PodcastOne, Inc. (PODC) Earnings Call Transcript
August 12, 2026
Earnings Call Speaker Segments
[Operator Instructions] Presenting on today's call is Kit Gray, President and Founder of PodcastOne, and Craig Christensen, Interim Chief Financial Officer. I would like to remind you that some of the statements made on today's call are forward-looking and based on current expectations, forecasts, and assumptions that involve various risks and uncertainties. These statements include, but are not limited to, statements regarding the future performance of the company, including expected future financial results, and expected future growth in the business. Actual results may differ materially from those discussed on this call for a variety of reasons. Please refer to the company's filings with the SEC for information about factors which could cause the company's actual results to differ materially from those forward-looking statements, including those described in its annual report on Form 10-K for the year ended March 31, 2026, and subsequent SEC filings. You'll find reconciliations of non-GAAP financial measures to the most comparable GAAP financial measures discussed today in the company's earnings release, which is posted on its Investor Relations website. The company encourages you to periodically visit the Investor Relations website for more important content. The following discussion, including responses to your questions, contains time-sensitive information and reflects management's views as of the date of this call, August 12, 2026. And except as required by law, the company does not undertake any obligation to update or revise this information after today's call. I'd like to highlight to all participants that this call is being recorded. The company will make it available to investors and media via webcast, and a replay will be available on its website in the Investor Relations section shortly following the conclusion of the call. Additionally, it is the property of the company and any redistribution, transmission, or rebroadcast of this call or the webcast in any form without the company's express written consent is strictly prohibited. I would now like to turn the call over to PodcastOne's President, Kit Gray.
Thank you, and welcome to our fiscal first quarter 2027 earnings call. We entered fiscal 2027 with strong momentum, building on the progress we made throughout the past year. During the first quarter, we continued expanding our content portfolio, strengthening strategic partnerships, and growing our audience through premium programming, original content development, and creator-led franchises. PodcastOne continues to distinguish itself as the leading pure-play podcasting platform in the public markets through a vertically integrated model that combines talent development, content creation, distribution, analytics, monetization, and operational efficiencies, all supported by our AI-powered infrastructure. Our toolkit continues to enhance performance across every aspect of the business. FlightPath drives predictive profitability. Booster scales advertising management and proposal recommendations. Adobe Audition ensures best-in-class audio quality. PodEngine supports discoverability through SEO and insights. Magellan AI powers advertising attribution, and Opus Pro converts long-form video into short-form content that fuels audience growth across platforms. Our team continues leveraging AI-based search capabilities to discover new talent, identify emerging trends, and connect timely topics with the content across our network. These tools directly support how we grow shows, monetize audiences, and operate more efficiently at scale. Throughout the quarter, we continued executing on our strategy of expanding our network through premium creator partnerships, strategic acquisitions, original content development, and long-term creator relationships. One of our most significant milestones this quarter was advancing to the #6 position in Podtrac's ranking of U.S. podcast publishers. Surpassing Disney and further reinforcing PodcastOne's position as one of the largest podcast networks, this achievement reflects the continued growth of our audience, the strength of our programming, and the dedication of our creators and team. We also continued strengthening our content portfolio through the acquisition of The Magnificent Others, hosted by Billy Corgan, lead singer of Grammy Award-winning rock band The Smashing Pumpkins, adding another highly respected voice to our network while expanding our reach across music, entertainment, and culture. We also acquired Life Happens with Barb and Michelle while officially launching our original series, It's Okay, We're All Going to Die with Nurse Julie, reflecting our continued investment in both established creator brands and original intellectual property. Further strengthening our creator roster, we renewed our partnership with Lindsie Chrisley's The Southern Tea, which recently surpassed 2.5 million downloads across more than 248 episodes. We also partnered with PAVE Studios on A&E's The First 48, expanding our relationship with premium media brands and creating additional opportunities to reach new audiences. Across our network, PodcastOne creators continued attracting influential voices from across entertainment and popular culture. Notable guests during the quarter include actor Josh Duhamel on The Adam Carolla Show, Dancing with the Stars pro Ezra Sosa on Off the Vine, and Mandy Moore on Yesterday's. Our influence also extends beyond podcasting, as House of Stassi premiered on Hulu, with Stassi Schroeder's podcast, Stassi, serving as one of the central storylines throughout the series. Stassi's continued presence across major platforms, including Netflix, highlights the growing ability of podcast talent and brands to extend into broader entertainment franchises and reach audiences across multiple platforms. As our network continues to grow, so do the opportunities to create value for creators, advertisers, and listeners alike. Our investment in technology, audience development, and advertising infrastructure continue to strengthen our ability to connect brands with highly engaged audiences while helping creators expand their reach across audio, video, and social platforms. As podcast advertising continues to mature and brands increasingly seek trusted creator relationships and measurable results, we believe PodcastOne remains well positioned to capitalize on these long-term industry trends through our diversified content portfolio, expanding creator network, and technology-enabled platform. Now I'd like to turn the call over to Craig to review our financial results.
Thank you, Kit. As a reminder, our fiscal year 2027 began on April 1. Revenue in our first quarter of fiscal 2027 was a record $16.1 million. The operating loss in the first quarter was $1.6 million compared to an operating loss of $1.1 million in the same year-ago quarter. This $500,000 increase was driven primarily by stock-based compensation within G&A. Net loss for the first quarter was $1.6 million, or negative $0.05 per basic and diluted share, compared to a net loss of $1.1 million, or negative $0.04 per share, in the same year-ago quarter. Adjusted EBITDA for the quarter was a positive $1.6 million compared to $580,000 in the same year-ago quarter, driven by revenue growth and contribution margin improvement. We ended the quarter with $7 million in cash and cash equivalents and no debt on the balance sheet. With that, I'll turn the call back over to you, Kit.
Thanks, Craig. We are pleased with the momentum we've carried into fiscal 2027 and remain very optimistic about the opportunities ahead for PodcastOne and the broader podcast industry. Podcasting continues to evolve rapidly, and we believe the opportunity extends well beyond traditional audio. Video is becoming an increasingly important part of podcast discovery and consumption, while major media and technology companies continue investing in creator-led content and premium intellectual property. As the medium expands, we see significant opportunities to extend the reach and value of the content we develop across additional platforms and formats. We are also seeing continued strategic activity across the broader media landscape, with major companies making significant investments in creator-led businesses, content, and intellectual property. These transactions reinforce the value being placed on premium content, engaged audiences, and the data and relationships that come with them. Under Steve Lehman's leadership, we continue to evaluate opportunities that can strengthen our platform, expand our creator offerings, and create long-term shareholder value. At PodcastOne, we believe the next phase of growth is about more than simply adding podcasts to our network. It's about identifying great creators and ideas, developing them into successful franchises, and finding opportunities to distribute that content across audio, video, television, and other platforms. We are particularly excited about our ability to develop original intellectual property that can travel beyond the podcast feed. Projects like Varnamtown demonstrate the potential for PodcastOne content to become broader entertainment franchises, and we believe there is significant opportunity ahead as we continue developing and investing in original programming. At the same time, AI continues to help us improve operational efficiencies, enhance audience discovery, identify emerging listener interests, and better understand the topics and formats that resonate with audiences. Combined with our growing content library and audience data, these capabilities give us an increasingly powerful foundation for developing and monetizing content. The podcast industry itself continues to demonstrate significant long-term potential, with consumption reaching record levels and audiences increasingly engaging with podcasts across audio, video, and social platforms. We believe PodcastOne is uniquely positioned at the intersection of creators, content, audiences, data, and distribution. As we look ahead, our focus is on continuing to build that platform, finding the next great creators and ideas, expanding the ways our content can reach audiences, and creating more value from the intellectual property we develop. I want to thank our team, our creators, our advocates, partners, and our shareholders for their continued support. With that, we'll now open the line for questions. Operator?
[Operator Instructions] Your first question comes from the line of Barry Sine with Litchfield Hills Research. Your line is open. Please go ahead.
Wanted to touch on the topic of video on podcasts, adding a video instead of just audio. I know that's a pretty significant trend. Kit, maybe you could tell us where you stand on that, how much of your content is now also produced in video format? You know, if you could tick off some of the major talents that are available in video, and what has been the reception of that through some of your distribution partners?
Hey Barry, good afternoon, good morning. Thank you everyone for the questions today and the time. I appreciate it. Yes, video is a huge part of what we're doing. Not only at PodcastOne, but in the medium, it's widely accepted. It's huge for discovery, leading with YouTube. Their YouTube AdSense revenue generation model has helped us out quite a bit for some of our shows specifically. I know Adam Carolla has a big audience on his YouTube channel. The Some More News guys do as well, and others in our network have really significant audio views, even video views, beyond just YouTube now. I mean, Stassi, whose television show just relaunched on Hulu just this last month, where she references her podcast quite often, is also featured on Netflix now too. So all these video distribution channels are getting more and more into the podcasting world, which allows us to expand our discovery, but also charge more for advertising CPMs just based on having their commercials in video. In many of our shows, if you watch them now, commercials are host-read with video and with products, which allows us to charge great CPMs and advertisers see amazing results. So video is a huge part of what we do. And specifically in the discovery side of it, these short clips, whether it's on YouTube or Instagram or TikTok, it's great for us to clip 2- to 3-minute segments to promote the shows, make them shareable, all of that adds to what we do.
That's very helpful. And then my follow-up is more on advertising revenue. So you recently jumped up to the #6 ranking in the Podtrac rankings. Congratulations on that. What does that mean for Sue McNamara and her sales team, and then also for programmatic? And how has advertiser willingness to use podcasts for their advertising changed over the last year? Is the perception changing and improving?
Yes, I mean, I'll answer the last part first. Yes, you're seeing brands, you know, when I say brands, it's not just use-the-code type brands, you're seeing the Progressives, the State Farms, the O'Reillys, the Lowes. Those type of companies are jumping into the podcasting space, Macy's as well. These brands are actually realizing the benefit of podcasting. One, because they get the attribution for using it as a digital medium, but they're also using it on the creative where they're really developing integrations into the communities of the talent, right? So Macy's, we're trying on clothes on air, we're talking about deals and discounts and what people can go buy. Right. And it's just really integrated not only in the audio, the video, but also the social. You know, when you look at that, that's the exciting thing for brands because they're just not buying host-read spots. That business is definitely booming, especially with us. But it's gone beyond that. The brands are really trying to buy into the communities, which is awesome. And for a company like us, where we have really strong relationships with the talent and the production of the shows, we can gain trust for these brands to make sure they're getting what they pay for and they're protected in their messaging. That's a big part of really growing the brand business in the podcasting space and actually having trust, and we're able to provide that. As far as the programmatic side and being #6, we actually just came after July too, and we remained #6, which is great news for us. That's really a good thing to open doors for our sales team in the sense that there's some big names behind us, whether it's Disney or Barstool or CNN, some of those networks. So sometimes it's easier for them to get in the door of advertisers or brands. And we can actually say we're bigger than them, which is a nice sales point. When it comes to programmatic and the Amazon ART19 deal, that's where that really comes into play, right? As we get more and more consumption on our network, there's more impressions to monetize, whether that's done by our direct sales team with our highest CPMs or the Amazon deal and having them buy in through our network or programmatically, where we continue to evolve and grow through our partners that we have in that world too. Yes, it's been honestly really just a great year for growth on all levels, whether it's revenue, audience, and just brands buying into the space. So it's been great.
[Operator Instructions] Your next question comes from the line of Barry Sine with Litchfield Hills Research. Your line is open. Please go ahead.
Hey, that's not a mistake. I limited myself and then jumped back in the queue, but I guess I am the next one. I had one more question, Kit. On the LiveOne call, Rob mentioned the Netflix, and I haven't seen a separate press release. I'm very enthusiastic about that. And I want to get a little more data from you because it seems to me as if your core demographic is very closely aligned with the Netflix core demographic. If you could remind us what your demographics look like, age, gender, etc. And then when did PodcastOne podcasts start appearing on Netflix? And then, you know, Rob was asked what the revenue model is. He said, you're not disclosing that. But whatever that model is, when will investors start to see the benefit of that relationship show up on the PodcastOne income statement?
Yes, so Netflix got into podcasting, I don't know, maybe 6 months ago, maybe a little bit longer. If I had to guess, Stassi is our lead pony in that world. She's a great personality, great, you know, she comes from the Vanderpump world. If you guys don't know, Barry, I know you are well versed in Vanderpump. So you've got this down, but she is a superstar and just an amazing talent. Her show on Hulu has gotten picked up. This is the second season. It's fantastic. She's really fun. So her podcast going on Netflix just made a lot of sense. We worked with her agent to get that show up there. And really, the benefit is discovery. And you know, we are running commercials in there. Right. So when I go to an advertiser, I say, all right, well, Stassi is not only going to have it in her video, audio world, but she's also going to have that in the Netflix distribution as well. So you're going to see premium rates because of that and growth of the show, right? So it's great. Another big company, you know, you've got the YouTubes, you've got the Amazons, the Spotifys, SiriusXM is just jumping in full throttle in podcasting. And now you see Netflix, you see, you know, Disney is doing some stuff too now. I think these distribution channels are going to be just added to podcasts and just growing as a medium and a distribution channel for advertisers. So you'll start to see that, you're seeing it in her show in terms of revenue and getting premium rates. So we'll continue that relationship and continue to charge forward with some other shows getting on there and some of the other platforms I just mentioned.
So just to follow up on that, if you could remind us what your demographics look like. I have a sense of what Netflix looks like. And then it sounded as if that's the only podcast you have on Netflix. What about adding other podcasts to Netflix?
Yes, we're in talks on that. They wanted to roll out with kind of a phase. They've got a bunch on there, and we'll continue to talk to them about adding more. So we'll see how that goes over the next 6 months. You know, we picked up one of the shows, Billy Corgan. And if you guys know Billy from his days with The Smashing Pumpkins, take a look at his video on YouTube and how amazing it is. It's a really cool set and he's a very cool, interesting guy that has amazing interviews. And it just sits there 6 to 12 months. As far as our demographics, when I created the company, I really wanted to be agnostic on that. I wanted to be able to really fill out any RFP that an advertiser would have with a group of shows that hit any demo. So yes, I think most of our consumption comes in the female 25 to 44 range. The true crimes, the Stassis, the Kaitlyns, the LadyGangs, Pop Apologists, those guys for sure are a big part of what we're doing. But you're seeing growth in the older demographics. And you'll see the people like Adam Carolla, Jordan Harbinger, Brendan Schaub, really round out the male 25 to 54 demo, and in some cases even higher, right? I mean, we're all getting older. Adam is still chugging along and doing great with his podcast and just building that and having new distribution channels as he's on SiriusXM with Megyn Kelly's network. And you're going to see an older demographic there as Adam gets older and his audience gets older, but we're still getting a lot of advertisers in and a lot of consumption, and that's great. We can kind of fill out that demographic when we go to RFPs as well.
Your next question comes from the line of Leo Carpio with Joseph Gunnar. Your line is open, please go ahead.
A couple of quick questions on the quarter. In terms of the M&A opportunities, are there still any platforms available for you to pick up here at this stage, or more you're focused on the organic growth, monetizing, IP creation and the like, developing talent at this point?
Yes. Hey Leo, good to hear from you. To answer your question, we're doing it all, right? The main part of the business is either acquiring existing shows with an audience, growing them, monetizing them, doing more with them. That's a big part of what we do. We're launching our own shows with our own IP, growing them and monetizing them is a big part of what we're doing and talking about different distribution channels. That's a big part of our business. But when we look at M&A, yes. I mean, I was on a call yesterday with Steve, and we've got other things that we're talking about constantly. Those are interesting. There's more and more companies with great opportunities and great ideas, whether that's representing podcasts, expanding the paywall world or technology, that's going to be an important thing over the next year. I think there's going to be a lot of acquisition deals. I know that a lot of different companies are being approached by some of the bigger groups, and then a bunch of the smaller companies are very interested or talking to other small companies that complement each other quite well. And I think you're going to see acquisitions not only with PodcastOne, but I think you're going to see acquisitions throughout the industry over the next 6 to 12 months for sure.
Okay, and a quick housekeeping question. Can you remind us how your revenue, the seasonality in your revenue in terms of how it progresses through the calendar year in terms of which quarters are strong versus which are a little...
Yes, you know, obviously we had a really good quarter last quarter, best I think ever that we've ever done, which is just tremendous. Summertime, usually a little bit slower because people are on the beach, people are enjoying families and stuff like that. But as school gets back into gear and people get back to work over the next 30 days, you're going to start to see more consumption of podcasts. As calendar year Q4 rolls up, that's always our biggest quarter. That's typically how it works.
There are no further questions at this time. I will now turn the call back to Kit Gray for closing remarks.
All right. Well, thank you everyone for your time today. I really appreciate it. We are extremely happy with where the year ended, where the quarter is, and where the team is headed moving forward. Excited about some of the projects that we got a chance to talk about a little bit this morning. Please keep an eye on us as you move forward and keep watching us. We're launching some great projects and some great shows. I hope you guys get to enjoy them. But looking forward to you guys and looking forward to another great year at PodcastOne. Thank you very much for all your support, our shareholder support, and of course the team at PodcastOne and LiveOne. Thank you very much.
This concludes today's call. Thank you for attending. You may now disconnect.
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