PodcastOne (NASDAQ:PODC) Reports Record 1H & Q2 Fiscal 2027 Financial Results; 1H Fiscal 2027 Revenue of $31.5M and Adjusted EBITDA* of $2.9M
First-half adjusted EBITDA increased, but the GAAP net loss widened to $2.036 million from $2.029 million.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
PodcastOne (NASDAQ:PODC) reported record first-half fiscal 2027 revenue of $31.5 million for the six months ended September 30, 2026. First-half adjusted EBITDA, a non-GAAP earnings measure excluding specified costs, rose to $2.953 million from $1.666 million. The GAAP net loss widened to $2.036 million from $2.029 million, while basic and diluted loss per share narrowed to $0.07 from $0.08.
Second-quarter revenue rose to $15.410 million from $15.156 million. Quarterly adjusted EBITDA increased to $1.377 million from $1.086 million, and net loss narrowed to $479,000 from $975,000. Cash reached $7.166 million at September 30, versus $3.509 million at March 31. Over that period, related-party receivables rose to $16.304 million from $5.268 million, and outstanding common shares increased to 30,771,960 from 27,315,634. September audience figures included more than 15 million downloads and streams and 5.8 million unique listeners.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointFirst-half revenue increased to $31.535 million from $30.150 million a year earlier.
- Moderate pointFirst-half adjusted EBITDA increased to $2.953 million from $1.666 million a year earlier.
- Moderate pointQ2 net loss narrowed to $479,000 from $975,000; basic and diluted loss per share improved to $0.02 from $0.04.
- Moderate pointCash increased to $7.166 million at September 30, 2026, from $3.509 million at March 31.
- Moderate pointGross profit increased year over year to $1.690 million in Q2 and $3.593 million first-half, from $1.613 million and $3.022 million.
- Moderate pointNon-GAAP contribution margin increased to $2.881 million in Q2 and $7.030 million first-half, from $2.688 million and $5.083 million.
7 minor points
- Minor pointQ2 revenue increased to $15.410 million from $15.156 million a year earlier.
- Minor pointQ2 adjusted EBITDA increased to $1.377 million from $1.086 million a year earlier.
- Minor pointFirst-half basic and diluted loss per share narrowed to $0.07 from $0.08 a year earlier.
- Minor pointQ2 general and administrative expense declined to $1.332 million from $1.774 million a year earlier.
- Minor pointFirst-half sales and marketing expense declined to $1.536 million from $1.557 million a year earlier.
- Minor pointProduct development expense declined year over year to $9,000 in Q2 and $21,000 first-half, from $11,000 and $23,000.
- Minor pointIntangible amortization declined year over year to $76,000 in Q2 and $235,000 first-half, from $125,000 and $250,000.
Negative
- Moderate pointOutstanding common shares increased to 30,771,960 at September 30, 2026, from 27,315,634 at March 31.
- Moderate pointRelated-party payable increased to $8.394 million at September 30, 2026, from $5.004 million at March 31.
- Minor pointFirst-half net loss widened to $2.036 million from $2.029 million a year earlier.
- Minor pointAccounts payable and accrued liabilities increased to $9.177 million at September 30, 2026, from $6.932 million at March 31.
- Minor pointCost of sales increased year over year to $13.720 million in Q2 and $27.942 million first-half, from $13.543 million and $27.097 million.
3 minor points
- Minor pointFirst-half general and administrative expense increased to $3.837 million from $3.252 million a year earlier.
- Minor pointQ2 sales and marketing expense increased to $752,000 from $678,000 a year earlier.
- Minor pointNon-recurring acquisition and realignment costs reached $45,000 in Q2 and $118,000 first-half, versus zero and $17,000 a year earlier.
News Explained
PodcastOne’s first-half adjusted EBITDA reconciliation includes an add-back for other stock-based compensation that exceeds the resulting adjusted EBITDA measure.
