivers to direct subscribers and negotiating flexible terms with music labels[187]. Debt and Indebtedness - As of September 30, 2025, LiveOne's total outstanding consolidated indebtedness was $15.6 million, net of fees and discounts[186]. - LiveOne's Initial Debentures have a principal amount of $16.775 million, maturing on May 19, 2028, with an interest rate of 11.75% per year[181]. - The company repaid a total of $3.25 million of the principal amount underlying the ABL Credit Facility, reducing the facility size to $3.75 million[180]. - As of September 30, 2025, the company did not have any debt covenants and was in compliance with all covenants under the Initial Debentures and the Capchase Loan[198]. Asset Management - The amortization of intangible assets decreased by 62% to $125,000 for the three months ended September 30, 2025, compared to $328,000 for the same period in 2024, due to a reduction in content-related amortization[159]. - Amortization of intangible assets decreased by $0.5 million, or 65%, to $0.25 million for the six months ended September 30, 2025, due to a reduction in content-related amortization[168]. - Impairment of intangible assets decreased to zero for the six months ended September 30, 2025, compared to $0.2 million for the same period in 2024[169]. Investment Activities - For the six months ended September 30, 2025, net cash used in investing activities was $0.1 million for the purchase of fixed assets[194]. - For the six months ended September 30, 2024, net cash used in investing activities was also $0.1 million for the purchase of fixed assets[195]. - No cash was used in or provided by financing activities for the six months ended September 30, 2025[196]. - No cash was used in or provided by financing activities for the six months ended September 30, 2024[197].

Anderson Has Worked With Over 7,000 People Around the Globe and Across 6 Continents Help Me, I’m Single is the 17th Podcast Added to PodcastOne Network in 2025 LOS ANGELES, Nov. 13, 2025 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ: PODC), a leading publisher and podcast sales network, announced today that it partnered with a leading dating coach and matchmaker Blaine Anderson to launch a brand-new weekly podcast, Help Me, I’m Single. Help Me, I’m Single is a hilarious, brutally honest, and sometimes emotional po ...

Revenue Growth - Q2 Fiscal 2026 revenue reached $15.2 million, a 22% increase year-over-year[7] - Total revenue for the first half of Fiscal 2026 was $30.2 million, reflecting a 19% year-over-year growth[7] - Revenue for the three months ended September 30, 2025, was $15,156 million, a 24.6% increase from $12,154 million in the same period last year[30] - Revenue from a Fortune 250 partner increased to an annual run rate of $26+ million[7] Adjusted EBITDA Performance - Adjusted EBITDA for Q2 Fiscal 2026 was $1.1 million, up 369% year-over-year[7] - Adjusted EBITDA for the first half of Fiscal 2026 increased to $1.7 million, up 332% year-over-year[7] - Adjusted EBITDA guidance for Fiscal 2026 set between $4.5 million and $6 million[9] - Adjusted EBITDA for the three months ended September 30, 2025, was $1,086 million, compared to a loss of $403 million in the same period last year[26] Podcast Expansion - PodcastOne added 17 new podcasts year-to-date, bringing the total to 210 shows across the network[7] - PodcastOne maintained its position as a Top 10 Publisher in Podtrac rankings for 12 consecutive months, currently ranked 9[7] Partnership and Contracts - Expanded partnership with Amazon from a $16.5 million contract over three years to a $20+ million annual run rate[7] Financial Position - Total assets increased to $22,570 million as of September 30, 2025, up from $21,195 million on March 31, 2025, representing a growth of 6.5%[24] - Current assets rose to $9,178 million, compared to $7,555 million, marking an increase of 21.5%[24] - Total liabilities remained stable at $7,857 million, unchanged from the previous period[24] - Stockholders' equity decreased slightly to $14,713 million from $15,142 million, a decline of 2.8%[24] - Cash and cash equivalents increased significantly to $2,747 million from $1,079 million, a growth of 154.5%[24] - Accounts payable and accrued liabilities rose to $7,329 million, up from $5,539 million, indicating an increase of 32.3%[24] Contribution Margin - Contribution margin for the three months ended September 30, 2025, reached $2,688 million, an increase from $1,075 million year-over-year[30]

