secwatch.observer — SEC 8-K summary
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Issuer:     PodcastOne, Inc. (PODC)
CIK:        0001940177
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001013762-23-005152
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PodcastOne audio division prelim Q2 FY2024 rev $26M+, Adj EBITDA $5M+
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1940177/000101376223005152/0001013762-23-005152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1940177/000101376223005152/ea187013-8k_podcastone.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-005152

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer