PodcastOne (NASDAQ:PODC – Get Free Report) posted its earnings results on Wednesday. The company reported ($0.05) earnings per share for the quarter, Zacks reports. The business had revenue of $16.10 million for the quarter, compared to the consensus estimate of $17.76 million. PodcastOne had a negative return on equity of 16.98% and a negative net margin of 4.29%.
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 Stock Up 10.1%
Shares of PodcastOne stock traded up $0.31 on Thursday, hitting $3.39. The stock had a trading volume of 65,373 shares, compared to its average volume of 123,294. The stock has a market cap of $102.38 million, a price-to-earnings ratio of -30.82 and a beta of 2.15. PodcastOne has a twelve month low of $1.30 and a twelve month high of $5.20. The business’s 50 day moving average is $3.96 and its two-hundred day moving average is $3.28.
Insiders Place Their Bets
Institutional Investors Weigh In On PodcastOne
Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning bought a new position in PodcastOne during the second quarter worth about $49,000. Citadel Advisors LLC grew its position in shares of 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 purchasing an additional 30,541 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of PodcastOne during the fourth quarter worth approximately $81,000. Institutional investors and hedge funds own 2.87% of the company’s stock.
Analyst Upgrades and Downgrades
PODC has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of PodcastOne in a report on Wednesday, June 24th. Wall Street Zen cut 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.
Check Out Our Latest Research Report on PODC
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.
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