Record Revenue of $43.3M for FY 2024, $11.7M for Q4 FY 2024 Adjusted EBITDA* of $0.7M for FY 2024, $258K for Q4 FY 2024 Financial Highlights: Increased Shareholders' Equity by $9M from Prior Fiscal Year Reduced Liabilities by $13M from Prior Fiscal Year Extinguished All Debt, Repaying $3M in Cash and Converting $7M into Shares of Common Stock at $3 Per Share Raises FY 2025 Revenue Guidance to $51-56M LiveOne (Nasdaq: LVO) Acquired 159,000 PODC Shares at a Price of $3 Per Share During March 2024 and Continue ...

LOS ANGELES, May 21, 2024 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ: PODC), a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today the LADYGANG podcast presents the "You Never Forget Your First" tour presented by CLEARSTEM. With tour stops across North America, including cities such as New York, Boston, and Atlanta, LADYGANG, hosted by Keltie Knight, Becca Tobin and Jac Vanek, kick off their tour August 9, 2024 in Austin, Texas before wrapping up on the West Coast in December of ...

The Dr. Gundry Podcast Hosted by Steven Gundry M.D. Empowers Listeners to Live Their Best, Healthiest Lives LOS ANGELES, May 14, 2024 /PRNewswire/ -- The Dr. Gundry Podcast—proudly hosted by PodcastOne (NASDAQ: PODC), a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO)—achieves a significant milestone by releasing its 300th episode today. Hosted by renowned cardiothoracic surgeon, Steven R. Gundry, M.D.—a trailblazer in restorative medicine, author of four New York Times bestselling books, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from __________________ to __________________ Commission File Number: 001-41795 PODCASTONE, INC. FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its ...

Revenue Performance - Revenue for the six months ended September 30, 2023, was $21.2 million, representing a year-over-year growth of 23% compared to $17.2 million in the same period of 2022[122] - Revenue increased by $2.0 million, or 24%, to $10.5 million for the three months ended September 30, 2023, compared to $8.5 million for the same period in 2022[148] - Revenue increased by $3.9 million, or 23%, to $21.2 million for the six months ended September 30, 2023, compared to $17.2 million for the same period in 2022[158] Podcast Metrics - The number of podcast downloads for the year ended March 31, 2023, was 617,445,568, a 5% increase from 590,412,840 in 2022, while downloads for the six months ended September 30, 2023, decreased by 36% to 223,349,413 from 349,554,739 in 2022[134] - PodcastOne has over 4.8 million monthly unique listeners and generates over 20 million IAB monthly downloads[119] Acquisitions and Content Strategy - The company has acquired exclusive rights to several true crime podcasts, including ownership and intellectual property rights for potential television and film projects[123] - PodcastOne's revenue model is primarily ad-supported, relying on the sale of audio, video, and social advertising delivered through impressions[125] - PodcastOne's advertising strategy focuses on host-read embedded ads, which are believed to enhance user experience and provide better returns for advertisers[125] Financial Losses and Expenses - The company reported a net loss of $7.0 million for the year ended March 31, 2023, compared to a net loss of $3.6 million in 2022[122] - Net loss for the three months ended September 30, 2023, was $(10.9) million, compared to $(0.5) million for the same period in 2022[146] - General and administrative expenses rose by $0.5 million, or 80%, to $1.2 million for the three months ended September 30, 2023, due to additional costs related to the Spin-Out and Finder's Fee Agreement[153] - Total other expense increased by $9.2 million, or 1,404%, to $9.9 million for the six months ended September 30, 2023, primarily due to an increase in derivative loss and interest expense related to the Bridge Loan[165] - Net loss for the six months ended September 30, 2023, was 52% of revenue, compared to a net loss of 5% for the same period in 2022[165] Operating Expenses - Operating expenses totaled $11.9 million for the three months ended September 30, 2023, compared to $8.3 million for the same period in 2022, reflecting a 43% increase[146] - Operating expenses as a percentage of revenue increased to 106% for the six months ended September 30, 2023, compared to 102% for the same period in 2022[160] - Total stock-based compensation expense increased by $352,000, or 60%, to $938,000 for the six months ended September 30, 2023, compared to $586,000 for the same period in 2022[160] Cash Flow and Financing - As of September 30, 2023, cash and cash equivalents amounted to $0.5 million, with a related party payable balance of $2.4 million[172] - The company reported a net cash used in operating activities of $3.0 million for the six months ended September 30, 2023, compared to a net cash used of $4.2 million for the same period in 2022[183] - The company had working capital of $0.6 million as of September 30, 2023, raising substantial doubt about its ability to continue as a going concern[181] - Management anticipates that existing cash resources will not be sufficient to meet current operating and liquidity needs beyond November 2024 without additional financing[179] Debt and Loans - The company completed a private placement offering of Bridge Notes for gross proceeds of $8.0 million, with a maturity date extended to October 15, 2023[173] - In August 2023, the company entered into a $1.7 million secured loan with an interest rate of 8% and a maturity of 30 months[176] - On September 8, 2023, the company completed a Qualified Event, converting approximately $7.02 million of Bridge Notes into approximately 2,341,000 shares of common stock[177] - As of September 30, 2023, the company's total outstanding consolidated indebtedness was $8.9 million, net of fees and discounts[178] - The company was not in compliance with all covenants under the ABL Credit Facility as of September 30, 2023, but cured the default within the cure period[190] Development and Operations - The company operates Launchpad One, a self-publishing podcast platform aimed at independent podcasters, which serves as a talent pool for discovering new podcasts[121] - The company aims to mitigate risk by acquiring multiple assets across a broad spectrum of podcast-related media and companies[118] - PodcastOne's operating model includes a comprehensive in-house team for sales, production, marketing, and technology, allowing for scalable operations and attracting talent[120]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: 333-269028 Securities registered pursuant to Section 12(b) of the Act: | Trading Symbol(s) | N ...