PodcastOne (NASDAQ:PODC) Announces Earnings Results, Beats Estimates By $0.01 EPS

PodcastOne (NASDAQ:PODC) issued its quarterly earnings results on Thursday. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01, Zacks reports. PodcastOne had a negative net margin of 5.01% and a negative return on equity of 17.56%. The firm had revenue of $15.41 million for the quarter, compared to analysts’ expectations of $17.28 million.

Here are the key takeaways from PodcastOne’s conference call:

• Profitability improved year over year: Q2 revenue was $15.4 million, while operating and net losses each narrowed to $0.5 million from $1 million a year earlier. Adjusted EBITDA increased to $1.4 million from $1.1 million.
• PodcastOne expanded its content lineup and partnerships with new and acquired shows, including an exclusive multi-year deal for “Dropping Names…and Other Things.” The company also cited strong engagement for A&E shows and said it ranked No. 8 among U.S. podcast publishers on Podtrac’s September list.
• Management emphasized investments in audience growth and monetization, including a redesigned website, cross-platform distribution, advertising technology, analytics, and AI tools. It sees opportunities in video and new discovery channels, but did not quantify the expected financial impact.

PodcastOne Price Performance

NASDAQ PODC traded up $0.10 on Friday, hitting $2.28. 36,678 shares of the company were exchanged, compared to its average volume of 133,623. PodcastOne has a twelve month low of $1.41 and a twelve month high of $5.20. The firm has a market capitalization of $68.97 million, a P/E ratio of -18.67 and a beta of 2.14. The company’s 50 day moving average price is $2.16 and its 200-day moving average price is $2.96.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PODC shares. Wall Street Zen lowered shares of PodcastOne from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings downgraded shares of PodcastOne from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. Finally, Zacks Research upgraded shares of PodcastOne from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Insider Activity at PodcastOne

In other news, Director D Merriman bought 15,700 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was bought at an average cost of $2.75 per share, for a total transaction of $43,175.00. Following the completion of the acquisition, the director directly owned 353,732 shares in the company, valued at $972,763. This represents a 4.64% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 64,100 shares of company stock valued at $157,893 in the last ninety days. Company insiders own 7.80% of the company’s stock.

PodcastOne Company Profile

PodcastOne, Inc. operates a podcast network and digital audio platform that produces, distributes, hosts and monetizes podcasts. Its services include podcast advertising, sponsorship sales, audience development, content production and technology support for podcast creators and publishers. The company’s programming spans news, comedy, entertainment, sports, business, lifestyle and true crime. PodcastOne distributes its shows through its own platform and major third-party audio services, while also providing advertisers with opportunities to reach podcast audiences through host-read advertisements, sponsorships and other integrated campaigns.