Revenue and Growth - Revenue for the nine months ended December 31, 2024, was $38.0 million, representing a year-over-year growth of 20% from $31.6 million in 2023[134] - Revenue increased by $6.4 million, or 20.2%, to $38.0 million for the nine months ended December 31, 2024, from $31.6 million in 2023[187] - Revenue increased by $2.3 million, or 22%, to $12.7 million for the three months ended December 31, 2024, compared to $10.4 million for the same period in 2023[163] Podcast Performance - The company surpassed 3.8 billion network downloads and expanded its programming slate to 194 shows during the quarter ended December 31, 2024[136] - The number of podcast downloads decreased by 40% year-over-year to 368,812,413 for the year ended March 31, 2024, and by 50% to 155,469,000 for the nine months ended December 31, 2024[149] - PodcastOne has 5.1+ million monthly unique listeners and 16+ million IAB monthly downloads[131] - PodcastOne was ranked 8 on the December 2024 list of Top Podcast Publishers by Podtrac[129] Financial Performance - Net loss for the three months ended December 31, 2024, was $1.6 million, improving from a net loss of $2.6 million in the same period of 2023[161] - Net loss for the nine months ended December 31, 2024, was $4.6 million, an improvement from a net loss of $13.7 million in the same period of 2023[171] - Contribution margin decreased by $1.7 million, or 34.5%, to $3.2 million for the nine months ended December 31, 2024, compared to $4.9 million in 2023[187] Expenses - Cost of sales rose by $2.6 million, or 28%, to $12.0 million for the three months ended December 31, 2024, in line with revenue growth[164] - Cost of sales for the nine months ended December 31, 2024, increased by $8.2 million, or 31%, to $34.8 million compared to $26.7 million for the same period in 2023[171] - General and administrative expenses decreased by $1.3 million, or 51%, to $1.3 million for the three months ended December 31, 2024, compared to $2.6 million for the same period in 2023[168] - Sales and marketing expenses increased by $0.2 million, or 22%, to $0.9 million for the three months ended December 31, 2024, compared to $0.7 million for the same period in 2023[166] - Sales and marketing expenses decreased by $0.8 million, or 24%, to $2.6 million for the nine months ended December 31, 2024, compared to $3.4 million in 2023[176] - Product development expenses decreased by $30,000, or 43%, to $40,000 for the nine months ended December 31, 2024, from $70,000 in 2023[177] - General and administrative expenses decreased by $0.6 million, or 13%, to $4.1 million for the nine months ended December 31, 2024, compared to $4.7 million in 2023[178] - Stock-based compensation expense decreased by 62% to $679,000 for the three months ended December 31, 2024, compared to $1.8 million for the same period in 2023[162] Cash Flow and Liquidity - As of December 31, 2024, cash and cash equivalents amounted to $0.6 million, with a related party payable balance of $0.8 million[189] - LiveOne's net cash used in operating activities for the nine months ended December 31, 2024 was $0.7 million, primarily due to a net loss of $4.6 million, which included non-cash charges of $3.1 million[200] - LiveOne's net cash provided by operating activities for the nine months ended December 31, 2023 was $1.8 million, despite a net loss of $13.7 million, which included non-cash charges of $12.9 million[201] - LiveOne's net cash used in investing activities for the nine months ended December 31, 2024 was $0.2 million, primarily for the purchase of fixed assets[202] - LiveOne's liquidity will depend on its ability to convert OEM drivers to direct subscribers and negotiate flexible terms with music labels and publishers[194] - LiveOne is seeking additional interim financing to continue operations beyond February 2026, with existing cash resources deemed insufficient[195] - LiveOne's working capital was $0.4 million as of December 31, 2024, raising substantial doubt about its ability to continue as a going concern[197] Debt and Financing - As of December 31, 2024, LiveOne's total outstanding consolidated indebtedness was $5.2 million, net of fees and discounts, consisting of the ABL Credit Facility and the Capchase Loan[192] - LiveOne repaid a total of $3.25 million of the principal amount underlying the ABL Credit Facility in late 2024, reducing the facility size to $3.75 million[191] - As of December 31, 2024, LiveOne was in compliance with all covenants under the Capchase Loan and the ABL Credit Facility[206] Strategic Initiatives - An agreement with ART19, a subsidiary of Amazon, is expected to generate revenue exceeding $25 million for the 2025 calendar year[136] - The company is actively pursuing potential acquisitions of podcasts and shows consistent with its growth strategy[138] - PodcastOne's advertising strategy focuses on host-read embedded ads, dynamic ads, and programmatic monetization channels[132] - The company aims to mitigate risk by acquiring multiple assets over time across a broad spectrum of podcast-related media[130] - PodcastOne operates Launchpad One, a self-publishing platform for independent podcasters, serving as a talent pool for new podcasts[133]

