other material
confidence high
sentiment neutral
materiality 0.55
PodcastOne issues corporate presentation; Q3 revenue $10.4M (+22% YoY), Adj. EBITDA -$356K
PodcastOne, Inc.
- PodcastOne (Nasdaq: PODC) reported Q3 FY2024 revenue of $10.4M, up 22% YoY; nine-month revenue $31.6M.
- FY2024 pro forma revenue guidance $47-51M with Operating Adjusted EBITDA $4-5M.
- Converted $5.8M of convertible notes at $3/share; now debt-free.
- Ranked #10 on Podtrac's Top Podcast Publishers (Jan 2024); renewed top shows with >1B cumulative downloads.
- LiveOne (LVO) retains ~73.3% ownership; PODC has 23.15M shares outstanding, no debt.