PodcastOne Q3 revenue up 22% to $10.4M; 9-month adj. EBITDA turns positive at $405K

PodcastOne, Inc.

Q3 revenue $10.4M (+22% YoY vs $8.6M); 9-month revenue $31.6M (+22% YoY).
Q3 operating loss widened to $2.6M from $0.7M; net loss per share $0.11 vs $0.01.
9-month adjusted EBITDA improved to $405K from ($24K) in prior year.
Closed an 8-figure annual B2B partnership with a Fortune 500 company; added 24 new podcasts.
PodcastOne ranked 10th in PODTRAC top publishers with ~5.3M U.S. monthly audience.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PodcastOne, Inc. reported the third quarter and nine months ended December 31, 2023 results: revenue $10.4 million, net income ($2.6) million, EPS $(0.11).

Period: the third quarter and nine months ended December 31, 2023
Revenue: $10.4 million
Net income: ($2.6) million
EPS: $(0.11)
Result: reported results

Exact text from the filing

For Q3 Fiscal 2024, PodcastOne posted revenue of $10.4 million, a 22% increase as compared to $8.6 million in the same period in the prior year. Q3 Fiscal 2024 Operating Loss was ($2.6) million compared to Operating Loss of ($0.7) million in the third fiscal quarter for its fiscal year ended March 31, 2023

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PodcastOne, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-011343

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