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olivLaw · US equity research

PodcastOne, Inc. PODC

Services-Computer Programming, Data Processing, Etc. · SIC 7370 · Vertical: Services-Computer Programming, Data Processing, Etc. (SIC 7370)

1.77USD−17.67% · 1 dayClose 05 Nov 2026

PodcastOne is an advertising-supported podcast platform and publisher that distributes shows across all major podcasting platforms. The company, majority-owned by LiveOne, reported revenue growth to 61.7 mn USD in fiscal 2026, and the audio advertising context makes it relevant in digital media.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 05 Nov 2026, PodcastOne, Inc. (PODC) stock was 1.77 USD (−17.67% on the day), with market capitalisation 53.5 m USD, beta 1.10, 52-week range 1.64–4.98 USD. Latest reported quarter (Q1 2027): revenue of 16.1 m USD (+7.5% YoY), net income of -1.6 m USD, diluted EPS -0.05 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
53.5 m USD
shares as of 12 Aug 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.10 · TTM to 31 Mar 2026
E/P (TTM)
-5.65%
TTM to 31 Mar 2026
Dividend yield
unavailable
Beta (2y)
1.10
Volatility (1y) 92%
52-week range
1.644.98

Price history

Loading chart…

Technical reading

RSI (14)
41.9
weak (30–45)
Bollinger (20, 2)
1.42 – 2.53
in the lower half of the band · %B 0.32 · band width 56.4%
SMA 50 / 200
2.22 / 2.98
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.04 / -0.07
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−20.3%−5.9%−14.3 pp—
3 months−46.5%−4.6%−41.9 pp—
6 months−49.9%+0.2%−50.1 pp—
Year to date−28.3%+7.4%−35.8 pp—
1 year−20.3%+8.2%−28.5 pp−21.7%
3 years−30.6%+68.4%−99.0 pp−22.2%
5 yearsunavailable+56.5%unavailable—
Max drawdown (1y)
−67.1%
27 May 2026 → 22 Oct 2026
Max drawdown (5y)
−74.5%
08 Sept 2023 → 24 Oct 2024
Compound annual growth (5y)
unavailable
S&P 500 +9.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q1 2027 · 30 Jun 2026

Revenue
16.1 m USD
+7.5% YoY
Net income
-1.6 m USD
unavailable YoY
Diluted EPS
-0.05
unavailable YoY
net / operating
-9.7% / -9.6%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Revenue12.2 m12.7 m14.1 m15.0 m15.2 m15.9 m15.7 m16.1 m
Cost of revenue11.1 m12.0 m12.6 m13.6 m13.5 m13.2 m13.8 m14.2 m
Research & development13.0 k9.0 k12.0 k12.0 k11.0 k9.0 k14.0 k12.0 k
Operating income-1.7 m-1.6 m-1.8 m-1.1 m-975.0 k-153.0 k-460.0 k-1.6 m
Depreciation & amortisation394.0 k ≈188.0 k ≈313.0 k241.0 k131.0 k ≈77.0 k ≈167.0 k164.0 k
Interest expense000—————
Pre-tax income-1.7 m-1.6 m-1.8 m-1.1 m-975.0 k-154.0 k-461.0 k-1.6 m
Income tax11.0 k1.0 k12.0 k00000
Net income-1.7 m-1.6 m-1.8 m-1.1 m-975.0 k-154.0 k-461.0 k-1.6 m
Diluted EPS-0.07-0.06—-0.04-0.04-0.01—-0.05
Operating cash flow525.0 k ≈-763.0 k ≈506.0 k903.0 k877.0 k ≈579.0 k ≈93.0 k-447.0 k
Capex61.0 k ≈20.0 k ≈-1.0 k112.0 k0 ≈-90.0 k ≈00

