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PodcastOne (PODC) Stock News, Oct-Dec 2024

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PodcastOne, Inc. operates as a podcast network, publisher and podcast sales platform whose content is distributed through major podcasting platforms and its own app. Company news commonly covers programming additions, exclusive sales and distribution rights, audience-facing podcast franchises, and partnerships with media brands such as A+E Networks.

Recurring updates also address PodcastOneAI, the company’s platform for licensing and monetizing its audio and video catalog for artificial intelligence uses, as well as operating results, guidance, advertising and sponsorship monetization, content sales, and corporate activity involving parent company LiveOne.

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PodcastOne (NASDAQ: PODC) announced a virtual investor webinar scheduled for January 16, 2025, at 11:00 a.m. EST. The company's executive team, including President Kit Gray, CFO Aaron Sullivan, and Vice Chairman Steve Lehman, will present business operations and recent achievements.

The presentation will highlight the expansion of their programming slate to 194 shows and achieving over 3.8 billion network downloads. PodcastOne's platform currently features over 200 top podcasters and reaches 1 billion monthly listeners across various channels, including LiveOne, Spotify, Apple Podcasts, and Tesla vehicles.

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PodcastOne (NASDAQ: PODC) has expanded its programming slate to 194 shows and achieved over 3.8 billion network downloads. The company announced the addition of five new weekly podcasts, including shows from A&E's The History Channel, country singer Sara Evans, and entrepreneur James Altucher. This expansion represents 54 new shows added in 2024 and strengthens PodcastOne's presence in key genres such as History, How To, Society and Culture, and Self-Help.

The new additions include Ancient Aliens, Diving in Deep with Sara Evans, The James Altucher Show, Moms Ask Why, and Delusional Diaries. PodcastOne's distribution network reaches over 1 billion listeners monthly across various platforms, including LiveOne, Spotify, Apple Podcasts, and Tesla vehicles.

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PodcastOne (NASDAQ: PODC) has launched PodcastOne Pro, a comprehensive podcast production service offering customizable solutions for brands and professionals. The service includes access to studios, equipment, strategy, production, editing, guest booking, distribution, and promotion across PodcastOne's network.

Initial clients include MotorTrend, Boost Mobile, Microsoft, and LoveSac. The company is also debuting a new state-of-the-art production studio in Beverly Hills. PodcastOne expects Fiscal 2025 revenues to increase by at least 17% to a record of $51.0 million. The company is currently ranked 13th in Podtrac's Podcast Industry Top Publishers Rankings for November 2024.

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PodcastOne (NASDAQ: PODC) has announced the acquisition of the Stassi podcast in a multiyear seven-figure deal. The podcast, hosted by bestselling author and reality TV personality Stassi Schroeder, strengthens PodcastOne's female-focused content lineup. This marks the 49th new podcast joining the platform in 2024, bringing the total to 189 podcasts.

The show features Schroeder sharing personal stories and commentary on pop culture, relationships, and style. PodcastOne plans to integrate Stassi into promotional initiatives and explore live shows, merchandising, and adaptations. The platform currently reaches over 1 billion monthly listeners and generates 2.1 billion downloads annually across its network of 250 top podcasters.

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PodcastOne (NASDAQ: PODC) reported Q2 Fiscal 2025 financial results with revenue increasing 16% year-over-year to $12.2 million. The company ranked 12th in Podtrac's Industry Rankings with 5.4 million unique monthly U.S. listeners and 16.2 million global downloads. PodcastOne launched new revenue streams including PodcastOne Pro and premium content paywalls. The company expects Fiscal 2025 revenues to grow at least 17% to a record $51.0 million, with positive Adjusted EBITDA. Despite revenue growth, the company reported an operating loss of $1.7 million and net loss of $(0.07) per share.

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PodcastOne (PODC) has engaged MZ Group to lead its strategic investor relations and financial communications program. As the only pure-play podcast network company listed on a national exchange in the US, PodcastOne ranks 10th in PODTRAC's Publisher rankings, surpassing major media companies. The company features 181 exclusive podcasts, produces over 350 episodes weekly, and reaches 5.0 million monthly unique listeners with 19 million monthly downloads. Their revenue model includes host-read ads, dynamic insertion, custom segments, and branded content, serving over 200 major brands across platforms like Spotify, Apple, and YouTube.

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PodcastOne (Nasdaq: PODC) announces its participation in three major investor conferences: the Think Equity Conference (October 30, 2024), the Wall Street Conference (November 12-14, 2024), and the 13th Annual ROTH Technology Conference (November 19-20, 2024). Kit Gray, Co-founder and President, will conduct one-on-one meetings with institutional investors and deliver presentations at each event.

The company reported record quarterly revenues of $13.2 million in Q1 FY2025, highlighting its position as the only public pure-play podcast platform in the United States. This growth is attributed to innovative marketing efforts and strong advertiser relationships.

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PodcastOne (PODC) has acquired exclusive sales and distribution rights to Pop Apologists, an Apple Chart-topping pop culture podcast. The show, launched in 2020 by hosts Lauren and Chanler, has accumulated millions of downloads across 210 episodes, featuring celebrity guests and discussions on pop culture trends. Pop Apologists becomes the 48th show added to PodcastOne's network in 2024, joining their roster of top-ranked podcasts that generates over 2.1 billion downloads annually with a community of 250 podcasters.

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PodcastOne (PODC) has scheduled its second quarter fiscal year 2025 financial results announcement and investor webcast for Thursday, November 7, 2024 at 11:30am ET. The company will host a live conference call and audio webcast where senior management will provide a business update and discuss operating and financial results for the quarter ended September 30, 2024. The event will be accessible via phone dial-in and webcast, with replay available until November 21, 2024. PodcastOne, a Los Angeles-based podcast network, delivers over 2.1 billion downloads annually through its network of 250 top podcasters.

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PodcastOne (NASDAQ: PODC) has launched the 10th season of its hit series, The Opportunist, hosted by true crime author Sara James McLaughlin. The new season, titled Tim Ballard: Unmasking a Hero, explores the controversial figure Tim Ballard, founder of Operation Underground Railroad, who faces allegations of sexual misconduct. This season features interviews with his accusers and aims to uncover the truth behind his public persona. PodcastOne boasts a diverse roster of top-ranked podcasts, including Vigilante, True Crime All The Time Unsolved, and The Adam Carolla Podcast. With over 2.1 billion downloads yearly and a reach of over 1 billion listeners monthly, PodcastOne continues to expand its influence. Shows are accessible on major platforms like Apple Podcasts, Spotify, and iHeartRadio. LiveOne (NASDAQ: LVO), the parent company, also offers other entertainment services through subsidiaries such as Slacker Radio and PPVOne.

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FAQ

What is the current stock price of PodcastOne (PODC)?

PodcastOne (PODC) last closed at $1.94.

What is the market cap of PodcastOne (PODC)?

The market cap of PodcastOne (PODC) is approximately $58.7M.