PodcastOne raises FY2024 revenue guidance to $47-51M, reports Q2 revenue $10.5M (+24% YoY)

PodcastOne, Inc.

Q2 FY2024 revenue $10.5M, +24% YoY; Adjusted EBITDA $500K.
FY2024 revenue guidance raised to $47-51M; Operating Adj. EBITDA $4-5M.
Converted $5.8M convertible notes at $3/share; now debt-free.
Ranked #10 on Podtrac top publishers; renewed shows with 1B+ downloads.
Spin-off from LiveOne completed 9/8/2023; LiveOne owns ~80% of PODC.

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