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year2023202420252026
Revenue34.6 m43.3 m52.1 m61.7 m
Revenue YoYunavailable+25.0%+20.4%+18.3%
Net income-7.0 m-14.7 m-6.5 m-2.6 m
Net income YoYunavailableunavailableunavailableunavailable
Diluted EPS-0.06-0.68-0.26-0.10
Diluted EPS YoYunavailableunavailableunavailableunavailable
net %-20.1%-34.0%-12.4%-4.3%
Free cash flow-4.9 m1.9 m-366.0 k2.4 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2026 · 31 Mar 2026

Cash
3.5 m USD
Financial debt
unavailable USD
Net debt
unavailable USD
Equity
17.1 m USD
Total assets
29.2 m USD
Debt / equity
unavailable
Current ratio
0.92x
ROE
-16.4%
ROA
-10.5%
FCF margin
3.9%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2024
43.3 m
2025
52.1 m
2026
61.7 m

SEC (XBRL)· 29 Jun 2026verified

Cost of revenue
2024
37.3 m
2025
47.4 m
2026
54.1 m

SEC (XBRL)· 29 Jun 2026verified

Gross profit
2024
6.0 m ≈
2025
4.7 m ≈
2026
7.6 m ≈

SEC (XBRL)· 29 Jun 2026derived

Research & development
2024
85.0 k
2025
52.0 k
2026
46.0 k

SEC (XBRL)· 29 Jun 2026verified

Operating income
2024
-5.0 m
2025
-6.4 m
2026
-2.6 m

SEC (XBRL)· 29 Jun 2026verified

Depreciation & amortisation
2024
1.1 m
2025
1.3 m
2026
616.0 k

SEC (XBRL)· 29 Jun 2026verified

EBITDA
2024
-3.9 m ≈
2025
-5.1 m ≈
2026
-2.0 m ≈

SEC (XBRL)· 29 Jun 2026derived

Interest expense
2024
2.2 m
2025
0
2026
—

SEC (XBRL)· 02 Jul 2025verified

Pre-tax income
2024
-14.7 m
2025
-6.4 m
2026
-2.6 m

SEC (XBRL)· 29 Jun 2026verified

Income tax
2024
55.0 k
2025
24.0 k
2026
0

SEC (XBRL)· 29 Jun 2026verified

Net income
2024
-14.7 m
2025
-6.5 m
2026
-2.6 m

SEC (XBRL)· 29 Jun 2026verified

Diluted EPS
2024
-0.68
2025
-0.26
2026
-0.10

SEC (XBRL)· 29 Jun 2026verified

Balance sheet · USD

Cash
2024
1.4 m
2025
1.1 m
2026
3.5 m

SEC (XBRL)· 29 Jun 2026verified

Receivables
2024
6.0 m
2025
6.2 m
2026
7.3 m

SEC (XBRL)· 29 Jun 2026verified

Current assets
2024
8.6 m
2025
7.6 m
2026
11.1 m

SEC (XBRL)· 29 Jun 2026verified

Property, plant & equipment, net
2024
309.0 k
2025
59.0 k
2026
204.0 k

SEC (XBRL)· 29 Jun 2026verified

Goodwill
2024
12.0 m
2025
12.0 m
2026
12.0 m

SEC (XBRL)· 29 Jun 2026verified

Intangibles (excl. goodwill)
2024
3.1 m
2025
1.2 m
2026
613.0 k

SEC (XBRL)· 29 Jun 2026verified

Total assets
2024
24.1 m
2025
21.2 m
2026
29.2 m

SEC (XBRL)· 29 Jun 2026verified

Accounts payable
2024
—
2025
—
2026
—

SEC (XBRL)· 15 Aug 2023verified

Current liabilities
2024
7.7 m
2025
6.1 m
2026
12.0 m

SEC (XBRL)· 29 Jun 2026verified

Total liabilities
2024
7.8 m
2025
6.1 m
2026
12.1 m

SEC (XBRL)· 29 Jun 2026verified

Equity
2024
16.3 m †
2025
15.1 m †
2026
17.1 m †

SEC (XBRL)· 29 Jun 2026verified

Cash flow · USD

Operating cash flow
2024
2.2 m
2025
-212.0 k
2026
2.5 m

SEC (XBRL)· 29 Jun 2026verified

Capex
2024
318.0 k
2025
154.0 k
2026
22.0 k

SEC (XBRL)· 29 Jun 2026verified

Free cash flow
2024
1.9 m ≈
2025
-366.0 k ≈
2026
2.4 m ≈

SEC (XBRL)· 29 Jun 2026derived

Investing cash flow
2024
-1.3 m
2025
-154.0 k
2026
-22.0 k

SEC (XBRL)· 29 Jun 2026verified

Financing cash flow
2024
-3.0 m
2025
0
2026
—

SEC (XBRL)· 02 Jul 2025verified

Computed indicators

Growth

Revenue growth (YoY)
18.3%
computed by olivLawFY 2026
Revenue CAGR 3Y
21.2%
computed by olivLawFY 2023 → FY 2026
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
12.8%
computed by olivLawTTM to 30 Jun 2026
EBITDA margin
-4.1%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
-5.0%
computed by olivLawTTM to 30 Jun 2026
Net margin
-5.0%