Key Figures
- Q2 revenue
- $15.4 million
- Q2 Fiscal 2027; increased year over year
- Q2 Adjusted EBITDA
- $1.4 million
- Q2 Fiscal 2027; increased 27% year over year
- 1H revenue
- $31.5 million
- 1H Fiscal 2027
- 1H Adjusted EBITDA
- $2.9 million
- 1H Fiscal 2027
Previous Earnings Reports
-
Q1 Fiscal 2027 revenue rose 8% and Adjusted EBITDA rose 172% year over year.
-
Prior-year first-half revenue rose 19%, with Adjusted EBITDA of $1.7 million.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
adjusted ebitda financial
non-gaap financial
contribution margin financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOS ANGELES, CA / ACCESS Newswire / November 12, 2026 / PodcastOne (NASDAQ:PODC), a leading publisher and podcast sales network, today announced its record financial results for the second fiscal quarter ("Q2 Fiscal 2027") and first six months ("1H Fiscal 2027") ended September 30, 2026 of its fiscal year ending March 31, 2027 ("Fiscal 2027"). PodcastOne will host a conference call and webcast today, November 12, 2026, at 12:00 PM Eastern Time.
Q2 Financial & Operational Highlights
- Revenue increased YoY to
$15.4 million for Q2 Fiscal 2027. - Adjusted EBITDA* increased
27% or$0.3 million YoY, reaching$1.4 million - Record 1H Fiscal 2027 Revenue of
$31.5M - Record 1H Fiscal 2027 Adjusted EBITDA* of
$2.9M - Delivered 15M+ downloads and streams and 5.8M unique listeners in September
- Recently ranked #6 ranking on Podtrac
"We're proud to deliver record first-half financial results and continued momentum across the business," said Kit Gray, President and Co-Founder of PodcastOne. "With strong audience growth, an expanding content portfolio, and continued progress across our advertising and subscription businesses, we remain focused on building long-term value and driving sustainable growth."
Q2 Fiscal 2027 vs Q2 Fiscal 2026 and 1H Fiscal 2027 vs 1H Fiscal 2026 Results Summary (in $000's, except per share; unaudited)
| Three Months Ended | Six Monthe Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
Revenue | $ | 15,410 | $ | 15,156 | $ | 31,535 | $ | 30,150 | ||||||||
Operating loss | $ | (479 | ) | $ | (975 | ) | $ | (2,036 | ) | $ | (2,029 | ) | ||||
Total other income (expense) | $ | - | $ | - | $ | - | $ | - | ||||||||
Net loss | $ | (479 | ) | $ | (975 | ) | $ | (2,036 | ) | $ | (2,029 | ) | ||||
Adjusted EBITDA* | $ | 1,377 | $ | 1,086 | $ | 2,953 | $ | 1,666 | ||||||||
Net loss per share basic and diluted | $ | (0.02 | ) | $ | (0.04 | ) | $ | (0.07 | ) | $ | (0.08 | ) | ||||
Q2 Fiscal 2027 Earnings Conference Call and Webcast:
Date: Thursday, November 12, 2026
Time: 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time)
Webcast Link: Link: https://events.q4inc.com/attendee/272989708
Dial-in: +1 (833) 461-5787
International Dial-in: (585) 542-9983
Conference Code: 272 989 708
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.
Use of Non-GAAP Financial Measures*
To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America ("GAAP"), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization ("Adjusted EBITDA"), which are non-GAAP financial measures, as measures of our performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.
We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segment. We believe that information about these non-GAAP financial measures assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and the other factors that affect reported results. Adjusted EBITDA is not calculated or presented in accordance with GAAP. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.
Contribution Margin (Loss) is defined as Revenue less Cost of Sales before (a) Cost of Sales share-based compensation expense, (b) depreciation, and (c) amortization of developed technology. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, and (e) certain stock-based compensation expense. Management does not consider these costs to be indicative of our core operating results.
With respect to projected quarterly or full 2027 fiscal year Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.
For more information on these non-GAAP financial measures, please see the tables entitled "Reconciliation of Non-GAAP Measure to GAAP Measure" included at the end of this release.
