other material
confidence high
sentiment positive
materiality 0.75
PodcastOne targets Sept. 8 direct listing on Nasdaq; guides FY2024 revenue $42-47M
PodcastOne, Inc.
- Proposed spin-out and direct listing on Nasdaq under ticker PODC; record date Aug. 28, 2023.
- FY2024E revenue guidance $42-47M (21-36% YoY growth); projected positive adjusted EBITDA ~$0.4M.
- FY2023 revenue $34.6M, adjusted EBITDA -$1.5M (improved from -$4.1M in FY2022).
- Pending LOI to acquire Kast Media (adds up to $10M annual revenue) and Fantasy Guru (adds $2.5M+ revenue, $600k+ EBITDA).
- Ranked #10 on Podtrac's top podcasters list with 48M+ monthly downloads and 5.4M unique listeners.