PodcastOne (Nasdaq: PODC) Reports Record Nine Months Fiscal 2026 Revenue of $46M and $4.5M Adjusted EBITDA*, Record Q3 Fiscal 2026 Revenue of $15.9M and $2.8M Adjusted EBITDA* up 516% YoY
Rhea-AI Summary
PodcastOne (Nasdaq: PODC) reported record Q3 Fiscal 2026 revenue of $15.9M (+25% YoY) and record YTD Fiscal 2026 revenue of $46.0M (+21% YoY). Adjusted EBITDA* rose to $2.8M in Q3 (up 516% YoY) and $4.5M YTD (up 421% YoY). Cash balance increased 217% to $3.4M. Management raised full Fiscal 2026 guidance to $58–$60M revenue and $5–$6M Adjusted EBITDA*, and disclosed preliminary Fiscal 2027 range of $68–$75M revenue and $6–$10M Adjusted EBITDA*.
Operationally, PodcastOne added 25 podcasts YTD, expanded its Amazon Art19 partnership to a >$20M annual run rate, and grew a Fortune 250 partner to a >$27M annual run rate.
Positive
- Q3 Revenue $15.9M (+25% YoY)
- YTD Revenue $46.0M (+21% YoY)
- Q3 Adjusted EBITDA $2.8M (up 516% YoY)
- Raised Fiscal 2026 guidance to $58–$60M revenue and $5–$6M Adjusted EBITDA*
- Amazon Art19 partnership expanded to >$20M annual run rate
- Fortune 250 partner revenue at >$27M annual run rate
Negative
- Net loss remained in Q3 $(0.15M) and YTD $(2.18M)
- Operating losses reported for the periods (e.g., YTD $(4.61M))
- Cash balance of $3.4M, though improved, is modest relative to growth initiatives
News Market Reaction
On the day this news was published, PODC declined 10.67%, reflecting a significant negative market reaction. Argus tracked a peak move of +7.6% during that session. Argus tracked a trough of -30.4% from its starting point during tracking. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $10M from the company's valuation, bringing the market cap to $81M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
PODC showed a -4.46% move while sector peers were mixed: SCOR up 5.31%, BODI slightly positive, and ZDGE, SJ, GIFT down modestly. No consistent sector‑wide trend appears.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 11 | Q2 FY26 earnings | Positive | +6.7% | Record Q2 and 1H FY26 results with raised FY26 revenue and EBITDA guidance. |
| Aug 13 | Q1 FY26 earnings | Positive | +5.7% | Record Q1 FY26 revenue and strong Adjusted EBITDA growth with FY26 guidance given. |
| Jun 18 | Q4 FY25 earnings | Positive | +3.0% | Record Q4 FY25 and full‑year results, exceeding revenue guidance and raising FY26 outlook. |
| Feb 12 | Q3 FY25 earnings | Positive | -8.9% | Q3 FY25 revenue growth and record nine‑month revenue but continued operating losses. |
| Nov 07 | Q2 FY25 earnings | Positive | +0.0% | Q2 FY25 revenue up 16% YoY with guidance for record FY25 revenue and positive EBITDA. |
Earnings releases have generally led to positive price reactions, with 3 of the last 5 earnings events showing gains despite ongoing net losses.
Over the past five earnings releases, PodcastOne has repeatedly reported record revenues and rising Adjusted EBITDA. Q2 FY26 revenue reached $15.2M with guidance raised to $56–60M, and earlier Q1 FY26 results and FY2025 reports also highlighted double‑digit growth and improving profitability metrics. Price reactions were mostly positive, though one Q3 FY2025 report drew an -8.94% move. Today’s record Q3 and nine‑month FY2026 results extend this pattern of growth and guidance upgrades.
Historical Comparison
Across five prior earnings releases, PODC’s average 24‑hour move was about 1.3%, with mostly positive reactions to record revenue and guidance updates.
Earnings releases have shown steady revenue growth from FY2025 into FY2026, with guidance rising from $51.0M in FY2025 to $55–60M and later $56–60M for FY2026, alongside improving Adjusted EBITDA.
Market Pulse Summary
The stock dropped -10.7% in the session following this news. A negative reaction despite stronger results fits past instances where earnings growth coexisted with operating and net losses. Prior filings highlighted going‑concern risks and limited liquidity, which may have overshadowed revenue momentum at times. Historically, some earnings reports saw downside even on positive headlines, suggesting investors weighed structural risks and profitability more heavily than top‑line growth when reassessing the story after results.
Key Terms
adjusted ebitda financial
annual run rate financial
AI-generated analysis. Not financial advice.
- Cash Balance increased
217% year-over-year to$3.4M - Fiscal 2027 Preliminary Guidance:
- Revenue
$68 -$75M - Adjusted EBITDA*
$6 -$10M
- Revenue
LOS ANGELES, Feb. 12, 2026 (GLOBE NEWSWIRE) -- PodcastOne (Nasdaq: PODC), a leading publisher and podcast sales network, today announced record financial results for the third quarter (“Q3 Fiscal 2026”) and first nine months (“YTD Fiscal 2026”) ended December 31, 2025 of its fiscal year ending March 31, 2026 ("Fiscal 2026"). PodcastOne will host a conference call and webcast today, February 12, 2026.
