Core Insights - PodcastOne reported record financial results for Q3 Fiscal 2026 and YTD Fiscal 2026, with significant growth in revenue and adjusted EBITDA [1][2][6] Financial Performance - Q3 Fiscal 2026 revenue reached $15.9 million, a 25% increase year-over-year from $12.7 million in Q3 Fiscal 2025 [4][6] - YTD Fiscal 2026 revenue totaled $46.0 million, up 21% from $38.0 million in the same period last year [4][6] - Adjusted EBITDA for Q3 Fiscal 2026 was $2.8 million, a 516% increase from a loss of $670,000 in Q3 Fiscal 2025 [4][6] - YTD Adjusted EBITDA was $4.5 million, up 421% from a loss of $1.4 million in the prior year [4][6] Operational Highlights - The company raised its full Fiscal 2026 guidance, projecting revenues of $58-$60 million and adjusted EBITDA of $5-$6 million [5][7] - PodcastOne added 25 new podcasts year-to-date and maintained its position as a Top 10 Publisher in Podtrac rankings for 15 consecutive months [6] - The partnership with Amazon expanded from a $16.5 million three-year deal to a $20+ million annual run rate, while revenue from a Fortune 250 partner increased to over $27 million annually [6] Cash Position - Cash balance increased by 217% year-over-year to $3.4 million [5]

Core Insights - LiveOne reported its financial results for Q3 Fiscal 2026, indicating strong execution and profitable growth, particularly in its Audio business, with ongoing share repurchases reflecting management's confidence in long-term value for shareholders [2][4]. Financial Highlights - Q3 Fiscal 2026 revenue was $20.3 million, a decrease from $29.5 million in Q3 Fiscal 2025, primarily due to reductions in Slacker revenues [3][4]. - The operating loss for Q3 Fiscal 2026 was $1.95 million, an improvement from a loss of $5.11 million in Q3 Fiscal 2025, attributed to reduced operating expenses [6]. - Net loss for Q3 Fiscal 2026 was $4.1 million, compared to a net loss of $5.6 million in the same quarter the previous year [3][21]. - Adjusted EBITDA for Q3 Fiscal 2026 was $1.6 million, slightly up from $1.5 million in Q3 Fiscal 2025 [7]. Strategic & Operational Highlights - AI-driven efficiencies led to a 52% reduction in quarterly operating expenses year-over-year and a significant staff reduction from 350 to 88 [5]. - The Audio Division generated $18.6 million in revenue for Q3 Fiscal 2026, maintaining a positive segment Adjusted EBITDA of $2.6 million [5]. - LiveOne acquired an additional 771,000 shares of PodcastOne at an average price of $1.93 per share during Fiscal 2026, including 186,636 shares at $2.17 per share in Q3 [5]. - Revenue from Fortune 250 partners increased to an annual run rate of over $27 million [5]. - The company plans to launch a new B2B partnership targeting over 30 million monthly paying subscribers [5]. Future Guidance - Preliminary guidance for the Audio Division in Fiscal 2027 includes projected revenue of $85-$95 million and Adjusted EBITDA of $8-10 million [5].

Core Insights - PodcastOne has entered a multi-year partnership with Gotavi to enhance AI-driven audience engagement and content discovery, aiming for scalable revenue growth and margin expansion across its network [1][2] Company Overview - PodcastOne is a leading podcast platform with over 3.9 billion total downloads and a community of 200 top podcasters, reaching over 1 billion monthly impressions across major distribution platforms [3][5] - Gotavi is a business platform focused on helping entrepreneurs and small businesses grow by addressing operational and visibility challenges through AI-driven solutions [4] Partnership Details - The partnership will leverage AI to improve content visibility on AI platforms and enhance audience engagement through AI-driven interactions, ultimately driving revenue growth and operational efficiency [2][5] - The collaboration combines Gotavi's AI-powered engagement tools with PodcastOne's extensive reach and content library, aiming to transform audience discovery into interactive engagement [5] Market Position - PodcastOne's scale includes partnerships with notable podcasters and a significant distribution network, positioning it well in the evolving AI-first media landscape [3][5]

