earnings
confidence high
sentiment positive
materiality 0.65
PodcastOne audio division prelim Q2 FY2024 rev $26M+, Adj EBITDA $5M+
PodcastOne, Inc.
- LiveOne expects Q2 FY2024 total revenue $28M+ and Adj EBITDA $2.5M; trailing six-month rev $55M, Adj EBITDA $4.7M.
- Audio Division (PodcastOne + Slacker) Q2 rev $26M+, Adj EBITDA $5M+; six-month rev $51.7M, Adj EBITDA $9M+.
- LiveOne cut additional $2M in costs, totaling over $32M in savings.
- LiveOne expanded share buyback program to $5M remaining; includes possibility of buying PodcastOne common stock.