secwatch.observer — SEC 8-K summary
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Issuer:     PodcastOne, Inc. (PODC)
CIK:        0001940177
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001213900-23-084961
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1940177/000121390023084961/0001213900-23-084961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1940177/000121390023084961/ea187987-8k_podcastone.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-084961

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