Core Insights - PodcastOne will host a conference call to discuss its Q3 Fiscal 2026 operating and financial results on February 12, 2026 [1] - The call will be led by PodcastOne President Kit Gray and CFO Ryan Carhart, followed by a Q&A session [2] Company Overview - PodcastOne (NASDAQ: PODC) is a leading podcast platform offering a comprehensive solution in sales, marketing, public relations, production, and distribution [3] - The platform has achieved over 3.9 billion total downloads and has a community of 200 top podcasters [3] - PodcastOne's distribution network reaches over 1 billion monthly impressions across various channels, including YouTube, Spotify, Apple Podcasts, and iHeartRadio [3] - The company also operates PodcastOne Pro, which provides customizable production packages for brands and individuals [3]

Core Insights - PodcastOne has achieved over 30 million downloads across its network and has marked the launch of its 25th new podcast for the 2026 fiscal year [1] - The company has extended its multiyear agreements with existing podcasts and acquired new content, indicating a strategy focused on growth and audience engagement [1][5] Podcast Agreements - PodcastOne has entered into a multiyear extension with The Prosecutors and renewal agreements with Bitch Bible and Some More News [1] - The company has acquired sales and distribution rights to For Your Amusement, enhancing its podcast portfolio [1][5] Podcast Descriptions - Bitch Bible, hosted by Jackie Schimmel, features unfiltered discussions on various topics, appealing to a millennial audience [2] - The Prosecutors, a true crime podcast, offers unique insights from prosecutors on famous cold cases [3] - Some More News, hosted by comedian Cody Johnston, provides a comedic yet informative take on weekly news events [4] Audience and Revenue Growth - PodcastOne has successfully grown audiences and revenues for its shows, reflecting effective content management and marketing strategies [5] - The company aims to introduce For Your Amusement to a wider audience, indicating a commitment to expanding its listener base [5] Podcast Network Overview - PodcastOne's roster includes a variety of top-ranked podcasts across genres such as news, comedy, true crime, and culture [6] - The platform has surpassed 3.9 billion total downloads and reaches over 1 billion monthly impressions across various channels [7]

Financial Data and Key Metrics Changes - The company achieved $8.56 billion in revenue for 2025, slightly exceeding raised guidance [19] - Adjusted EBITDA for the year was $2.67 billion, with a margin of 31%, also ahead of guidance [20] - Free cash flow reached $1.26 billion, surpassing the original guidance of $1.15 billion by over $100 million [23] - Net income was $805 million, a significant increase from a loss of $2.1 billion the previous year [20] Business Line Data and Key Metrics Changes - Subscription revenue totaled $6.49 billion, down 2% year-over-year, reflecting a smaller average self-pay subscriber base [19] - Advertising revenue was $1.77 billion, roughly flat year-over-year, driven by strength in podcasting [20] - The SiriusXM segment generated $1.61 billion in revenue for Q4, with a full-year total of $6.42 billion [23] - The Pandora and Off Platform segment reported Q4 revenue of $582 million, with full-year revenue of $2.14 billion [26] Market Data and Key Metrics Changes - The company reported a self-pay churn rate of 1.5%, one of the lowest in its history, improved from 1.6% the previous year [25] - The average revenue per user (ARPU) for Q4 was $15.17, up $0.06 year-over-year, while full-year ARPU was $15.11, down $0.10 from last year [25] - Podcasting ad revenue grew 41% for the full year, indicating strong market demand [15] Company Strategy and Development Direction - The company is focused on enhancing its core SiriusXM in-car audience and expanding its advertising network [5] - A new three-year agreement with Howard Stern was signed, reinforcing the company's content strategy [7] - The introduction of companion subscriptions aims to improve customer retention and satisfaction [12] - The company plans to maintain a disciplined approach to balancing shareholder returns, deleveraging, and investments for sustainable long-term cash flow [30] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2026, expecting mostly flat revenue and slightly lower subscribers, but stable Adjusted EBITDA [16] - The company anticipates continued growth in free cash flow, targeting $1.35 billion for 2026 [29] - Management highlighted the importance of leveraging data and capabilities to enhance customer retention and satisfaction [41] Other Important Information - The company returned $501 million to shareholders in 2025, including $365 million in dividends and $136 million in share repurchases [28] - Total debt was reduced by $669 million during the year, with a net debt to Adjusted EBITDA ratio of approximately 3.6x [29] Q&A Session Summary Question: Competitive positioning and pricing flexibility - Management highlighted strong competitive positioning against music streaming services and AM/FM radio, with new pricing packages introduced [34] Question: Churn performance and expectations - A one-time benefit from the Continuous Service initiative contributed to lower churn in Q4, with expectations for churn to remain in the 1.5%-1.6% range [36][40] Question: Self-pay net adds outlook for 2026 - Management expects modestly lower self-pay net adds in 2026 due to the earlier introduction of companion subscriptions, but remains focused on improving trends [46] Question: ARPU expectations for 2026 - ARPU is expected to continue improving, with strong performance anticipated based on recent trends [51] Question: Podcasting advertising growth and profitability - Management noted strong growth in podcasting, with improving ad trends and high RPMs, indicating a positive outlook for profitability [56] Question: Cost savings and capital allocation - The company is focused on reducing complexity and improving operational efficiency, with a clear capital return strategy emphasizing investments that drive growth [78]