Financial Data and Key Metrics Changes - Total revenue for Q2 2026 was $15.2 million, showing a significant improvement from the previous year's $13.5 million [14] - Operating loss decreased to $975,000 from $1.7 million in the same quarter last year, indicating improved operational efficiency [14] - Net loss for the quarter was $975,000 or $0.04 per share, compared to a net loss of $1.7 million or $0.07 per share in the prior year [14] - Adjusted EBITDA turned positive at $1.1 million, a significant improvement from an adjusted EBITDA loss of $403,000 in the same quarter last year [15] - The company ended the quarter with zero debt and $2.8 million in cash and cash equivalents [15] Business Line Data and Key Metrics Changes - PodRoll, the dynamic ad marketplace, generated a 71% increase in revenue, nearly tripling since last year, now becoming a seven-figure revenue tool [10] - Creator monetization initiatives, particularly Adam Carolla's channels, rose 51% from the previous quarter, reflecting strong audience engagement [10] - Programmatic and Amazon's ART19 revenues increased by 14% from Q1, showcasing the strength of the ad tech stack [11] Market Data and Key Metrics Changes - PodcastOne is recognized as a leading pure play podcasting platform, leveraging AI tools for enhanced efficiency and performance [7] - The company continues to attract high-profile talent and shows, with notable guests and collaborations enhancing its market presence [12] Company Strategy and Development Direction - The company focuses on leveraging AI capabilities to optimize operations and expand audience reach, with tools like FlightPath and Booster driving innovation [16] - Strategic partnerships and acquisitions, including collaborations with BuzzFeed, are aimed at expanding content offerings and audience engagement [12][16] - PodcastOne aims to strengthen its position as a leading destination for podcast talent and innovation through continuous improvement and strategic initiatives [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, emphasizing the importance of compelling content and strategic monetization [18] - The company is optimistic about achieving its fiscal 2026 revenue guidance of $55 million to $60 million, contingent on continued audience engagement and sales performance [15][54] Other Important Information - The company highlighted the importance of AI in enhancing production, marketing, and sales efficiencies, with ongoing testing and implementation of new technologies [29] - PodcastOne's reputation as a solid company for creators is seen as a competitive advantage in attracting high-tier talent [41] Q&A Session Summary Question: How much of the ranking success is real growth versus consolidation among competitors? - Management noted that rankings can be tricky and are influenced by various factors, emphasizing revenue growth and sellout rates as more reliable performance indicators [21][24] Question: How much of the AI tools are newly applied versus previously existing? - Management acknowledged that AI has drastically changed over the past year, with many tools being enhanced and newly implemented to improve operational efficiencies [27][29] Question: Can you discuss the competitive environment and talent recruitment? - Management stated that being in the top 10 on PodTrak enhances their ability to attract high-tier talent, with stock-based compensation serving as a unique tool in negotiations [41][44] Question: Can you share details on the expanded Amazon partnership? - Management explained that the partnership grows as they hit impression thresholds, leading to increased minimum guarantees from Amazon [47][48] Question: What is the early pulse check on the advertising environment for the holiday season? - Management reported strong direct sales growth, indicating a positive outlook for ad revenue despite potential competition for impressions [50] Question: What needs to be in place to achieve the high end of the revenue guidance? - Management emphasized the importance of continued audience consumption, effective sales efforts, and maintaining strong partnerships to reach the revenue targets [54]

Financial Data and Key Metrics Changes - Revenue in Q2 2026 was $15.2 million, with an operating loss of $975,000, improved from a loss of $1.7 million in the same quarter last year [11] - Net loss was $975,000, or $0.04 per share, compared to a net loss of $1.7 million, or $0.07 per share in the prior year [11] - Adjusted EBITDA was $1.1 million, a significant improvement from an adjusted EBITDA loss of $403,000 in the same quarter last year [11] - The company ended the quarter with zero debt and $2.8 million in cash and cash equivalents [11] Business Line Data and Key Metrics Changes - Podroll, the dynamic ad marketplace, saw a 71% increase, nearly tripling since last year, becoming a seven-figure revenue-generating tool [8] - Creator monetization initiatives, including Adam Carolla's channels, rose 51% from the previous quarter, indicating strong audience engagement [8] - Programmatic and Amazon's Art19 revenue increased by 14% from Q1 [8] Market Data and Key Metrics Changes - The company reported a record high total revenues for the quarter, marking a significant milestone [8] - The advertising environment is strong, with direct sales at an all-time high, leading to higher CPMs [36] Company Strategy and Development Direction - The company focuses on leveraging AI capabilities to enhance operations, including predictive ad analytics and streamlined ad management [13] - Strategic partnerships and acquisitions, such as collaboration with BuzzFeed and new podcast series, are part of the growth strategy [9] - The company aims to expand its audience through high-profile events and partnerships while maintaining a creator-first approach [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the high end of the revenue guidance of $55 to $60 million for fiscal 2026, contingent on continued consumption growth and successful ad deals [12][37] - The competitive environment is favorable, with the company positioned to attract higher-tier talent due to its strong market presence [31] Other Important Information - The company emphasizes the importance of compelling content, strategic monetization, and strong relationships with talent and advertisers [14] - The AI-driven tools are enhancing production, editing, and distribution efficiency, allowing creators to focus on high-quality content [10] Q&A Session Summary Question: How much of the ranking success is real growth versus consolidation among competitors? - Management noted that rankings can be tricky and are influenced by various factors, emphasizing that revenue growth and sell-out rates are more reliable performance indicators [17][18] Question: How much of the AI tools are newly applied versus previously existing? - Management indicated that AI has drastically changed in the last year, with many enhancements being newly applied to improve operational efficiencies [19][21] Question: Can you discuss the competitive environment and talent recruitment? - Management stated that the company is competitive in attracting talent, leveraging its reputation and stock-based compensation to entice creators [31][33] Question: Can you share details on the expanded Amazon partnership? - Management explained that the partnership grows as the company meets impression thresholds, leading to increased minimum guarantees from Amazon [34][35] Question: What is the early pulse check for the advertising environment? - Management reported strong direct sales performance, indicating a positive outlook for ad revenue during the holiday season [36] Question: What needs to be in place to achieve the high end of the revenue guidance? - Management emphasized the importance of continued consumption growth and successful ad deals to reach the revenue target [37]

