PodcastOne Inc Stock Price, News & Analysis

PodcastOne (PODC), a prominent podcast platform and a subsidiary of LiveOne (LVO), has announced its participation in the iAccess Alpha Buyside Best Ideas Summer Conference 2024, scheduled for June 25 and 26, 2024. Kit Gray, President and Co-Founder of PodcastOne, will deliver a company presentation on June 25, 2024, at 1:00 PM ET. The event includes webcast presentations on the first day and one-on-one meetings on the second day, offering an opportunity for investors to engage with company management. The presentation will be webcast live and available for replay on both the conference's and PodcastOne's websites.

PodcastOne (NASDAQ: PODC) announced the addition of a new podcast, Tactful Pettiness, to its network. Hosted by Cody Rigsby and Andrew Chappelle, this cultural comedy podcast will debut on June 20, 2024, with new episodes airing every Thursday. PodcastOne will manage exclusive distribution, sales rights, and production.

This marks the 8th new podcast added to PodcastOne's network this fiscal year and the 39th in the past 12 months. The company now hosts 184 shows in total. The combined social following of the hosts exceeds 2 million.

Cody Rigsby is known for his work with Peloton and as a New York Times Best Selling Author, while Andrew Chappelle has a notable career on Broadway and in film. Both bring significant followings and diverse talents to the new venture.

PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), claims a reach of over 1 billion listeners per month and offers over 2.1 billion downloads annually.

PodcastOne (NASDAQ: PODC) has announced the appointment of Jon Merriman to its Board of Directors. Merriman, a veteran with over 35 years in investment banking and financial services, is currently the Chief Business Officer at B. Riley Financial and the Senior Managing Director at B. Riley Securities. PodcastOne President Kit Gray highlighted Merriman's expertise in identifying high-growth companies and his extensive network as key assets for the company's growth. Merriman expressed enthusiasm about joining PodcastOne at a pivotal growth stage, citing the company's impressive market impact and recent B2B partnerships.

PodcastOne (Nasdaq: PODC) announced its fiscal year 2024 results, reporting record revenue of $43.3 million, a significant increase from $34.6 million in the prior year. For Q4 FY 2024, revenue reached $11.7 million, up 32% year-over-year.

The company posted an adjusted EBITDA of $0.7 million for FY 2024 and $258K for Q4 FY 2024, reflecting improved financial performance. Shareholders' equity increased by $9 million, and liabilities were reduced by $13 million. All debt was extinguished, with $3 million repaid in cash and $7 million converted into shares.

PodcastOne has raised its FY 2025 revenue guidance to $51-56 million. LiveOne (Nasdaq: LVO) acquired 159,000 PODC shares at $3 per share and continues to acquire more shares. A special shareholders call is scheduled for June 5, 2024, at 10:00 A.M. ET.

PodcastOne (NASDAQ: PODC), a major podcast platform, has announced the LADYGANG podcast's “You Never Forget Your First” tour, presented by CLEARSTEM. The tour will include stops across North America from August to December 2024, featuring cities like New York, Boston, and Atlanta. Hosted by Keltie Knight, Becca Tobin, and Jac Vanek, the podcast boasts over 250 million downloads and more than 800 episodes. The tour offers VIP packages with exclusive merchandise and CLEARSTEM skincare products. Tickets are available from May 21, 2024, via their website.

PodcastOne (NASDAQ: PODC) has launched its newest podcast, We (Almost) Made It with Bryan Greenberg and Victor Rasuk, which debuted on May 16, 2024. This marks the 37th show added in the past 12 months, and 7th this year, bringing their total to 186 programs. Greenberg and Rasuk, known for their roles in HBO’s How to Make It in America, will host the weekly podcast focusing on diverse topics like film, TV, music, and entrepreneurship. PodcastOne will handle exclusive distribution, sales rights, and production. The podcast can be accessed on platforms like Apple Podcasts, Spotify, iHeart, and Amazon.

PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), delivers over 2.1 billion downloads annually and reaches 1 billion listeners monthly through various channels. It also supports independent podcasters via its LaunchpadOne platform.

The Dr. Gundry Podcast, hosted by renowned cardiothoracic surgeon Steven R. Gundry, M.D., celebrates its 300th episode. The podcast, managed by PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), offers health insights based on scientific research. It features interviews with health experts and stories of individuals who have transformed their health following Dr. Gundry's lectin-free diet.

To commemorate the milestone, the special episode features four guests who have experienced significant health improvements. Listeners can also enjoy a 20% discount on their first purchase from Gundry MD using a special promo code, valid until December 31, 2024.

PodcastOne's (Nasdaq: PODC) Baby Mamas No Drama podcast won the People's Voice for Best Lifestyle Podcast in the 28th Annual Webby Awards for 2024. This marks the second year in a row for the top podcast, with close to 30 million downloads across 190 episodes. Hosted by Kail Lowry and Vee Rivera from MTV's Teen Mom, the podcast shares their journey of co-parenting and turning failures into success. The Webby Awards recognized the podcast for its innovation and creativity, setting a high standard in podcasting. PodcastOne, a subsidiary of LiveOne, is proud of the hosts' contributions and aims to continue growing their audience.