computed by olivLawTTM to 30 Jun 2026
FCF margin
1.6%
computed by olivLawTTM to 30 Jun 2026

Returns

ROE
-16.2%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
-10.4%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
-13.0%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
unavailable
the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used

Liquidity

Current ratio
1.0x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.5x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
1.1 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
90.0 k USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
1.0 m USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
insufficient data

Efficiency

Days sales outstanding
42 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days payables outstanding
unavailable
input data missing

Market and valuation

Market capitalisation
53.5 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-5.9%
computed by olivLawTTM to 30 Jun 2026
P/B
2.2x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
0.9x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
52.9x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
FCF yield
1.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

4 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

1.77 USD

05 Nov 2026Source: olivLaw, closing series

Market cap: 53.5 m USD

Key indicators

Market capitalisation
53.5 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
2.2x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
-16.2%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
-5.0%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
18.3%
computed by olivLawFY 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

28/37 reporting lines present
Latest full fiscal year: 2026
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 12 Aug 2026
Source: SEC (XBRL)published 14 Aug 2026
verified 498derived 50

Score by group

72% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
  • Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)

no valuation method could be computed

Multiple comparisons use the SIC vertical: Services-Computer Programming, Data Processing, Etc. (SIC 7370)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
Gross margin · Quality12.8%0 (on a fixed band)15%
EBIT margin · Quality-5.0%56 (vs peers)12%
FCF margin · Quality1.6%6 (on a fixed band)12%
Revenue CAGR 3Y · Growth21.2%85 (on a fixed band)24%
Revenue growth (YoY) · Growth18.3%68 (vs peers)12%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Current ratio · Balance sheet1.0x15 (on a fixed band)9%
EV/Sales · Valuationunavailableunavailable—
FCF yield · Valuation1.9%38 (on a fixed band)18%
Shareholder yield (distributions) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial15/100 · 1/2 factors with a value
  • Growth79/100 · 2/2 factors with a value
  • Quality19/100 · 3/3 factors with a value
  • Returns· partialunavailable · 0/1 factors with a value
  • Valuation· partial38/100 · 1/2 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

PodcastOne, Inc. (PODC). Latest full fiscal year: 2026; data up to 2026-06-30.

Figures computed from the financial statements: revenue 61.7 m USD in 2026; YoY growth 18.3%; net margin -5.0%; ROE -16.2%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Revenue CAGR 3Y: 21.2%

What contradicts it

  • Gross margin: 12.8%
  • FCF margin: 1.6%
  • Current ratio: 1.0x

Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).