Financial Data and Key Metrics Changes - The company achieved $8.56 billion in revenue for 2025, slightly exceeding raised guidance [6][19] - Adjusted EBITDA for the year was $2.67 billion, resulting in a margin of 31% [20] - Free cash flow reached $1.26 billion, surpassing the original guidance of $1.15 billion by over $100 million [22][23] - Net income was $805 million, a significant increase from a loss of $2.1 billion in the previous year [20] Business Line Data and Key Metrics Changes - Subscription revenue totaled $6.49 billion, down 2% year-over-year, reflecting a smaller average self-pay subscriber base [19][23] - Advertising revenue was $1.77 billion, roughly flat year-over-year, driven by strength in podcasting [20] - The SiriusXM segment generated $1.61 billion in revenue for Q4, with a full-year revenue of $6.42 billion [23] - The Pandora and Off Platform segment reported Q4 revenue of $582 million, with full-year revenue totaling $2.14 billion [26] Market Data and Key Metrics Changes - The company reported a self-pay churn rate of 1.5%, an improvement from 1.6% the previous year [25] - Fourth quarter self-pay net adds were 110,000, reflecting contributions from new initiatives [24] - The average revenue per user (ARPU) for Q4 was $15.17, up $0.06 year-over-year [25] Company Strategy and Development Direction - The company is focused on enhancing its core SiriusXM in-car audience and expanding its advertising network [5][16] - New initiatives include the Continuous Service program and Companion subscriptions to improve customer retention [11][12] - The company aims to maintain a strong balance sheet while exploring growth opportunities in advertising and technology [16][29] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2026, expecting stable revenue and modestly lower self-pay net adds [16][30] - The company anticipates continued growth in free cash flow, targeting $1.35 billion for 2026 [29] - Management highlighted the importance of leveraging data for better customer engagement and retention [64] Other Important Information - The company returned $501 million to shareholders in 2025, including $365 million in dividends [28] - The company reduced total debt by $669 million during the year, ending with a net debt to adjusted EBITDA ratio of approximately 3.6x [29] Q&A Session Summary Question: Competitive positioning and pricing flexibility - Management highlighted strong competitive positioning against music streaming services and AM/FM radio, with new pricing packages introduced [34][35] Question: Churn performance and expectations - Management noted a one-time benefit from the Continuous Service initiative in Q4, which reduced vehicle-related churn [37][40] Question: Self-pay net adds outlook for 2026 - Management expects modestly lower self-pay net adds in 2026 due to the earlier introduction of Companion subscriptions [46] Question: ARPU expectations for 2026 - Management indicated strong ARPU performance is expected to continue into 2026, driven by pricing strategies [51] Question: Podcasting advertising growth - Management reported strong growth in podcasting, with improving ad trends and high RPMs [56][59] Question: Cost savings and capital allocation - Management discussed ongoing cost reduction efforts and the importance of balancing investments with shareholder returns [78][80] Question: Amazon DSP relationship - Management expressed satisfaction with the growth from programmatic partnerships, including Amazon, and sees potential for continued expansion [82][85] Question: Conversion rates for new and used vehicles - Management noted healthy trial funnels and conversion rates, with 360L technology showing better performance compared to non-360L [90][93]

