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PodcastOne (NASDAQ: PODC) Reports Record Q1 Fiscal 2026 Financial Results
Globenewswireยท 2025-08-13 12:00
Core Insights - PodcastOne reported record revenue of approximately $15 million for Q1 Fiscal 2026, marking a 14% increase from $13.2 million in Q1 Fiscal 2025 [7][9] - The company achieved an Adjusted EBITDA of $580,000, a significant improvement of 284% year-over-year [9][10] - PodcastOne's guidance for Fiscal 2026 anticipates revenues between $55 million and $60 million, with Adjusted EBITDA projected at $3 million to $5 million [10][9] Management Commentary - Kit Gray, President and Co-Founder, emphasized PodcastOne's legacy in the podcasting industry and its commitment to audio-first entertainment, which has set industry standards [2][6] - The company is well-positioned to leverage relationships with over 500 major advertisers, capitalizing on the growing podcasting market [3][6] Industry Context - The podcasting industry is thriving, with over 4 million podcasts globally and advertising revenues expected to exceed $2.4 billion in the current year [3][6] - PodcastOne has expanded its video production efforts, resulting in a 200% increase in video views year-over-year across platforms like YouTube and TikTok [5][6] Financial Performance - Q1 Fiscal 2026 results showed a net loss of $1.054 million, an improvement from a net loss of $1.366 million in the same quarter last year [7][9] - The company reported a Contribution Margin of approximately $2.4 million, representing a 59% increase from the previous year [9][27] Podcast Offerings - PodcastOne added 14 new podcasts in Q1 Fiscal 2026, bringing the total to over 200 on its network [9][4] - The diverse offerings include popular titles such as LOVE MURDER and Detox Retox, catering to a wide audience [4][5]