Core Insights - PodcastOne has extended its multiyear partnership with Adam Carolla for "The Adam Carolla Show," which has surpassed 700 million total downloads and celebrated its 4000th episode in 2025 [1][2][3] Company Overview - PodcastOne is a leading podcast platform that offers a comprehensive solution in sales, marketing, public relations, production, and distribution, with over 3.9 billion total downloads and a community of 200 top podcasters [5] - The company has built a distribution network that reaches over 1 billion monthly impressions across various channels, including YouTube, Spotify, Apple Podcasts, and iHeartRadio [5] Podcast Highlights - "The Adam Carolla Show" has been entertaining audiences since 2009, featuring a diverse range of guests such as Jimmy Kimmel, Jay Leno, and Nicolas Cage, and remains one of the most popular podcasts globally [2] - The podcast will now be available on SiriusXM's The Megyn Kelly Channel for same-day distribution from January 26, airing Tuesdays through Fridays from 7-9 am ET [1][2] Industry Impact - Adam Carolla is recognized for paving the way for podcasters worldwide, and his show continues to grow in both audience and advertiser interest, reflecting the increasing popularity of the podcasting genre [3]

Group 1 - LiveOne will introduce its B2B partners to shareholders and investors at Mar-a-Lago on December 17, 2025 [1] - LiveOne is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, CA [2] - The company focuses on delivering premium experiences and content worldwide through memberships and live and virtual events [2] Group 2 - LiveOne's subsidiaries include Slacker, PodcastOne, PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind [2] - The company operates an over-the-top application powered by Slacker, available on multiple platforms including iOS, Android, Roku, and others [2] - For more investor information, LiveOne provides resources on its investor relations website [2]

Core Insights - PodcastOne has renewed its agreement with the LadyGang podcast, celebrating a decade-long partnership and 1,000 episodes with over 300 million downloads to date [1][3]. Company Overview - LadyGang, hosted by Keltie Knight, Becca Tobin, and Jac Vanek, has been featured in major media outlets and has hosted a podcast festival called LadyWorld, showcasing various podcast creators [2]. - The podcast has established long-term brand partnerships with notable companies such as Skims, Vogue, Chanel, and Disney, contributing to its success [2]. Industry Impact - LadyGang has maintained a consistent release schedule, producing content weekly for ten years, and has become a trusted voice in the podcasting industry [3]. - The podcast's mission to connect women has resulted in over 300 million downloads and significant social media engagement, including over 100 million video views [5]. - LadyGang has set a standard for modern podcasting through innovative marketing strategies, community engagement, and diverse revenue streams, including merchandise and live shows [5]. Recognition and Achievements - LadyGang has received nominations for prestigious awards such as the People's Choice Award and the Webby Award, and was recognized as "Podcast of the Year" upon its debut [5].

Core Insights - The Dr. Gundry Podcast, hosted by Dr. Steven Gundry, has achieved significant milestones, including 18 million all-time downloads and 548 total episodes since its launch in 2018 [1][2] - The podcast has expanded its global reach, providing science-based wellness advice to audiences in over 100 countries and achieving over 100 million views on its YouTube channel [2][3] Company Overview - The Dr. Gundry Podcast is a leading health podcast that focuses on gut health, nutrition, and longevity, emphasizing the importance of diet and lifestyle changes for improved health [5][9] - PodcastOne, the hosting platform for The Dr. Gundry Podcast, has surpassed 3.9 billion total downloads and has a community of 200 top podcasters, enhancing the podcast's distribution and audience engagement [7] Audience Engagement - The podcast features engaging solo episodes and discussions with renowned experts, providing practical, science-based advice to help listeners improve their health naturally [6][8] - Dr. Gundry's message emphasizes the healing of the microbiome through dietary choices, aiming to empower listeners to reclaim their health [4][5]

Core Insights - LiveOne's subsidiary PodcastOne and Dr. Phil's Envoy Media Co. have launched a co-branded multi-platform podcast network, debuting with over 200 podcasts and 15,000 hours of premium content [1][3] - The network aims to leverage Dr. Phil's extensive social media following, which exceeds 27 million across various platforms, to enhance audience engagement [1][3] - The partnership combines PodcastOne's top-tier creators with Dr. Phil's media presence, creating a comprehensive podcast listening and advertising suite across multiple platforms [3][4] Company Overview - PodcastOne has surpassed 3.9 billion total downloads and has a community of 200 top podcasters, reaching over 1 billion monthly impressions across channels like YouTube and Spotify [5] - Envoy Media Co. was launched in July 2025 and focuses on multi-platform content development, production, and distribution, led by Dr. Phil, a prominent media figure [6][9] - The new network will provide a scalable platform for both established stars and emerging creators, enhancing promotional reach and advertising opportunities [4][9] Distribution and Reach - The network will be available on Envoy TV, which is accessible via Charter/Spectrum Cable in 41 major US markets, and on the free streaming service Envoy FAST, reaching over 110 million homes [2][8] - The partnership will also broadcast new Envoy podcast content on national TV networks, expanding its audience reach significantly [2][3] - The combined efforts of Dr. Phil and PodcastOne aim to deliver engaging content to millions of podcast fans across various media platforms [4][9]

Core Insights - PodcastOne has secured a multi-year agreement with Clint Frazier for the exclusive distribution rights to his podcast "Life After the Show," marking the 19th addition to its network in 2025, bringing the total to 211 podcasts [1][6] Company Overview - PodcastOne is a leading podcast platform that offers a comprehensive solution in sales, marketing, public relations, production, and distribution, boasting over 3.9 billion total downloads and a community of 200 top podcasters [6] - The platform reaches over 1 billion monthly impressions across various channels, including YouTube, Spotify, Apple Podcasts, and iHeartRadio [6] Podcast Content - "Life After the Show" features weekly episodes where Frazier discusses current baseball issues, interviews former teammates and insiders, and shares his personal experiences post-major league career [2][4] - The podcast aims to provide unfiltered stories and insights from Frazier's time with the New York Yankees and his views on contemporary sports [2][3] Strategic Alignment - The partnership with Frazier aligns with PodcastOne's growth strategy to deliver authentic narratives from real individuals, enhancing its content diversity and listener engagement [3]

Core Viewpoint - Galloway Capital Partners has acquired a 3.15% stake in PodcastOne, Inc., indicating a belief that the company's shares are significantly undervalued compared to its revenues and intrinsic value [1] Company Analysis - Galloway Capital Partners' Chief Investment Officer, Bruce Galloway, highlighted that PodcastOne's shares are trading at a material discount [1] - The analysis suggests that PodcastOne's valuation is not reflective of its potential, as evidenced by recent acquisitions in the sector reaching valuations of up to 10 times revenues [1]

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].

Core Insights - PodcastOne has launched a new podcast titled "Help Me, I'm Single," hosted by dating coach Blaine Anderson, marking the 17th addition to its network in 2025 [1][2] Company Overview - PodcastOne is a leading podcast publisher and sales network, with a total of 3.9 billion downloads and a community of 200 top podcasters [5] - The platform reaches over 1 billion monthly impressions across various channels, including YouTube, Spotify, and Apple Podcasts [5] Podcast Details - "Help Me, I'm Single" is described as a blend of reality show, therapy session, and comedy roast, featuring single guests undergoing dating interventions [2] - The podcast aims to provide engaging and relatable content, appealing to both listeners and advertisers [3] Host Background - Blaine Anderson is recognized as a trusted voice in the relationship space, having helped thousands improve their dating outcomes through personalized coaching [3]

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]