Versus the vertical median

Services-Computer Programming, Data Processing, Etc. (SIC 7370) · same industry (4-digit SIC) · compared with 39 companies

Multiples and returns vs the median

P/E
—
vertical median 24.0x
EV/EBITDA
—
vertical median 19.6x
P/S
0.9x
vertical median 2.7x
below median (−68.1%)
P/B
2.2x
vertical median 1.7x
above median (+31.4%)
ROE
-16.2%
vertical median -4.1%
below median
Net margin
-5.0%
vertical median -8.3%
above median
EBIT margin
-5.0%
vertical median -5.9%
above median
Revenue YoY
18.3%
vertical median 9.0%
above median (+102.6%)
Net debt/EBITDA
—
vertical median 0.7x
Dividend yield
—
vertical median 0.3%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
GOOGLAlphabet Inc.3,473.9 bn14.844.3%50.0%+15.1%−12% / +113%
APPAppLovin Corporation118.0 bn24.0210.1%65.9%+70.0%−41% / +850%
NBISNebius Group N.V.30.5 bn364.82.1%15.6%+479.0%+27% / unavailable
FLUTFlutter Entertainment plc14.4 bn—-14.3%-7.1%+16.6%−60% / −47%
FDSFactset Research Systems Inc12.0 bn23.425.5%21.5%+6.7%+23% / −25%
SOGPSound Group Inc.8.0 bn321.370.4%7.1%+59.4%−27% / +235%
SIFYSify Technologies Ltd5.5 bn—-4.1%-2.0%+9.0%+13% / +44%
WIXWix.com Ltd.4.2 bn87.1—2.5%+13.2%−20% / −24%
MGNIMagnite, Inc.4.0 bn24.120.4%23.6%+6.9%+87% / +241%
GRNDGrindr Inc.2.4 bn26.8108.7%18.7%+27.6%+6% / +103%
WBWeibo Corporation1.6 bn3.812.1%25.6%+0.1%−35% / −36%
BMBLBumble Inc.716.4 m—-85.9%-61.8%−9.9%+68% / −57%
CEVACeva, Inc.691.5 m—-3.6%-9.5%+2.5%+14% / +13%
NEXNNexxen International Ltd.504.9 m21.95.0%6.9%−0.2%+39% / +146%
RZLVRezolve AI plc410.3 m—-98.7%-216.7%+2,224.2%−60% / −89%
ZIPZiprecruiter, Inc.265.5 m10.6—6.2%−5.3%−22% / −72%
MFMindForge Inc.190.2 m—-167.2%-222.9%−49.9%−82% / unavailable
SANGSangoma Technologies Corp149.0 m—-1.9%-2.1%−4.3%−14% / +54%
HCATHealth Catalyst, Inc.114.2 m—-84.6%-74.2%+1.5%−50% / −79%
JFJ & Friends Holdings Ltd66.2 m——-82.9%−66.8%−6% / −20%
PODCPodcastOne, Inc.53.5 m—-16.2%-5.0%+18.3%−20% / −31%
GMMGlobal Mofy Ai Limited24.1 m—-35.8%-34.5%+35.3%−99% / −100%
IPDNProfessional Diversity Network, Inc.19.8 m—-95.7%-143.9%−2.7%−29% / −93%
TEADTeads Holding Co.17.1 m—-196.2%-43.3%+46.1%−75% / −95%
GIGMGIGAMEDIA Ltd15.5 m—-4.0%-44.7%+17.0%−7% / −1%

1- and 3-year price returns: for PODC from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 14 Aug 2026; since then the company filed 8-K (05 Nov 2026 · results).

    In brief

    PodcastOne is an advertising-supported podcast platform and publisher that distributes shows across all major podcasting platforms. The company, majority-owned by LiveOne, reported revenue growth to 61.7 mn USD in fiscal 2026, and the audio advertising context makes it relevant in digital media 13.

    SWOT

    Strengths

    • The company has an integrated service model and a large network of exclusive shows, which lets it offer complete packages to advertisers and talent 1.
    • Quarterly revenue reached a record in the first quarter of fiscal 2027, and adjusted EBITDA improved significantly from the prior year 3.

