PODCASTONE, INC.
| Revenue | $61.7M |
|---|---|
| Operating income | $-2.6M |
| Net income | $-2.6M |
| Free cash flow | $2.4M |
| Operating margin | -4.3% |
| Net margin | -4.3% |
| Return on equity | -15.5% |
| Period | 2026 |
OpenFilings analyst
Our analyst
Agentic read of the latest earnings call — recommendation updates when we process a new transcript. Research synthesis, not investment advice.
Hold off rather than buy aggressively:
PodcastOne delivered $16.1 million of revenue, up 8%, and adjusted EBITDA of $1.6 million versus $0.6 million, but it remains unprofitable with a $1.6 million net loss and operating loss. The balance sheet has improved to $7.0 million of cash and zero debt, yet the sharp rise in related-party receivables to $10.9 million, heavier stock compensation and a lack of formal guidance temper the bullish narrative.
- Revenue Growth
- Adjusted Ebitda
- Video Podcasting
- Netflix Distribution
- Programmatic Advertising
- Creator M And A
Near term
Seasonality is a near-term headwind: management said summer is typically slower, while calendar Q4 is usually the strongest revenue quarter.
Video distribution, including YouTube, Netflix and social short-form clips, could support discovery and higher advertising CPMs, but management provided no quantified revenue contribution.
The #6 Podtrac ranking and larger brand advertisers may help sales conversion, while the Amazon ART19 programmatic relationship could increase monetized impressions.
Longer term
The core opportunity is expanding from audio into video, social, television and broader entertainment franchises; the strategy could increase content monetization if creator brands travel successfully across platforms.
Acquisitions and creator partnerships are expanding the content portfolio, but the call did not establish acquisition returns, purchase economics or a disciplined capital-allocation framework.
AI tools may improve proposal conversion, discoverability, attribution and operating efficiency, but management offered no measurable savings, margin targets or evidence of a durable technology moat.
Competitive differentiation remains unproven: management emphasized audience, creators and distribution, but analyst questioning did not establish whether PodcastOne can defend talent and advertiser relationships against larger platforms.
Red flags
Operating loss widened to $1.6 million from $1.1 million despite revenue growth, primarily because G&A and stock-based compensation increased; adjusted EBITDA improvement therefore overstates GAAP earnings progress.
Related-party receivables more than doubled to $10.9 million from $5.3 million in one quarter, but management did not explain the counterparty, collectability, terms or why the balance rose so sharply.
Management repeatedly cited premium CPMs, Netflix expansion, AI benefits and brand momentum without quantifying their impact on revenue, margins or cash flow.
No formal revenue, margin, EBITDA or EPS outlook was provided, leaving investors dependent on qualitative claims and seasonal expectations.
Cash increased to $7.0 million while the company still reported a net loss; the call did not explain the cash-flow bridge or whether equity issuance or other financing activity drove the improvement.
The Netflix relationship currently appears centered on discovery and advertising opportunities, with only one clearly identified show launched and additional distribution still under discussion.
OpenFilings analyst view from primary-source filings and earnings calls — not investment advice.
From latest 10-K · 2026-06-29
- Going Concern
- Liquidity Risk
- Financing Dilution
- Advertising Growth
- Liveone Control
- Art19 Guarantee
- Persistent Losses
Red flags
- Going-concern disclosure: $3.5 million of cash, $2.9 million of working capital, $38.7 million accumulated deficit, and $8.3 million of total liabilities at March 31, 2026; management expects cash to be insufficient beyond June 2026 without funding.
- The company reported a $2.6 million net loss in fiscal 2026 after a $6.5 million loss in fiscal 2025, despite 18% revenue growth.
- Any new equity, convertible debt, or other financing could dilute existing holders; management gives no assurance that LiveOne will provide funding or that external financing will be available on attractive terms.
- LiveOne owned approximately 71% of PodcastOne’s outstanding shares, limiting minority-holder influence and increasing related-party and governance risk.
- Accounts receivable increased to $7.586 million gross from $6.318 million, while the allowance for credit losses rose to $255,000 from $72,000.
Upcoming earnings
Earnings transcripts
Press & signals
- GlobeNewswire
PodcastOne (Nasdaq: PODC) Acquires Exclusive Sales and Distribution Rights to Dropping Names…and Other Things with Brent & Jonny in Multi-Year Deal
- GlobeNewswire
PodcastOne (Nasdaq: PODC) Reports Record First Quarter 2027 Revenue of $16.1M; Adjusted EBITDA* of $1.6M (up 172% YoY)
- GlobeNewswire
PodcastOne (Nasdaq: PODC) Reports Record Fiscal 2026 Revenue of $61.7M and $6.3M Adjusted EBITDA*, Q4 Fiscal 2026 Revenue of $15.7M and $1.9M Adjusted EBITDA* up 109% YoY