PodcastOne Press Contact:
Paul Manley
pmanley@podcastone.com
Financial Information
The tables below present financial results for the three and six months ended September 30, 2026 and 2025.
PodcastOne, Inc.
Consolidated Statements of Operations (Unaudited)
(In thousands, except share and per share amounts)
| Three Months Ended | Six Months Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
Revenue: | $ | 15,410 | $ | 15,156 | $ | 31,535 | $ | 30,150 | ||||||||
Operating expenses: | ||||||||||||||||
Cost of sales | 13,720 | 13,543 | 27,942 | 27,097 | ||||||||||||
Sales and marketing | 752 | 678 | 1,536 | 1,557 | ||||||||||||
Product development | 9 | 11 | 21 | 23 | ||||||||||||
General and administrative | 1,332 | 1,774 | 3,837 | 3,252 | ||||||||||||
Amortization of intangible assets | 76 | 125 | 235 | 250 | ||||||||||||
Total operating expenses | 15,889 | 16,131 | 33,571 | 32,179 | ||||||||||||
Loss from operations | (479 | ) | (975 | ) | (2,036 | ) | (2,029 | ) | ||||||||
Other income (expense): | ||||||||||||||||
Interest expense, net | - | - | - | - | ||||||||||||
Loss before provision for income taxes | (479 | ) | (975 | ) | (2,036 | ) | (2,029 | ) | ||||||||
Provision for income taxes | - | - | - | - | ||||||||||||
Net loss | $ | (479 | ) | $ | (975 | ) | $ | (2,036 | ) | $ | (2,029 | ) | ||||
Net loss per share - basic and diluted | $ | (0.02 | ) | $ | (0.04 | ) | $ | (0.07 | ) | $ | (0.08 | ) | ||||
Weighted average common shares - basic and diluted | 30,307,991 | 26,506,636 | 29,567,199 | 26,291,453 | ||||||||||||
PodcastOne, Inc.
Consolidated Balance Sheets (Unaudited)
(In thousands)
| September 30, | March 31, | |||||||
| 2026 | 2026 | |||||||
Assets | ||||||||
Current Assets | ||||||||
Cash and cash equivalents | $ | 7,166 | $ | 3,509 | ||||
Accounts receivable, net | 7,241 | 7,331 | ||||||
Prepaid expense and other current assets | 80 | 231 | ||||||
Total Current Assets | 14,487 | 11,071 | ||||||
Property and equipment, net | 143 | 204 | ||||||
Goodwill | 12,041 | 12,041 | ||||||
Intangible assets, net | 379 | 613 | ||||||
Related party receivable | 16,304 | 5,268 | ||||||
Total Assets | $ | 43,354 | $ | 29,197 | ||||
Liabilities and Stockholders' Equity | ||||||||
Current Liabilities | ||||||||
Accounts payable and accrued liabilities | $ | 9,177 | $ | 6,932 | ||||
Lease liabilities | 19 | 70 | ||||||
Related party payable, net | 8,394 | 5,004 | ||||||
Lease liabilities | 97 | 97 | ||||||
Total Liabilities | 17,687 | 12,103 | ||||||
Commitments and Contingencies (Note 8) | ||||||||
Stockholders' Equity | ||||||||
Preferred stock, | - | - | ||||||
Common stock, | - | - | ||||||
Additional paid in capital | 66,417 | 55,807 | ||||||
Accumulated deficit | (40,750 | ) | (38,713 | ) | ||||
Total stockholders' equity | 25,667 | 17,094 | ||||||
Total Liabilities and Stockholders' Equity | $ | 43,354 | $ | 29,197 | ||||
PodcastOne, Inc.