    Weaknesses

    • The company is not profitable, and its historical losses and accumulated deficit show reliance on external financing 1.
    • The company is a majority-owned subsidiary of LiveOne, and that parent's debts and policies may influence PodcastOne's decisions and resources 12.
    • There is a going-concern uncertainty, and the working capital deficit limits financial flexibility 1.

    Opportunities

    • Growth in podcast advertising and the shift of budgets from traditional media could support revenue growth if the company keeps its momentum 1.
    • Acquiring new creators and podcasts, along with content beyond the audio feed, could open additional revenue sources 3.
    • The ART19 partnership and new ad products could increase monetization of the show library 1.

    Threats

    • Competition for listening time and ad budgets could pressure margins or ad volume 1.
    • Changes in impression measurement standards could reduce revenue if not implemented effectively 1.
    • If LiveOne fails to meet its debt obligations, lenders could demand repayments that affect PodcastOne 1.

    Risks

    • Historical losses and need for capitalhigh

      The company has recorded operating and net losses every year since inception, and additional financing could be unavailable or costly 1.

    • Going-concern doubthigh

      Management has flagged uncertainty about the company's ability to continue as a going concern, which could expose investors to losing their investment 1.

    • Dependence on LiveOnehigh

      LiveOne holds a majority of the shares and voting power, and conflicts of interest or its debts could affect PodcastOne 12.

    • Reliance on advertising demandmedium

      Revenue depends on advertising demand, and economic downturns could reduce advertiser budgets 1.

    • Nasdaq listing riskmedium

      Failure to meet Nasdaq continued listing requirements could lead to delisting and penny stock trading of the shares 1.

    Investment thesis

    What would need to be true (bull case)

    • Revenue grew in fiscal 2026 and reached a record in the first quarter of fiscal 2027, showing real commercial momentum 13.
    • The Podtrac ranking and the large show network could support attracting advertisers and creators if the trend holds 3.
    • If adjusted EBITDA keeps growing, the company could narrow its net losses over time, though this is not assured 3.

    What would break the thesis

    • The company is not profitable, carries a significant accumulated deficit and negative working capital, which could limit investment 1.
    • Dependence on LiveOne and its debts could restrict decision-making freedom and access to financing 12.
    • Competition for listener attention and changes in advertising measurement could pressure revenue and margins 1.

    What to watch

    • Revenue and adjusted EBITDA trends versus the prior quarterQ2 2027
    • Podtrac ranking position and announcements of new creators or acquisitions2027
    • LiveOne's debt situation and any effects on PodcastOnenext 10-K
    • Trend in working capital and any need for additional financingnext 10-K

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 14 Aug 2026; since then the company filed 8-K (05 Nov 2026 · results).

    The business

    PodcastOne produces video podcasts, branded podcasts, merchandise and live events for its talent and clients, with an integrated service model covering sales, production, marketing and distribution 1. Revenue comes mainly from embedded host-read ads, dynamic ads, segment sponsorships and programmatic channels, and contracts with talent provide for splitting advertising revenue 1. The company also runs LaunchpadOne, a free hosting and monetization platform for independent podcasters that also serves as a talent pool 1.

    In fiscal 2026, revenue rose to 61.7 mn USD, up 18% from the prior year, and podcast downloads grew 12% 1. The company remains loss-making: its net loss was 2.6 mn USD, and at March 31, 2026 it had an accumulated deficit of 38.7 mn USD 1. In the first quarter of fiscal 2027, ended June 30, 2026, revenue reached a record 16.1 mn USD, up 8%, and adjusted EBITDA reached 1.6 mn USD 3.

    The company describes its growth strategy as launching new shows with culturally relevant creators, acquiring existing podcasts that can grow on its network, and investing in new advertising products such as sponsored playlists and a self-serve audio ad platform 1. In April 2025 it signed a three-year agreement with ART19, an Amazon subsidiary, to move its network programming to the ART19 hosting platform 1.

