PodcastOne (NASDAQ:PODC) Board of Directors Forms Special Committee and Intends to Retain Financial Advisor Following Inbound Strategic Interest

PodcastOne intends to run a competitive process on behalf of shareholders while evaluating proposals and other alternatives.

Rhea-AI Summary

PodcastOne (NASDAQ:PODC) has formed an independent special committee after receiving acquisition interest from multiple strategic parties and entering discussions with each. The committee will oversee the process, and the company intends to retain an investment banker to help evaluate these and other alternatives.

PodcastOne expects to select a financial advisor in the near term while continuing discussions with interested parties. The Board believes the current stock price does not reflect the business's value. The company reported $61.7 million in fiscal 2026 revenue. There is no assurance the process will result in a transaction.

2 points · 0 major

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How this balance works

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0 major · 0 points

How the balance works

Positive

• Moderate pointAcquisition interest from multiple strategic parties has led to discussions with each.
• Minor pointFiscal 2026 revenue totaled $61.7 million.

Negative

• None.

Argus 15 min delay 33 alerts

+25.56% vs previous close $2.26 last price 56.4x rel. volume Open Argus

Details

Market Reaction – PODC

+6.2% Peak Tracked

-12.5% Trough Tracked

$1.80 – $2.38 Day Range

$68.37M Mkt Cap at Last Price

On Oct 28, the day this news came out, the latest delayed price for PODC is 25.56% above the previous close. Argus tracked a peak move of +6.2% during the session. Argus tracked a trough of -12.5% from its starting point during tracking. Our momentum scanner has recorded 33 alerts for this stock so far that day. The latest delayed price is $2.26. Relative volume is exceptionally heavy at 56.4x the average.

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Key Figures

Revenue: $61.7 million Monthly impressions: More than 1 billion Content library: 750,000 hours

Revenue

$61.7 million

Fiscal 2026

Monthly impressions

More than 1 billion

PodcastOne distribution network

Content library

750,000 hours

Content for LLM, SLM, RAG and AI training and data licensing opportunities

Key Terms

llm, rag, saas

3 terms

llm technical

"750,000 hours of content for LLM, SLM, RAG and AI training"

A large language model (LLM) is an advanced computer system trained on vast amounts of written text to understand and generate human-like language, similar to a very fast, well-read assistant that can summarize documents, draft messages, or answer questions. Investors care because LLMs can speed up research, automate customer support, and reduce costs, while also creating new product opportunities and risks around accuracy, bias, and regulatory oversight that can affect a company’s performance.

rag technical

"750,000 hours of content for LLM, SLM, RAG and AI training"

A RAG (red-amber-green) status is a simple color-coded system used in reports and dashboards to show the health, progress, or risk level of a project, metric, or business area. Think of it as a traffic light: green means on track, amber means caution or potential issues, and red means serious problems. Investors use RAG indicators to quickly spot emerging risks or improvements that could affect future performance and value.

saas technical

"AI monetization: Conversational search, AI agents, APIs, SaaS"

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

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

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LOS ANGELES, CA / ACCESS Newswire / October 28, 2026 / PodcastOne (NASDAQ:PODC), a leading publisher and podcast sales network, today announced that it has received inbound interest from multiple strategic parties regarding a potential acquisition of the Company and is in discussions with each of them. In response, PodcastOne's Board of Directors (the "Board") has formed a special committee of independent directors to oversee the process and intends to retain an investment banker to assist the committee in evaluating these and other alternatives to maximize shareholders value.

The Board believes the Company's current stock price does not reflect the value of its business. PodcastOne recently ranked as the #6 U.S. podcast publisher according to Podtrac, with more than 1 billion monthly impressions, and a diversified base of advertising and data-driven revenue. In the Board's view, the market has not fully recognized the value of PodcastOne's scale, audience reach and proprietary data, including what they may be worth to a strategic owner.

Key Assets

• Scale: Recently ranked as #6 U.S. podcast publisher (Podtrac); more than 12 years of independent operation
• Creators: 200+ podcasters and more than 1 billion monthly impressions
• Data: 750,000 hours of content for LLM, SLM, RAG and AI training and data licensing opportunities
• AI monetization: Conversational search, AI agents, APIs, SaaS and semantic discovery
• TV & Film: Creator-driven IP, streaming and second-window opportunities
• Financial Base: $61.7 million in fiscal 2026 revenue

"The level of strategic interest we are seeing supports the Board's long-held view that the market has not valued our platform for what it has achieved. We intend to run a rigorous, competitive process on behalf of all shareholders", stated Robert Ellin, Executive Chairman of PodcastOne.

The special committee of the Board will oversee the process, and PodcastOne expects to select a financial advisor in the near term. PodcastOne will continue its discussions with interested parties while the process is structured and will evaluate all proposals with a view to maximizing shareholders value. There can be no assurance that this process will result in a transaction, and the Company does not intend to comment further unless and until it determines disclosure is appropriate or required.

About PodcastOne, Inc.

PodcastOne (NASDAQ:PODC) is a leading podcast platform that provides creators and advertisers with a comprehensive 360-degree solution in sales, marketing, public relations, production, and distribution. PodcastOne has surpassed 3.9 billion total downloads with a community of 200 top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, A&E's Cold Case Files, and Varnamtown. PodcastOne has built a distribution network reaching over 1 billion monthly impressions across all channels, including YouTube, Spotify, Apple Podcasts, and iHeartRadio. PodcastOne is also the parent company of PodcastOne Pro which offers fully customizable production packages for brands, professionals, or hobbyists. For more information, visit www.podcastone.com and follow us on Facebook, Instagram, YouTube, and X at @podcastone.

Forward-Looking Statements

All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne's reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne's and PodcastOne's ability to consummate any proposed financing, acquisition, merger, distribution or other transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne's ability to continue as a going concern; PodcastOne's ability to attract, maintain and increase the number of its listeners; PodcastOne identifying, acquiring, securing and developing content; LiveOne's intent to repurchase shares of its and/or PodcastOne's common stock from time to time under LiveOne's stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne's ability to maintain compliance with certain financial and other covenants under its senior secured debentures and potential effects on PodcastOne of LiveOne's non-compliance; PodcastOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; LiveOne's ability to repay its indebtedness when due; PodcastOne's obligations under LiveOne's senior secured debentures as a result of PodcastOne having entered into a Subsidiary Guarantee and related Security Agreement with the holders of such debentures, which debentures are secured by all of the assets of LiveOne, PodcastOne and their respective subsidiaries; LiveOne's ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or PodcastOne's and/or LiveOne's ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of PodcastOne, LiveOne and/or LiveOne's other subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in PodcastOne's Annual Report on Form 10-K for the fiscal year ended March 31, 2026, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 29, 2026, Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 14, 2026, and in PodcastOne's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and PodcastOne disclaims any obligation to update these statements, except as may be required by law. PodcastOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

PodcastOne Press Contact:

Paul Manley
pmanley@podcastone.com

SOURCE: LiveOne

View the original press release on ACCESS Newswire

FAQ

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Is PodcastOne exploring a potential acquisition?

PodcastOne is discussing a potential acquisition with multiple strategic parties following inbound interest. An independent special committee will oversee the process, and the company intends to retain an investment banker to evaluate these and other alternatives. There is no assurance that a transaction will result.

Will PodcastOne provide further updates on its acquisition discussions?

PodcastOne does not intend to comment further unless and until it determines that disclosure is appropriate or required.