Business
PodcastOne (NASDAQ: PODC) Reports Q3 Fiscal 2025 Financial Results; Revenue Increases 22% YoY to $12.7 Million, Fiscal 2025 Nine-Month Revenue Hits Record $38.0 Million
Company Expands Content Slate and Audience Reach While Strengthening Monetization Capabilities Through Strategic Partnership with Amazon’s ART19 LOS ANGELES,
About this update from Podcastone, Inc.
[{"type":"text","content":"Company Expands Content Slate and Audience Reach While Strengthening Monetization Capabilities Through Strategic Partnership with Amazon’s ART19 LOS ANGELES, Feb. 12, 2025 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ: PODC), a leading publisher and podcast sales network, has reported its financial results for the fiscal third quarter ended December 31, 2024 (“Q3 Fiscal 2025”). Key Highlights: Revenue increased 22% to $12.7 millionRanked as one of the Top 10 U.S. Podcast Publishers with a U.S. unique monthly audience of 5.2 million and 16.2 million U.S. downloads & streams as of January 2025Established strategic partnership with Amazon’s ART19 for hosting services, driving growth for shows and delivering results for advertisersExpanded programming slate to 196 shows and surpassed 3.9 billion network downloadsExpanded the A&E relationship with the launch of Ancient Aliens, a podcast adaptation of The History Channel’s hit showReaffirmed guidance for Fiscal 2025 revenues to increase at least 17% to at least a record $51.0 million; driving expected positive Adjusted EBITDA* Management Commentary “The recent migration and partnership with Amazon’s ART19 hosting platform marks a major evolution for PodcastOne that enhances operational efficiencies while strengthening our monetization capabilities and audience engagement”, said Kit Gray, President and Co-Founder of PodcastOne. “This strategic move positions us to better serve advertisers and maximize the value of our content across our growing network.” Mr. Gray continued, \"PodcastOne remains committed to delivering premium content while expanding our host and advertiser relationships. To date, we have grown our programming slate to 196 shows and surpassed 3.9 billion network downloads through key expansion deals, including our collaboration with A&E’s The History Channel, and the renewal of flagship podcasts hosted by Adam Carolla, Brendan Schaub, and Kaitlyn Bristowe. Looking ahead, we are focused on leveraging our leadership position in podcasting to drive sustainable growth through organic expansion, acquisitions, and strategic initiatives, creating long term value for our creators, partners, and shareholders.” Fiscal Third Quarter 2025 Financial Results Revenue in Q3 Fiscal 2025 increased 22% to $12.7 million, compared to $10.4 million in the same prior year quarter. Operating Loss in ...