    Segments

    Production and creator services

    The company produces vodcasts, branded podcasts, merchandise and live events for talent and clients, offering creator management, audience development and production services 13. This service ties shows to brands and supports the recruitment of new creators to the network 1.

    Market context

    The company expects podcasting in the United States to remain a high-growth segment over the next five years, and it estimates that 230 million Americans have listened to a podcast at some point 1. Agencies and advertisers are shifting marketing budgets from traditional media toward podcasts, according to a survey the company cites 1. According to the Podtrac ranking, PodcastOne reached sixth place among U.S. podcast publishers, suggesting a rising position in this market 23.

    The digital advertising market is moving toward viewability-based measurement and automated buying, which may change how impressions are priced 1. If digital ad spending stays flat while advertisers shift to higher-CPM inventory, impression volumes could decline 1.

    Trends

    • Migration of ad budgets to audiotailwind

      Companies are moving marketing spend from traditional media into podcasts, which supports demand for integrated audio advertising 1. This trend could continue if advertisers see measurable results.

    • Growing podcast consumptiontailwind

      Listenership and heavy podcast use are rising, and the 12% growth in downloads in fiscal 2026 points to audience expansion 1.

    • Changes in ad measurement and pricingmixed

      The shift to viewable-impression standards and programmatic advertising could affect revenue if measurement tools are not adopted uniformly 1.

    • Reliance on mobile ad consumptionheadwind

      Most ad-supported listening hours occur on mobile devices, and monetizing that usage must keep pace with the shift 1. If it does, it could support revenue; if not, it could limit growth.

    Competitive position

    PodcastOne competes for ad-supported listening time, and the company acknowledges it faces and will continue to face this competition 1. As a publisher ranked on the Podtrac list, it is compared with other large podcast publishers, including those from traditional media networks 3.

    The company differentiates itself through its integrated service model, its talent relationships and a distribution network reaching over one billion monthly impressions 1. It claims to deliver more to clients and talent than any other publisher, though this advantage is not independently verified in the sources reviewed 1.

    • Disney

      Named in the results release as a publisher that PodcastOne surpassed in the Podtrac ranking for the quarter ended June 30, 2026 3.

    • iHeartMedia

      Not directly identified as a competitor in the sources reviewed, but the iHeartRadio platform is among PodcastOne's distribution channels 1.

    • Audio streaming platforms (Spotify, Apple Podcasts, Amazon Music)

      They are distribution channels but also compete for listener attention through their own audio content 1.

    • Traditional radio networks

      They compete for audiences and advertising, but operate on a linear programming model, unlike on-demand podcast consumption 1.

    News & filings

    In the press

    No news in our archive over the last 180 days.

    SEC filings

    • Current report05 Nov 2026
      Results of operations · Regulation FD disclosure · Financial statements and exhibits
    • Current report04 Nov 2026
      Material agreement · Creation of a direct financial obligation · Item 3.02 · Financial statements and exhibits
    • Current report02 Nov 2026
      Departure or appointment of officers
    • Current report30 Oct 2026
      Departure or appointment of officers
    • Current report23 Sept 2026
      Shareholder vote
    • Quarterly report14 Aug 2026
    • Current report12 Aug 2026
      Results of operations · Regulation FD disclosure · Financial statements and exhibits
    • Proxy statement28 Jul 2026
    • Annual report29 Jun 2026
    • Current report24 Jun 2026
      Results of operations · Regulation FD disclosure · Financial statements and exhibits

    Sources

    1. [1] Form 10-K, fiscal year ended 2026-03-31 · SEC / PodcastOne, Inc. · 29 Jun 2026
    2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / PodcastOne, Inc. · 14 Aug 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / PodcastOne, Inc. · 12 Aug 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.