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
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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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