Core Insights - PodcastOne reported record financial results for Q2 and the first half of Fiscal 2026, driven by network expansion, advertiser demand, and strategic partnerships [1][4]. Financial Highlights - Q2 Fiscal 2026 revenue reached $15.2 million, a 22% increase year-over-year, while Adjusted EBITDA was $1.1 million, up 369% year-over-year [8]. - For the first half of Fiscal 2026, revenue totaled $30.2 million, reflecting a 19% year-over-year growth, with Adjusted EBITDA at $1.7 million, an increase of 332% year-over-year [8]. - The company raised its Fiscal 2026 guidance, projecting revenues of $56-60 million and Adjusted EBITDA of $4.5-6 million [9]. Operational Highlights - PodcastOne added 17 new podcasts year-to-date, bringing the total to 210 shows across its network [8]. - The company maintained its position as a Top 10 Publisher in Podtrac rankings for 12 consecutive months, currently ranked 9 [8]. - Significant revenue growth was achieved from partnerships, including an expanded agreement with Amazon, increasing from a $16.5 million three-year deal to a $20+ million annual run rate [8]. Management Commentary - The President and Co-Founder emphasized the company's leadership in the podcasting industry through innovation and performance, highlighting the success of AI-powered tools that enhance monetization and production [5]. - The company is focused on leveraging technology to empower creators and deliver measurable results for advertisers, solidifying its position as a premier AI-powered podcast network [6].

Core Points - PodcastOne will host a conference call to discuss its Q2 Fiscal 2026 operating and financial results on November 11, 2025 [1] - The call will be led by PodcastOne President Kit Gray and CFO Ryan Carhart, followed by a Q&A session [1] Company Overview - PodcastOne is a leading podcast platform providing a comprehensive solution in sales, marketing, public relations, production, and distribution [3] - The platform has achieved over 3.9 billion total downloads and has a community of 200 top podcasters [3] - PodcastOne's distribution network reaches over 1 billion monthly impressions across various channels, including YouTube, Spotify, Apple Podcasts, and iHeartRadio [3]

Core Insights - PodcastOne has partnered with BuzzFeed to launch a new original podcast series titled "Phone A Fangirl," targeting K-Pop fans with high engagement potential [1][3] - The podcast will feature notable K-Pop guests such as TOMORROW X TOGETHER, ZEROBASEONE, KAI, and Mingyu x S.Coups of SEVENTEEN, who collectively have a social following exceeding 120 million [1] - The series will consist of 12 episodes and aims to connect fans directly with their favorite idols through interactive formats [2] Company Overview - PodcastOne is a leading podcast platform with over 3.9 billion total downloads and a community of 200 top podcasters [6] - The company has a distribution network that reaches over 1 billion monthly impressions across various channels, including YouTube, Spotify, and Apple Podcasts [6] - BuzzFeed, established in 2006, focuses on creating viral content and aims to provide quality, brand-safe news and entertainment to a wide audience [5]

Core Insights - PodcastOne announced preliminary financial results for Q2 Fiscal 2026, highlighting significant growth in revenue and adjusted EBITDA [1][5] - The company reported over $14.5 million in revenue, representing a 19% year-over-year increase, and adjusted EBITDA exceeding $1 million, a 348% increase year-over-year [5] Financial Performance - Revenue for Q2 Fiscal 2026 reached $14.5 million, marking a 19% increase compared to the previous year [5] - Adjusted EBITDA was reported at over $1 million, reflecting a substantial 348% increase year-over-year [5] - PodcastOne maintained a 9 ranking on Podtrac's Top 10 Publishers rankings for nine consecutive months [5] Company Overview - PodcastOne is a leading podcast platform with over 3.9 billion total downloads and a community of 200 top podcasters [3] - The company has a distribution network that generates over 1 billion monthly impressions across various channels, including YouTube, Spotify, and Apple Podcasts [3] - PodcastOne also offers customizable production packages through its subsidiary, PodcastOne Pro [3]