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rtside (PODC) - 2025 Q3 - Quarterly Results
rtside rtside (US:PODC)2025-02-12 13:45

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]