Galloway Capital Supports the PodcastOne Board’s Decision to Retain a Financial Advisor to Explore Strategic Alternatives

Galloway cites recent sector transactions valued at 3 to 13 times revenue as context for its valuation view.

Rhea-AI Summary

Galloway Capital Partners supports PodcastOne’s (NASDAQ: PODC) decision to form a special board committee to retain an advisor to evaluate strategic alternatives. Galloway Capital and its affiliates are Schedule 13D filers in PodcastOne.

Galloway believes PodcastOne’s public valuation understates its assets’ value, particularly to a strategic acquirer. Its estimated annual revenue of $68 million to $75 million and illustrative valuation of 3 to 4 times revenue imply an enterprise value of approximately $195 million to $300 million, or approximately $7.00 to $10 per share. These are Galloway’s opinions and assumptions, not PodcastOne guidance, an acquisition offer or an available transaction price. No strategic review or transaction is assured.

2 points · 0 major

PositiveiHow this balance works

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0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointGalloway supports PodcastOne’s decision to form a special committee to retain an advisor and evaluate strategic alternatives.
• Minor point. Forward-looking: it has not happened yet and may not happen.Galloway’s illustrative 3 to 4 times revenue valuation implies approximately $7.00 to $10 per share.

Negative

• Minor pointNo strategic review or transaction is assured.
• Minor pointGalloway’s estimates are not PodcastOne guidance or an acquisition offer and establish no available transaction price.

Key Figures

Publisher ranking: 6th Unique U.S. listeners: 5.8 million Estimated annual revenue: $68 million–$75 million +4 more

Publisher ranking

6th

Among participating U.S. podcast publishers and networks measured by Podtrac

Unique U.S. listeners

5.8 million

PodcastOne audience reported in the article

Estimated annual revenue

$68 million–$75 million

Galloway estimate; not Company guidance

Illustrative revenue multiple

3–4x revenue

Valuation assumption cited by Galloway

Illustrative enterprise value

$195 million–$300 million

Galloway valuation estimate; not an acquisition offer

Illustrative value per share

$7.00–$10

Galloway estimate; not an available transaction price

Sector transaction multiples

3–13x revenue

Recent sector transactions cited in the article

Historical Context

1 past event · Latest: Oct 28

1 event

1. Oct 28

   Strategic alternatives review

   24h Move

   +36.1%

   Board formed a committee after inbound acquisition interest and planned to retain an investment banker.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

schedule 13d, enterprise value

2 terms

schedule 13d regulatory

"Schedule 13D filers in PodcastOne, Inc."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

enterprise value financial

"implies an enterprise value of approximately $195 million to $300 million"

Enterprise value is the total worth of a company, reflecting what it would cost to buy the entire business. It includes the company's market value plus any debts, minus its cash holdings, offering a comprehensive picture of its true value. Investors use it to compare companies regardless of their capital structures, helping them assess how much they would need to pay to acquire the business.

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AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Galloway Capital Partners, LLC announced that Galloway Capital, LP and its affiliates, Schedule 13D filers in PodcastOne, Inc. (NASDAQ: PODC), strongly support the Company’s decision to form a Special Committee of the Board of Directors to retain a financial advisor to evaluate strategic alternatives to maximize shareholder value.

Galloway believes PodcastOne’s public market valuation substantially understates the value of its content portfolio, advertising relationships and distribution capabilities, particularly to a strategic acquirer. The Company was recently ranked 6th among participating U.S. podcast publishers and networks measured by Podtrac, reaching approximately 5.8 million unique U.S. listeners.

“PodcastOne has expanded its revenue, programming and audience, yet we believe those achievements remain inadequately reflected in its share price,” said Bruce Galloway, Chief Executive Officer of Galloway Capital Partners. Based on our estimated annual revenue of $68 million to $75 million, applying an illustrative valuation range of 3 to 4x revenue implies an enterprise value of approximately $195 million to $300 million, or approximately $7.00 to $10 per share.   Recent transactions in the sector have been valued at 3 to 13x revenue.

About Galloway Capital Partners, LLC

Galloway Capital Partners, LLC is an investment firm focused on identifying undervalued public companies and engaging constructively to enhance shareholder value.

Contact:
Bruce Galloway
Chief Executive Officer
Galloway Capital Partners, LLC
bgalloway@gallowaycap.com

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding potential value creation and strategic opportunities. Actual results may differ materially from those expressed or implied. Galloway undertakes no obligation to update these statements except as required by law.

Information regarding Galloway Capital Partners and certain matters referenced herein is contained in a Schedule 13D filed with the U.S. Securities and Exchange Commission on October 27, 2026, which is available at www.sec.gov.

Important Disclosures

Revenue estimates and valuation ranges reflect Galloway’s opinions and assumptions, are not Company guidance or an acquisition offer, and do not establish an available transaction price. Forward-looking statements involve risks and uncertainties; actual results may differ materially. No strategic review or transaction is assured. Galloway undertakes no obligation to update these statements except as required by law.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What strategic alternatives decision does Galloway support at PodcastOne (PODC)?

Galloway supports PodcastOne’s decision to form a special committee of its board to retain a financial advisor and evaluate strategic alternatives to maximize shareholder value. No strategic review or transaction is assured.

What valuation does Galloway estimate for PodcastOne (PODC)?

Galloway’s illustrative valuation implies an enterprise value of approximately $195 million to $300 million, or approximately $7.00 to $10 per share. It uses estimated annual revenue of $68 million to $75 million and a multiple of 3 to 4 times revenue. These estimates are not PodcastOne guidance or an acquisition offer and do not establish an available transaction price.