PodcastOne — Q2 2026 Earnings Summary

Financial Performance

• First-half (six months ended September 30, 2026) revenue expected to be a record $31.5 million.
• First-half Adjusted EBITDA expected to be $3.0 million, representing a 76% year-over-year increase.
• Second-quarter revenue expected to be $15.2 million.
• Second-quarter Adjusted EBITDA expected to be $1.4 million.
• GAAP net income or loss reconciliation is unavailable without unreasonable effort due to an inability to reliably estimate purchase accounting adjustments, acquisition-related charges, and legal settlement reserves.

Guidance and Future Outlook

• Issued final guidance for the second quarter and six months ended September 30, 2026.
• Global podcasting market projected to reach $58.31 billion in 2026.
• 750,000 hours of audio and video content primed for monetization through AI licensing, including LLMs, agentic AI, generative AI, and frontier models.

Business Segments and Product Lines

• Acquired PodcastOne.AI.
• Network reached a record No. 6 ranking among U.S. podcast publishers and networks by Podtrac in June 2026.
• Network generated over 1 billion monthly impressions.
• June 2026 metrics included approximately 6 million unique listeners and more than 18 million downloads and streams.
• Network operates across platforms including YouTube, Spotify, Apple Podcasts, and iHeartRadio.

Market and Competitive Landscape

• PodcastOne is a leading podcast publisher and sales network.
• The company has received inbound strategic interest from multiple parties regarding a potential acquisition.

Risks and Challenges

• No assurance that the strategic review process will result in a transaction.
• Actual results may differ materially due to adjustments from completing the financial close, timing and outcome of the strategic review, ability to complete a proposed acquisition, ability to secure and monetize content, changes in advertising demand, and competition.
• Risks are further detailed in the company's Annual Report on Form 10-K for the fiscal year ended March 31, 2026, and Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.

Management Commentary and Tone

• Robert Ellin, Executive Chairman, stated the company expects to deliver the highest first-half revenue in PodcastOne's history.
• Management highlighted the strategic interest received reflects the scale of the business built.
• The Board is focused on maximizing value for all shareholders.

Other Key Points

• The Board formed a special committee of independent directors to oversee the strategic review process.
• The company intends to retain a financial advisor to assist in evaluating inbound interest and other strategic alternatives.
• PodcastOne defines Adjusted EBITDA as earnings before interest, other income or expense, income taxes, depreciation, and amortization, excluding specific noncash adjustments, acquisition fees, severance, legal settlements, and stock-based compensation.