Core Insights - PodcastOne continues its partnership with Kailyn Lowry, expanding her KILLR Network with the launch of a new podcast titled "Cate & Ty: Break It Down!" set for February 19, 2025 [2][4] - Lowry has established herself as a significant figure in the podcasting industry, leveraging her background from MTV's Teen Mom 2 to create a diverse range of engaging content [3][5] - The new podcast will feature Tyler and Catelynn Baltierra, focusing on their experiences beyond reality TV, including marriage, parenthood, and personal growth [4][6] Company Overview - PodcastOne (NASDAQ: PODC) is a leading podcast platform that offers a comprehensive solution in sales, marketing, public relations, production, and distribution [8] - The platform has achieved over 3.9 billion total downloads and has a community of 200 top podcasters, reaching over 1 billion monthly impressions across various channels [8] - PodcastOne's roster includes popular shows across genres such as news, comedy, true crime, and society, enhancing its market presence [7][8] Industry Impact - Kailyn Lowry's podcasts, including Coffee Convos, Karma and Chaos, and Barely Famous, have collectively garnered nearly 150 million downloads and over 700 episodes, indicating strong audience engagement [6] - The partnership with PodcastOne has allowed Lowry to amplify her reach and strengthen her brand, contributing to the growth of the KILLR Network [5][6]

Financial Data and Key Metrics Changes - Revenue in Q3 2025 increased by 22% to $12.7 million compared to $10.4 million in the same quarter last year [21] - Operating loss decreased to $1.6 million from $2.6 million in the same year-ago quarter, primarily due to lower non-cash stock compensation expense [21] - Net loss was $1.6 million or $0.06 per share, compared to a net loss of $2.6 million or $0.11 per share in the same quarter last year [22] - Adjusted EBITDA was negative $0.7 million, compared to negative $0.4 million in the same year-ago quarter, mainly due to timing of content acquisition costs [22] - The company ended the quarter with no debt and $0.6 million in cash and cash equivalents [23] Business Line Data and Key Metrics Changes - The majority of revenue continues to be generated via the direct sales team, with new revenue channels emerging from the partnership with Amazon's ART19 [17] - PodcastOne Pro was launched, providing customizable services and generating additional revenue from major brands like Boost Mobile and Microsoft [18] Market Data and Key Metrics Changes - PodcastOne has been ranked as a top 10 U.S. podcast publisher, with monthly unique U.S. audiences of 5.2 million and 16.2 million U.S. downloads and streams [10] - The podcast advertising market is projected to see over $2.4 billion in investments this year [9] Company Strategy and Development Direction - The partnership with Amazon's ART19 is a significant strategic move, providing operational efficiencies, enhanced analytics, and a minimum guaranteed revenue stream of $15 million over three years [30][32] - The company is actively evaluating M&A prospects to acquire top content networks and enhance its platform [34] - PodcastOne aims to diversify its revenue streams while maintaining a focus on traditional advertising, which still constitutes 90-92% of revenue [110] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal 2025 guidance, expecting revenues to be at least $51 million, representing a 17% increase from fiscal 2024 [24] - The management highlighted the growing podcast market and the increasing attention from advertisers, indicating a strengthening competitive landscape [53] Other Important Information - PodcastOne added 64 new programs in 2024 and 10 new shows in the last quarter alone, expanding its content portfolio [34] - The company is focusing on female programming and true crime shows, which are popular among audiences [98][100] Q&A Session Summary Question: Cost of sales reflecting content acquisition costs - Management indicated that the timing of revenue deals affected Q3 results, with expectations for improvement in Q4 [40] Question: G&A spending levels - Management expects G&A spending to remain consistent moving forward [42] Question: Financial benefits of working with ART19 - Benefits will be seen in operational cost efficiencies and revenue growth from the minimum guarantee payments [46][68] Question: Competitive landscape changes - Management noted increased listening and advertiser interest, with Amazon's investment in PodcastOne being a significant factor [53] Question: Revenue drivers for the quarter - Revenue was driven by ad activity, with expectations for continued growth into Q4 [60] Question: Financial impact of ART19 transition - The financial impact of the transition to ART19 is expected to begin in the current quarter [64] Question: Competitive position enhancement with ART19 - The partnership enhances the ability to forecast revenue and negotiate better deals for shows [68] Question: Response to Netflix exploring video podcasts - Management expressed excitement about Netflix's involvement in the podcasting space and the potential for future collaborations [76] Question: Current hot podcasts and upcoming shows - Management highlighted popular shows like Stassi and Vanderpump, and new launches in true crime and female programming [98][100] Question: Emerging monetization streams - Traditional advertising remains the core revenue source, but there are efforts to diversify through PodcastOne Pro and merchandise [110]