Financial Highlights
Record Q3 Fiscal 2026 Performance
- Revenue increased
25% YoY to$15.9 million - Adjusted EBITDA* surged
516% YoY to$2.8 million
Record YTD Fiscal 2026 Performance
- Revenue grew
21% YoY to$46.0 million - Adjusted EBITDA* increased
421% YoY to$4.5 million
Raised Full Fiscal 2026 Guidance
- Revenue of
$58 –$60 million - Adjusted EBITDA* of
$5 –$6 million
Operational Highlights
- Added 25 new podcasts year-to-date
- Maintained Top 10 Publisher status in Podtrac rankings for 15 consecutive months (currently #10)
- Achieved record revenue from Art19 (Amazon) and a Fortune 250 streaming partner
- Expanded Amazon partnership from
$16.5 million (3 years) to a$20 + million annual run rate - Fortune 250 partner revenue increased to
$27 + million annual run rate - Three PodcastOne titles sold to major TV and streaming platforms
“We’re pleased with PodcastOne’s continued performance this quarter, driven by strong subscriber growth, strategic partnerships, and the continued success of our flagship shows,” said Kit Gray, President and Co-Founder of PodcastOne. “The acquisition of Varnamtown by Paramount underscores the value of our content and the strength of our network, while our ongoing investments in technology and distribution position us well for future growth. We remain focused on delivering compelling programming and creating meaningful opportunities for our talent and audience alike.”
Q3 Fiscal 2026 & YTD Fiscal 2026 vs Q3 Fiscal 2025 & YTD Fiscal 2025 Results Summary (in
| Three Months Ended | Nine Months Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Revenue | $ | 15,856 | $ | 12,710 | $ | 46,006 | $ | 38,022 | |||||||
| Operating loss | $ | (153 | ) | $ | (1,582 | ) | $ | (2,182 | ) | $ | (4,606 | ) | |||
| Total other income (expense) | $ | (1 | ) | $ | - | $ | (1 | ) | $ | - | |||||
| Net loss | $ | (154 | ) | $ | (1,583 | ) | $ | (2,183 | ) | $ | (4,618 | ) | |||
| Adjusted EBITDA* | $ | 2,787 | $ | (670 | ) | $ | 4,452 | $ | (1,389 | ) | |||||
| Net loss per share basic and diluted | ( | ) | ( | ) | ( | ) | ( | ) | |||||||
Fiscal 2026 Guidance
PodcastOne’s guidance for its Fiscal 2026 is for revenues to increase to at least a record of
| Q3 Fiscal 2026 Earnings Conference Call and Webcast: | |
| Date: | Thursday, February 12th, 2026 |
| Time: | 11:30 a.m. Eastern Time (8:30 a.m. Pacific Time) |
| Webcast Link: | https://events.q4inc.com/attendee/699435150 |
| Dial-in: | +1 (800) 715-9871 |
| International Dial-in: | +1 (646) 307-1963 |
| Conference Code: | 6453941 |
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 announced 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; 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; LiveOne’s ability to satisfy the conditions for closing on its announced additional convertible debentures financing; LiveOne’s ability to implement its announced digital assets treasury strategy and/or purchase digital assets from time to time pursuant to such strategy, including for up to the maximum announced amount, and other risks related to such strategy; 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, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 2, 2025, PodcastOne’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2025, filed with the SEC on November 14, 2025, 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 full fiscal year 2026 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 nine months ended December 31, 2025 and 2024.