Reconciliation of Non-GAAP Measure to GAAP Measure
Adjusted EBITDA* Reconciliation (Unaudited)
(In thousands)
Net Income (Loss) | Depreciation and Amortization | Stock-Based Compensation | Other Stock-Based Compensation | Non- Recurring Acquisition and Realignment Costs (1)* | Other (Income) Expense (2)* | (Benefit) Provision for Taxes | Adjusted EBITDA* | ||||||||||||||||||
Three Months Ended September 30, 2026 | |||||||||||||||||||||||||
Total | $ | (479 | ) | $ | 80 | $ | 221 | $ | 1,510 | $ | 45 | $ | - | $ | - | $ | 1,377 | ||||||||
Three Months Ended September 30, 2025 | |||||||||||||||||||||||||
Total | $ | (975 | ) | $ | 131 | $ | 45 | $ | 1,885 | $ | - | $ | - | $ | - | $ | 1,086 | ||||||||
Six Months Ended September 30, 2026 | |||||||||||||||||||||||||
Total | $ | (2,036 | ) | $ | 244 | $ | 285 | $ | 4,342 | $ | 118 | $ | - | $ | - | $ | 2,953 | ||||||||
Six Months Ended September 30, 2025 | |||||||||||||||||||||||||
Total | $ | (2,029 | ) | $ | 283 | $ | 45 | $ | 3,350 | $ | 17 | $ | - | $ | - | $ | 1,666 | ||||||||
- Other Non-Operating and Non-Recurring Costs include outside legal, accounting and other professional fees directly attributable to acquisition activity in the period, in addition to certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at certain acquired companies prior to their purchase date and non-recurring employee severance payments.
- Other (income) expense above primarily includes interest expense, net and change in fair value of derivative liabilities. These are included in the statement of operations in other income (expense) and are an add back to net loss above in the reconciliation of Adjusted EBITDA* to Loss.
* See the definition of Adjusted EBITDA under "About Non-GAAP Financial Measures" within this release.
PodcastOne, Inc.
Reconciliation of Non-GAAP Measure to GAAP Measure
Contribution Margin* Reconciliation (Unaudited)
(In thousands)
| Three Months Ended | Six Months Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
Revenue: | $ | 15,410 | $ | 15,156 | $ | 31,535 | $ | 30,150 | ||||||||
Less: | ||||||||||||||||
Cost of sales | (13,720 | ) | (13,543 | ) | (27,942 | ) | (27,097 | ) | ||||||||
Amortization of developed technology | - | - | - | (31 | ) | |||||||||||
Gross Profit | 1,690 | 1,613 | 3,593 | 3,022 | ||||||||||||
Add backs: | ||||||||||||||||
Share-based compensation | 1,189 | 1,072 | 3,432 | 2,004 | ||||||||||||
Depreciation | 2 | 3 | 5 | 26 | ||||||||||||
Amortization of developed technology | - | - | - | 31 | ||||||||||||
Contribution Margin* | $ | 2,881 | $ | 2,688 | $ | 7,030 | $ | 5,083 | ||||||||
* See the definition of Contribution Margin under "About Non-GAAP Financial Measures" within this release.
SOURCE: PodcastOne
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were PodcastOne's first-half fiscal 2027 financial results?
PodcastOne reported first-half revenue of $31.535 million, adjusted EBITDA of $2.953 million, and a GAAP net loss of $2.036 million. For the comparable six months a year earlier, revenue was $30.150 million, adjusted EBITDA was $1.666 million, and net loss was $2.029 million.
How did PodcastOne perform in the second quarter of fiscal 2027?
PodcastOne reported Q2 revenue of $15.410 million and a net loss of $479,000, compared with revenue of $15.156 million and a net loss of $975,000 a year earlier. Adjusted EBITDA increased to $1.377 million from $1.086 million.
What adjustments separate PodcastOne's first-half fiscal 2027 adjusted EBITDA from its net loss?
PodcastOne's reconciliation adds back $244,000 of depreciation and amortization, $285,000 of stock-based compensation, $4.342 million of other stock-based compensation, and $118,000 of non-recurring acquisition and realignment costs. These adjustments reconcile the $2.036 million GAAP net loss to $2.953 million of adjusted EBITDA.