PodcastOne, Inc. (PODC) Reports Q2 Loss, Lags Revenue Estimates

Core Insights - PodcastOne, Inc. reported a quarterly loss of $0.07 per share, consistent with the Zacks Consensus Estimate, and an improvement from a loss of $0.52 per share a year ago [1] - The company's revenues for the quarter ended September 2024 were $12.15 million, missing the Zacks Consensus Estimate by 8.58%, but showing growth from $10.52 million year-over-year [2] - PodcastOne's shares have declined approximately 22.2% year-to-date, contrasting with the S&P 500's gain of 24.3% [3] Financial Performance - The company has not exceeded consensus EPS estimates in the last four quarters [1] - PodcastOne has surpassed consensus revenue estimates only once in the past four quarters [2] - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $15.44 million, and for the current fiscal year, it is -$0.25 on revenues of $57.92 million [7] Market Outlook - The stock's future price movement will largely depend on management's commentary during the earnings call [3] - The Zacks Rank for PodcastOne is currently 3 (Hold), indicating expected performance in line with the market [6] - The Internet - Content industry is ranked in the top 19% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]