Revenue Growth - Revenue increased 22% year-over-year to $12.7 million in Q3 Fiscal 2025, compared to $10.4 million in the same prior year quarter[5] - Nine-month revenue for Fiscal 2025 reached a record $38.0 million, up from $31.6 million in the same period of Fiscal 2024[20] - PodcastOne reaffirmed its guidance for Fiscal 2025 revenues to increase at least 17% to a minimum of $51.0 million, compared to $43.3 million in Fiscal 2024[8] - Revenue for the three months ended December 31, 2024, was $12,710 million, up 21.7% from $10,442 million in the same period of 2023[30] Audience and Programming - PodcastOne's unique monthly audience in the U.S. reached 5.2 million, with 16.2 million downloads and streams as of January 2025[4] - The company expanded its programming slate to 196 shows and surpassed 3.9 billion total network downloads[4] Financial Performance - Operating loss in Q3 Fiscal 2025 was $1.6 million, an improvement from an operating loss of $2.6 million in the prior year quarter[6] - Net loss in Q3 Fiscal 2025 was $1.6 million, or $(0.06) per share, compared to a net loss of $2.6 million, or $(0.11) per share, in the prior year quarter[6] - Adjusted EBITDA in Q3 Fiscal 2025 was $(0.7) million, compared to $(0.4) million in the prior year quarter[7] - Adjusted EBITDA for the nine months ended December 31, 2024, was $(1,389) million, compared to $(13,683) million for the same period in 2023, indicating an improvement[26] - The company reported a net loss of $(1,583) million for the three months ended December 31, 2024, compared to a net loss of $(2,600) million in the same period of 2023[26] Assets and Liabilities - Total assets increased from $20,633 million as of December 31, 2024, to $24,125 million as of March 31, 2024, reflecting a growth of approximately 16.5%[24] - Cash and cash equivalents rose significantly from $572 million to $1,445 million, marking an increase of 152%[24] - Total liabilities increased from $5,623 million to $7,784 million, an increase of approximately 38.4%[24] - Stockholders' equity decreased from $16,341 million as of March 31, 2024, to $15,010 million as of December 31, 2024, a decline of 8.1%[24] Strategic Initiatives - The company established a strategic partnership with Amazon's ART19 for hosting services, enhancing monetization capabilities[4] - PodcastOne plans to leverage its leadership position in podcasting for sustainable growth through organic expansion, acquisitions, and strategic initiatives[3] Cost of Sales - The cost of sales for the nine months ended December 31, 2024, was $34,834 million, up from $26,666 million in 2023, reflecting a 30.6% increase[30] Profitability Metrics - Gross profit decreased from $997 million in Q4 2023 to $670 million in Q4 2024, representing a decline of 32.8%[30] - Contribution margin for the three months ended December 31, 2024, was $727 million, down 30.1% from $1,055 million in Q4 2023[30]

Company Expands Content Slate and Audience Reach While Strengthening Monetization Capabilities Through Strategic Partnership with Amazon's ART19 LOS ANGELES, Feb. 12, 2025 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ:PODC), a leading publisher and podcast sales network, has reported its financial results for the fiscal third quarter ended December 31, 2024 ("Q3 Fiscal 2025"). Key Highlights: Revenue increased 22% to $12.7 millionRanked as one of the Top 10 U.S. Podcast Publishers with a U.S. unique monthly audien ...

Initiative Drives Operational Efficiencies and Unlocks New Growth Possibilities for Podcasters and Advertisers LOS ANGELES, Jan. 30, 2025 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ: PODC), a leading publisher and podcast sales network, announced today that it has moved its existing network of programming to hosting service ART19, the podcast distribution and monetization service that lets customers manage content and ad operations in one place. The move streamlines PodcastOne’s hosting capabilities, while drivi ...

Carolla, Schaub and Bristowe Combine to Deliver Nearly 1 Billion All Time Downloads LOS ANGELES, Jan. 08, 2025 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ: PODC), a leading publisher and podcast sales network, announced today that it was ranked as the 8th most prolific podcast publisher and network in the United States for December 2024, according to Podtrac, the podcasting industry leader in measurement and analytics. This year-end achievement marks a significant improvement from November 2024 13th position, re ...

Podcasts from A&E’s The History Channel, Country Star Sara Evans and Entrepreneur James Diversify Network Offering LOS ANGELES, Dec. 12, 2024 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ: PODC), a leading publisher and podcast sales network, announced today a network expansion with weekly podcasts from A&E’s The History Channel, award winning country singer Sara Evans and entrepreneurial expert James Altucher. Also joining PodcastOne is the long running Delusional Diaries podcast and the recently debuted Moms Ask ...

Stassi Move Strengthens Platform’s Existing Female-Focused Slate of Programming 49th New Podcast Joining PodcastOne’s Platform in 2024, 189 Total Podcasts LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ: PODC), a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today the acquisition of the highly acclaimed Stassi podcast, hosted by bestselling author and reality television personality Stassi Schroeder in a multiyear seven figure deal. The podcast addition stre ...

PodcastOne, Inc. (PODC) came out with a quarterly loss of $0.07 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.52 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.06, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.PodcastOne, Inc., which belongs to the Zacks ...