| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Revenue | $61.7M | +18.3% |
| Cost of Revenue | $54.1M | +14.2% |
| R&D Expense | $46K | -11.5% |
| SG&A Expense | $6.4M | +2.4% |
| Operating Income | -$2.6M | +58.9% |
| Pre-tax Income | -$2.6M | +58.9% |
| Income Tax | $0 | -100.0% |
| Net Income | -$2.6M | +59.1% |
| EPS (Basic) | -$0.10 |
| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Cash & Equivalents | $3.5M | +225.2% |
| Accounts Receivable | $7.3M | +17.4% |
| Current Assets | $11.1M | +46.5% |
| Total Assets | $29.2M | +37.8% |
| Current Liabilities | $12.0M | +98.3% |
| Total Liabilities | $12.1M | +100.0% |
| Stockholders' Equity | $17.1M | +12.9% |
| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Operating Cash Flow | $2.5M | +1256.6% |
| Capital Expenditures | $22K | -85.7% |
| Investing Cash Flow | -$22K | +85.7% |
| Free Cash Flow | $2.4M | +763.9% |
Business Overview
PodcastOne is a leading ad-supported podcast platform and publisher ranked #8 by Podtrac, offering a comprehensive 360-degree solution for creators and advertisers across sales, marketing, production, and distribution. The company completed its spin-out from LiveOne and direct listing on Nasdaq Capital Market in September 2023, becoming a standalone publicly traded company while remaining majority-owned by LiveOne. The company generated $61.7 million in revenue for the year ended March 31, 2026, representing 18% year-over-year growth, with 228.8 million podcast downloads and 5.8+ million monthly unique listeners across 200+ exclusive podcasts.
Segment Performance
The Ad-Supported Service segment grew from $52.1 million in revenue for the year ended March 31, 2025 to $61.7 million for the year ended March 31, 2026, representing 18% year-over-year growth. Podcast downloads increased 12% from 204.7 million to 228.8 million. Monthly average downloads per podcast increased from 17.1 million in fiscal 2025 to 19.1 million in fiscal 2026. Average monthly listeners reached 5.9 million in the quarter ending March 31, 2026. No other business segments are detailed with specific performance metrics.
Forward Guidance
The company states it "intends to continue to acquire multiple assets over time and across a broad spectrum of podcast related media and companies" and develop these assets "to provide returns via organic growth, revenue production, out-licensing, sale or spin out." In April 2025, the company entered into a three-year agreement with ART19 (Amazon subsidiary), which "is expected to drive additional monetization opportunities across our vast library of popular podcasts." The company believes it is "still in the early stages of realizing our goal to connect creators and audiences around the world."
Key Risk Factors
The company faces risks from evolving digital advertising measurement standards and the lack of uniform industry standards for metrics, which could adversely affect advertising revenue and client comparisons. Mobile-centric usage patterns require effective monetization solutions that may lag web-based advertising technology adoption. The company relies on third-party advertising technology platforms and distribution partners whose instability or cessation could impact advertising spend capture. Shifting advertiser preferences toward higher CPM inventory could reduce overall impression volumes. Additionally, the company must successfully onboard and retain top talent creators while competing in an increasingly crowded podcast market.
| +61.5% |