From GlobeNewswire: 2024-11-07 08:30:00

PodcastOne, a subsidiary of LiveOne, reported a 16% revenue increase to $12.2 million in Q2 Fiscal 2025. Ranked 12th in Podtrac’s Podcast Industry Top Publishers Rankings, with a global reach of 16.2 million downloads and 188 exclusive podcasts. Expects Fiscal 2025 revenues to hit a record $51.0 million, driving positive Adjusted EBITDA.

During Q2 Fiscal 2025, PodcastOne launched new revenue streams like PodcastOne Pro and paywalls on top platforms. Completed second sale of a podcast to a major TV network. Expects 17% revenue growth in Fiscal 2025, reaching $51.0 million. Focused on strategic growth initiatives for long-term shareholder value.

Financial results for Q2 Fiscal 2025 show a 16% revenue increase to $12.2 million. Operating loss was $1.7 million, while net loss was $1.7 million. Adjusted EBITDA was $(0.4) million, down from $0.1 million in the prior year quarter. LiveOne owns 72% of PodcastOne and will consolidate its financial results.

PodcastOne predicts Fiscal 2025 revenues to reach at least $51.0 million, a 17% increase from Fiscal 2024. Expects positive Adjusted EBITDA in Fiscal 2025. Management will host an investor conference call on November 7, 2024, to discuss Q2 Fiscal 2025 results and provide a corporate update.

PodcastOne provides a full podcasting solution for creators and advertisers, with over 2.1 billion downloads per year. The company has a network of 250 top podcasters, with exclusive shows available in Tesla vehicles. PodcastOne aims to drive growth and shareholder value through strategic initiatives.



Read more at GlobeNewswire:: PODC) Reports Q2 Fiscal 2025 Financial