Financial Data and Key Metrics Changes - In 2025, the company achieved $8.56 billion in revenue, $2.67 billion in adjusted EBITDA, and $1.26 billion in free cash flow, exceeding revised guidance [5][17] - Total subscription revenue was $6.49 billion, down 2% year-over-year, while advertising revenue was $1.77 billion, roughly flat year-over-year [17][18] - Net income was $805 million, a significant increase from a loss of $2.1 billion in the prior year, with earnings per diluted share rising to $2.23 from -$6.14 [18] Business Line Data and Key Metrics Changes - The SiriusXM segment generated $1.61 billion in revenue for Q4 and $6.42 billion for the full year, with subscriber revenue at $5.96 billion [20] - The Pandora and Off Platform segment reported Q4 revenue of $582 million and full year revenue of $2.14 billion, with advertising revenue growing 1% year-over-year [24] - Fourth quarter self-pay net adds were 110,000, reflecting contributions from new initiatives, while full-year churn improved to 1.5% from 1.6% [21][23] Market Data and Key Metrics Changes - The company reported a strong performance in podcasting, with podcast ad revenue growing 41% for the full year [12][24] - The advertising technology capabilities expanded, with video and social revenue up 4x year-over-year, indicating a shift in audience engagement [12] - The company anticipates mostly flat revenue in 2026, with slightly lower subscribers but stable adjusted EBITDA [13][27] Company Strategy and Development Direction - The company is focused on strengthening its core SiriusXM in-car audience and expanding its advertising network [4] - New initiatives include the Continuous Service feature and Companion subscriptions, aimed at enhancing customer experience and retention [9][10] - The company plans to leverage its assets, including talent agreements and ad sales expertise, to drive future growth [14][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining strong free cash flow generation and improving subscriber profitability [15][45] - The outlook for 2026 includes expectations for revenue of approximately $8.5 billion and adjusted EBITDA of around $2.6 billion, with a focus on cost savings and operational efficiencies [27][28] - Management highlighted the importance of data and analytics in improving customer engagement and retention strategies [63] Other Important Information - The company returned $501 million to shareholders in 2025, including $365 million in dividends and $136 million in share repurchases [26] - The net debt to adjusted EBITDA ratio improved to approximately 3.6x, with a target of reaching low- to mid-3x by late 2026 [27] Q&A Session Summary Question: Competitive positioning and pricing flexibility - Management noted strong competitive positioning against music streaming services and AM/FM radio, with new pricing packages introduced [33][34] Question: Churn performance and expectations - A one-time benefit from the Continuous Service initiative contributed to lower churn in Q4, with expectations for churn to remain in the 1.5%-1.6% range [36][38] Question: Self-pay net adds outlook for 2026 - Self-pay net adds are expected to be modestly lower in 2026 due to the timing of Companion subscriptions, but management remains focused on improving trends [42][44] Question: ARPU expectations for 2026 - ARPU showed improvement in Q4, and management expects strong performance to continue into 2026 [48][49] Question: Podcasting advertising growth and profitability - Management highlighted strong growth in podcasting and improving ad trends, with a focus on monetization and profitability [54][56] Question: Cost savings and capital allocation - Management discussed ongoing cost reduction efforts and the importance of reallocating resources to high ROI investments [74][78]

Core Insights - iHeartMedia has been announced as the official podcast partner for the 2026 Web Summit Qatar, highlighting its position as the leading podcast publisher globally [1] Group 1: Event Details - The third edition of Web Summit Qatar is scheduled to take place at the Doha Exhibition and Convention Centre (DECC) [1] - The event is expected to attract over 30,000 technology and business leaders, founders, world-leading investors, media, and more than 1,600 startups [1]

Core Insights - PodcastOne anticipates record financial results for Q3 Fiscal 2026, with expected revenue between $15.3 million and $15.5 million and Adjusted EBITDA projected at $1.8 million to $2.3 million, representing a year-over-year increase of over 350% [7] - The company has also reported expected revenue for the nine months ended December 31, 2025, to be between $45 million and $46 million, with Adjusted EBITDA of $3.4 million to $3.6 million, again reflecting a year-over-year increase of over 350% [7] Company Performance - The strong performance is attributed to the expansion of the podcast network, increased advertiser demand, and successful strategic partnerships [2] - The addition of notable personalities like Dr. Phil and the full repayment of $1.7 million in Capchase debt have strengthened the company's balance sheet, positioning it well for future growth and potential strategic mergers and acquisitions [3] Financial Highlights - PodcastOne has surpassed 3.9 billion total downloads and has a community of 200 top podcasters, indicating a robust user engagement and content diversity [5] - The company has built a distribution network that reaches over 1 billion monthly impressions across various platforms, including YouTube, Spotify, Apple Podcasts, and iHeartRadio [5]