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PODC — Podcastone News Story

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PodcastOne Q1 revenue misses estimates

PodcastOne Q1 revenue misses estimates 


Overview

  • U.S. podcast publisher's fiscal Q1 revenue grew 8% yr/yr but missed analyst expectations

  • Adjusted EBITDA for fiscal Q1 rose to a record $1.6 mln

  • Company expanded creator portfolio through acquisitions and broadened content offerings


Outlook

  • Company did not provide specific financial guidance for the current quarter or full year in the press release


Result Drivers

  • AUDIENCE GROWTH - Co said it delivered over 18 mln downloads and streams and 6 mln unique listeners in June

  • CONTENT EXPANSION - Co expanded creator portfolio through acquisitions and broadened content with new programming and partnerships

  • HIGHER PODTRAC RANKING - Co reached a record #6 ranking on Podtrac, surpassing Disney and others


Company press release: ID:nGNX13cmTt


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

Miss

$16.10 mln

$17.76 mln (3 Analysts)

Q1 Adjusted EBITDA

$1.60 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the it services & consulting peer group is "buy"

  • Wall Street's median 12-month price target for Podcastone Inc is $5.00, about 50.6% above its August 11 closing price of $3.32

  • The stock recently traded at 85 times the next 12-month earnings vs. a P/E of 85 three months ago


Reuters Recommended Reads

  • Aug 10 - Rumble Q2 revenue rises 61% to record high, surpassing estimates

  • Aug 10 - Canada's Stingray Q1 revenue beats estimates but margins weigh on profit

  • Aug 10 - WEBTOON Q2 revenue slightly misses estimates on lower Paid Content and IP Adaptations


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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