PodcastOne — Q2 & 1H Fiscal 2027 Earnings Summary

Financial Performance:

• Q2 Fiscal 2027 revenue was $15.41 million, compared to $15.16 million in Q2 Fiscal 2026.
• 1H Fiscal 2027 revenue totaled $31.54 million, compared to $30.15 million in 1H Fiscal 2026.
• Q2 Fiscal 2027 Adjusted EBITDA was $1.38 million, a 27% increase from $1.09 million in Q2 Fiscal 2026.
• 1H Fiscal 2027 Adjusted EBITDA was $2.95 million, compared to $1.67 million in 1H Fiscal 2026.
• Q2 Fiscal 2027 operating loss was $0.48 million, improved from an operating loss of $0.98 million in Q2 Fiscal 2026.
• 1H Fiscal 2027 operating loss was $2.04 million, compared to $2.03 million in 1H Fiscal 2026.
• Q2 Fiscal 2027 net loss was $0.48 million ($0.02 per share), compared to $0.98 million ($0.04 per share) in Q2 Fiscal 2026.
• 1H Fiscal 2027 net loss was $2.04 million ($0.07 per share), compared to $2.03 million ($0.08 per share) in 1H Fiscal 2026.
• Q2 Fiscal 2027 Contribution Margin was $2.88 million, compared to $2.69 million in Q2 Fiscal 2026.
• 1H Fiscal 2027 Contribution Margin was $7.03 million, compared to $5.08 million in 1H Fiscal 2026.
• Cash and cash equivalents increased to $7.17 million as of September 30, 2026, from $3.51 million as of March 31, 2026.
• Total assets were $43.35 million as of September 30, 2026, up from $29.20 million as of March 31, 2026.
• Total liabilities were $17.69 million as of September 30, 2026, compared to $12.10 million as of March 31, 2026.
• Stockholders' equity was $25.67 million as of September 30, 2026, compared to $17.09 million as of March 31, 2026.
• Weighted average common shares outstanding increased to 30.31 million in Q2 Fiscal 2027 from 26.51 million in Q2 Fiscal 2026.

Business Segments and Product Lines:

• PodcastOne reported delivering over 15 million downloads and streams and 5.8 million unique listeners in September 2026.
• The company is ranked #6 on Podtrac.
• PodcastOne has surpassed 3.9 billion total downloads with a community of 200 top podcasters.
• The company maintains a distribution network reaching over 1 billion monthly impressions across YouTube, Spotify, Apple Podcasts, and iHeartRadio.
• PodcastOne Pro offers fully customizable production packages for brands, professionals, or hobbyists.

Management Commentary and Tone:

• Kit Gray, President and Co-Founder, stated the company is proud to deliver record first-half financial results and continued momentum.
• Management highlighted strong audience growth, an expanding content portfolio, and progress across advertising and subscription businesses.
• Management emphasized a focus on building long-term value and driving sustainable growth.

Other Key Points:

• PodcastOne is the parent company of LiveOne, which has entered into a Subsidiary Guarantee and related Security Agreement with holders of senior secured debentures.
• PodcastOne faces risks related to LiveOne's reliance on its largest OEM customer for a substantial percentage of revenue.
• PodcastOne has obligations under LiveOne's senior secured debentures secured by all assets of LiveOne, PodcastOne, and their respective subsidiaries.
• LiveOne intends to repurchase shares of its and/or PodcastOne's common stock from time to time under a stock repurchase program.
• LiveOne must maintain compliance with financial and other covenants under its senior secured debentures.
• PodcastOne faces risks regarding its ability to continue as a going concern.
• PodcastOne faces risks related to LiveOne's ability to repay indebtedness and satisfy conditions for closing on announced additional convertible debentures financing.
• PodcastOne faces risks related to uncertain outcomes in legal proceedings and potential payments due in connection with such proceedings.
• PodcastOne faces risks related to LiveOne's ability to maintain compliance with covenants and potential effects of non-compliance on PodcastOne.
• PodcastOne faces risks regarding the ability to attract, maintain, and increase listeners, and to identify, acquire, secure, and develop content.
• PodcastOne faces risks related to the consummation of any proposed financing, acquisition, merger, distribution, or other transaction, including timing and condition satisfaction.
• PodcastOne faces risks related to the implementation of its growth strategy, including technology platforms and applications.
• PodcastOne faces risks related to management's relationships with industry stakeholders and competition.
• PodcastOne faces risks related to changes in economic conditions.
• PodcastOne faces risks related to LiveOne's ability to satisfy conditions for closing on announced additional convertible debentures financing.
• PodcastOne faces risks related to LiveOne's ability to repay its indebtedness when due.
• PodcastOne faces risks related to LiveOne's ability to maintain compliance with certain financial and other covenants under its senior secured debentures and potential effects on PodcastOne of LiveOne's non-compliance.
• PodcastOne faces risks related to LiveOne's intent to repurchase shares of its and/or PodcastOne's common stock from time to time under LiveOne's stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program.
• PodcastOne faces risks related to LiveOne's ability to satisfy the conditions for closing on its announced additional convertible debentures financing.
• PodcastOne faces risks related to uncertain and unfavorable outcomes in legal proceedings and/or PodcastOne's and/or LiveOne's ability to pay any amounts due in connection with any such legal proceedings.
• PodcastOne faces risks related to changes in economic conditions; competition; risks and uncertainties applicable to the businesses of PodcastOne, LiveOne and/or LiveOne's other subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in PodcastOne's Annual Report on Form 10-K for the fiscal year ended March 31, 2026, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 29, 2026, Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 14, 2026, and in PodcastOne's other filings and submissions with the SEC.