PodcastOne (NASDAQ:PODC) Announces Quarterly Earnings Results

PodcastOne (NASDAQ:PODC) announced its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share for the quarter, Zacks reports. PodcastOne had a negative net margin of 4.29% and a negative return on equity of 16.98%.

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

• Record first-quarter revenue reached $16.1 million, while adjusted EBITDA rose to $1.6 million from $580,000 year over year, driven by revenue growth and improved contribution margins.
• The operating loss widened to $1.6 million from $1.1 million, and net loss increased to $1.6 million, or $0.05 per share, primarily due to higher stock-based compensation in general and administrative expenses.
• PodcastOne advanced to No. 6 among U.S. podcast publishers and expanded its content portfolio through acquisitions, creator renewals, original programming, and partnerships including A&E’s “The First 48.”
• Management highlighted growing monetization opportunities from video, short-form social content, and distribution through YouTube, Netflix, Amazon, Spotify, and SiriusXM, with video and integrated campaigns supporting higher advertising CPMs.
• The company ended the quarter with $7 million in cash and no debt, while management said it is evaluating additional acquisitions and expects typical seasonal softness during summer followed by its strongest business period in calendar-year fourth quarter.

PodcastOne Price Performance

Shares of PodcastOne stock traded down $0.24 during trading hours on Wednesday, reaching $3.08. The company had a trading volume of 60,239 shares, compared to its average volume of 123,427. PodcastOne has a one year low of $1.30 and a one year high of $5.20. The business has a fifty day simple moving average of $3.98 and a 200 day simple moving average of $3.27. The firm has a market cap of $93.01 million, a PE ratio of -28.00 and a beta of 2.15.

Insider Activity

In related news, Director D Jonathan Merriman acquired 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $4.38 per share, for a total transaction of $30,660.00. Following the purchase, the director owned 309,732 shares in the company, valued at $1,356,626.16. This trade represents a 2.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On PodcastOne

A number of institutional investors and hedge funds have recently modified their holdings of PODC. NewEdge Advisors LLC bought a new position in shares of PodcastOne in the fourth quarter valued at approximately $81,000. Citadel Advisors LLC increased its holdings in PodcastOne by 267.5% during the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company’s stock worth $70,000 after acquiring an additional 30,541 shares during the period. Finally, Creative Planning purchased a new stake in PodcastOne in the 2nd quarter worth approximately $49,000. 2.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PODC has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of PodcastOne in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of PodcastOne from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

PodcastOne Company Profile

PodcastOne is a leading digital audio network specializing in the development, production and distribution of original podcast programming. The company offers a diverse slate of exclusive shows spanning genres such as entertainment, sports, business, politics and lifestyle. Its content lineup features long-form interviews, narrative series and personality-driven talk formats designed to engage listeners across North America and beyond.

The company’s revenue model centers on advertising and branded content solutions.