PodcastOne Q2 FY2024 revenue $10.5M (+24.5% YoY), net loss $10.9M; Adj. EBITDA $0.5M

PodcastOne, Inc.

Revenue $10.5M for Q2 ended Sep 30, 2023, up 24.5% from $8.5M a year ago.
Operating loss of ($1.4M) vs operating income of $0.2M in prior year; net loss widened to $10.9M.
Adjusted EBITDA of $0.5M compared to $0.6M in Q2 fiscal 2023; management expects record revenue and Adj. EBITDA in FY2024.
LiveOne completed spinout in Sep 2023, issuing ~4.2M shares to LiveOne shareholders; LiveOne retains 81% of PodcastOne.
PodcastOne ranked 10th in PODTRAC’s Top Publishers with ~6.0M U.S. monthly unique audience.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PodcastOne, Inc. reported financial results for the second quarter and six months ended September 30, 2023.

Period: the second quarter and six months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 9, 2023, PodcastOne, Inc. (the “Company”) issued a press release announcing its operating and financial highlights and results for the second quarter and six months ended September 30, 2023.

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PodcastOne, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-084961

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