| PodcastOne, Inc. Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share amounts) | ||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||
| December 31, | December 31, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Revenue: | $ | 15,856 | $ | 12,710 | $ | 46,006 | $ | 38,022 | ||||
| Operating expenses: | ||||||||||||
| Cost of sales | 13,244 | 11,983 | 40,341 | 34,834 | ||||||||
| Sales and marketing | 849 | 894 | 2,407 | 2,618 | ||||||||
| Product development | 9 | 9 | 32 | 40 | ||||||||
| General and administrative | 1,746 | 1,281 | 4,997 | 4,130 | ||||||||
| Amortization of intangible assets | 161 | 125 | 411 | 830 | ||||||||
| Impairment of intangible assets | - | - | - | 176 | ||||||||
| Total operating expenses | 16,009 | 14,292 | 48,188 | 42,628 | ||||||||
| Loss from operations | (153) | (1,582) | (2,182) | (4,606) | ||||||||
| Other income (expense): | ||||||||||||
| Total other expense, net | (1) | - | (1) | - | ||||||||
| Loss before provision (benefit) for income taxes | (154) | (1,582) | (2,183) | (4,606) | ||||||||
| Provision for income taxes | - | 1 | - | 12 | ||||||||
| Net loss | $ | (154) | $ | (1,583) | $ | (2,183) | $ | (4,618) | ||||
| Net loss per share – basic and diluted | $ | (0.01) | $ | (0.06) | $ | (0.08) | $ | (0.19) | ||||
| Weighted average common shares – basic and diluted | 26,899,509 | 24,535,258 | 26,495,477 | 24,133,630 | ||||||||
| PodcastOne, Inc. Consolidated Balance Sheets (Unaudited) (In thousands) | |||||||||
| December 31, | March 31, | ||||||||
| 2025 | 2025 | ||||||||
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and cash equivalents | $ | 3,416 | $ | 1,079 | |||||
| Accounts receivable, net | 7,980 | 6,246 | |||||||
| Prepaid expense and other current assets | 254 | 230 | |||||||
| Total Current Assets | 11,650 | 7,555 | |||||||
| Property and equipment, net | 236 | 59 | |||||||
| Goodwill | 12,041 | 12,041 | |||||||
| Intangible assets, net | 775 | 1,186 | |||||||
| Total Assets | $ | 24,702 | $ | 20,841 | |||||
| Liabilities and Stockholders’ Equity | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | $ | 7,150 | $ | 5,539 | |||||
| Lease liabilities | 95 | $ | - | ||||||
| Related party payable | 1,602 | 514 | |||||||
| Total Current Liabilities | 8,847 | 6,053 | |||||||
| Lease liabilities | 97 | - | |||||||
| Total Liabilities | 8,944 | 6,053 | |||||||
| Commitments and Contingencies | |||||||||
| Stockholders’ Equity | |||||||||
| Common stock, | - | - | |||||||
| Additional paid in capital | 54,010 | 51,211 | |||||||
| Accumulated deficit | (38,252 | ) | (36,069 | ) | |||||
| Total stockholders’ equity | 15,758 | 15,142 | |||||||
| Total Liabilities and Stockholders’ Equity | $ | 24,702 | $ | 21,195 | |||||
| PodcastOne, Inc. Reconciliation of Non-GAAP Measure to GAAP Measure Adjusted EBITDA* Reconciliation (Unaudited) (In thousands) | ||||||||||||||||||||||||||
| Non- | ||||||||||||||||||||||||||
| Recurring | ||||||||||||||||||||||||||
| Net | Depreciation | Acquisition and | Other | (Benefit) | ||||||||||||||||||||||
| Income | and | Stock-Based | Realignment | (Income) | Provision | Adjusted | ||||||||||||||||||||
| (Loss) | Amortization | Compensation | Costs (1) | Expense (2) | for Taxes | EBITDA* | ||||||||||||||||||||
| Three Months Ended December 31, 2025 | ||||||||||||||||||||||||||
| Total | $ | (154 | ) | $ | 167 | $ | 2,708 | $ | 65 | $ | 1 | $ | - | $ | 2,787 | |||||||||||
| Three Months Ended December 31, 2024 | ||||||||||||||||||||||||||
| Total | $ | (1,583 | ) | $ | 188 | $ | 718 | $ | 6 | $ | - | $ | 1 | $ | (670 | ) | ||||||||||
| Nine Months Ended December 31, 2025 | ||||||||||||||||||||||||||
| Total | $ | (2,183 | ) | $ | 449 | $ | 6,103 | $ | 82 | $ | 1 | $ | - | $ | 4,452 | |||||||||||
| Nine Months Ended December 31, 2024 | ||||||||||||||||||||||||||
| Total | $ | (4,618 | ) | $ | 1,201 | $ | 1,972 | $ | 44 | $ | - | $ | 12 | $ | (1,389 | ) | ||||||||||
| (1) | 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. |
| (2) | 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 Adjusted EBITDA* Reconciliation (Unaudited) (In thousands) | ||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||
| December 31, | December 31, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Revenue: | $ | 15,856 | $ | 12,710 | $ | 46,006 | $ | 38,022 | ||||||||
| Less: | ||||||||||||||||
| Cost of sales | (13,244 | ) | (11,983 | ) | (40,341 | ) | (34,834 | ) | ||||||||
| Amortization of developed technology | - | (57 | ) | (31 | ) | (178 | ) | |||||||||
| Gross Profit | 2,612 | 670 | 5,634 | 3,010 | ||||||||||||
| Add backs: | ||||||||||||||||
| Share-based compensation | 1,428 | 24 | 3,432 | 69 | ||||||||||||
| Depreciation | 3 | 37 | 29 | 113 | ||||||||||||
| Amortization of developed technology | - | 57 | 31 | 178 | ||||||||||||
| Contribution Margin* | $ | 4,043 | $ | 788 | $ | 9,126 | $ | 3,370 | ||||||||
| * | See the definition of Contribution Margin under “About Non-GAAP Financial Measures” within this release. |
FAQ
What were PodcastOne (PODC) Q3 Fiscal 2026 results announced on February 12, 2026?
How did PodcastOne (PODC) perform year-to-date through December 31, 2025?
What guidance did PodcastOne (PODC) provide for Fiscal 2026 and preliminary Fiscal 2027?
What operational achievements did PodcastOne (PODC) report in the February 12, 2026 release?
Is PodcastOne (PODC) profitable on a GAAP basis in Q3 Fiscal 2026?
