PodcastOne Reports Record 1H & Q2 Fiscal 2027 Financial Results; 1H Fiscal 2027 Revenue of $31.5M and Adjusted EBITDA* of $2.9M

LOS ANGELES, CA / ACCESS Newswire / November 12, 2026 / PodcastOne (NASDAQ:PODC), a leading publisher and podcast sales network, today announced its record financial results for the second fiscal quarter ("Q2 Fiscal 2027") and first six months ("1H Fiscal 2027") ended September 30, 2026 of its fiscal year ending March 31, 2027 ("Fiscal 2027"). PodcastOne will host a conference call and webcast today, November 12, 2026, at 12:00 PM Eastern Time.

Q2 Financial & Operational Highlights

• Revenue increased YoY to $15.4 million for Q2 Fiscal 2027.
• Adjusted EBITDA* increased 27% or $0.3 million YoY, reaching $1.4 million
• Record 1H Fiscal 2027 Revenue of $31.5M
• Record 1H Fiscal 2027 Adjusted EBITDA* of $2.9M
• Delivered 15M+ downloads and streams and 5.8M unique listeners in September
• Recently ranked #6 ranking on Podtrac

"We're proud to deliver record first-half financial results and continued momentum across the business," said Kit Gray, President and Co-Founder of PodcastOne. "With strong audience growth, an expanding content portfolio, and continued progress across our advertising and subscription businesses, we remain focused on building long-term value and driving sustainable growth."

Q2 Fiscal 2027 vs Q2 Fiscal 2026 and 1H Fiscal 2027 vs 1H Fiscal 2026 Results Summary (in $000's, except per share; unaudited)

		Three Months Ended								Six Monthe Ended
		September 30,								September 30,
		2026				2025				2026				2025
Revenue		$	15,410			$	15,156			$	31,535			$	30,150
Operating loss		$	(479	)		$	(975	)		$	(2,036	)		$	(2,029	)
Total other income (expense)		$	-			$	-			$	-			$	-
Net loss		$	(479	)		$	(975	)		$	(2,036	)		$	(2,029	)
Adjusted EBITDA*		$	1,377			$	1,086			$	2,953			$	1,666
Net loss per share basic and diluted		$	(0.02	)		$	(0.04	)		$	(0.07	)		$	(0.08	)

Q2 Fiscal 2027 Earnings Conference Call and Webcast:

Date: Thursday, November 12, 2026
Time: 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time)
Webcast Link: Link: https://events.q4inc.com/attendee/272989708
Dial-in: [phone]
International Dial-in: [phone]
Conference Code: 272 989 708

About PodcastOne, Inc.

PodcastOne (NASDAQ:PODC) is a leading podcast platform that provides creators and advertisers with a comprehensive 360-degree solution in sales, marketing, public relations, production, and distribution. PodcastOne has surpassed 3.9 billion total downloads with a community of 200 top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, A&E's Cold Case Files, and Varnamtown. PodcastOne has built a distribution network reaching over 1 billion monthly impressions across all channels, including YouTube, Spotify, Apple Podcasts, and iHeartRadio. PodcastOne is also the parent company of PodcastOne Pro which offers fully customizable production packages for brands, professionals, or hobbyists. For more information, visit www.podcastone.com and follow us on Facebook, Instagram, YouTube, and X at @podcastone.

Forward-Looking Statements

All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne's reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne's and PodcastOne's ability to consummate any proposed financing, acquisition, merger, distribution or other transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne's ability to continue as a going concern; PodcastOne's ability to attract, maintain and increase the number of its listeners; PodcastOne identifying, acquiring, securing and developing content; 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; 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 successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; LiveOne's ability to repay its indebtedness when due; PodcastOne's obligations under LiveOne's senior secured debentures as a result of PodcastOne having entered into a Subsidiary Guarantee and related Security Agreement with the holders of such debentures, which debentures are secured by all of the assets of LiveOne, PodcastOne and their respective subsidiaries; LiveOne's ability to satisfy the conditions for closing on its announced additional convertible debentures financing; 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; 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. These forward-looking statements speak only as of the date hereof, and PodcastOne disclaims any obligation to update these statements, except as may be required by law. PodcastOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

Use of Non-GAAP Financial Measures*

To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America ("GAAP"), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization ("Adjusted EBITDA"), which are non-GAAP financial measures, as measures of our performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.

We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segment. We believe that information about these non-GAAP financial measures assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and the other factors that affect reported results. Adjusted EBITDA is not calculated or presented in accordance with GAAP. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.

Contribution Margin (Loss) is defined as Revenue less Cost of Sales before (a) Cost of Sales share-based compensation expense, (b) depreciation, and (c) amortization of developed technology. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, and (e) certain stock-based compensation expense. Management does not consider these costs to be indicative of our core operating results.

With respect to projected quarterly or full 2027 fiscal year Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.

For more information on these non-GAAP financial measures, please see the tables entitled "Reconciliation of Non-GAAP Measure to GAAP Measure" included at the end of this release.

PodcastOne Press Contact:

Paul Manley
[e-mail]

Financial Information

The tables below present financial results for the three and six months ended September 30, 2026 and 2025.

PodcastOne, Inc.
Consolidated Statements of Operations (Unaudited)
(In thousands, except share and per share amounts)

		Three Months Ended								Six Months Ended
		September 30,								September 30,
		2026				2025				2026				2025
Revenue:		$	15,410			$	15,156			$	31,535			$	30,150
Operating expenses:
Cost of sales			13,720				13,543				27,942				27,097
Sales and marketing			752				678				1,536				1,557
Product development			9				11				21				23
General and administrative			1,332				1,774				3,837				3,252
Amortization of intangible assets			76				125				235				250
Total operating expenses			15,889				16,131				33,571				32,179
Loss from operations			(479	)			(975	)			(2,036	)			(2,029	)
Other income (expense):
Interest expense, net			-				-				-				-
Loss before provision for income taxes			(479	)			(975	)			(2,036	)			(2,029	)
Provision for income taxes			-				-				-				-
Net loss		$	(479	)		$	(975	)		$	(2,036	)		$	(2,029	)
Net loss per share - basic and diluted		$	(0.02	)		$	(0.04	)		$	(0.07	)		$	(0.08	)
Weighted average common shares - basic and diluted			30,307,991				26,506,636				29,567,199				26,291,453

PodcastOne, Inc.
Consolidated Balance Sheets (Unaudited)
(In thousands)

		September 30,				March 31,
		2026				2026
Assets
Current Assets
Cash and cash equivalents		$	7,166			$	3,509
Accounts receivable, net			7,241				7,331
Prepaid expense and other current assets			80				231
Total Current Assets			14,487				11,071
Property and equipment, net			143				204
Goodwill			12,041				12,041
Intangible assets, net			379				613
Related party receivable			16,304				5,268
Total Assets		$	43,354			$	29,197
Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable and accrued liabilities		$	9,177			$	6,932
Lease liabilities			19				70
Related party payable, net			8,394				5,004
Lease liabilities			97				97
Total Liabilities			17,687				12,103
Commitments and Contingencies (Note 8)
Stockholders' Equity
Preferred stock, $0.00001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of September 30, 2026 and March 31, 2026, respectively			-				-
Common stock, $0.00001 par value; 100,000,000 shares authorized; 30,771,960 and 27,315,634 shares issued and outstanding as of September 30, 2026 and March 31, 2026, respectively			-				-
Additional paid in capital			66,417				55,807
Accumulated deficit			(40,750	)			(38,713	)
Total stockholders' equity			25,667				17,094
Total Liabilities and Stockholders' Equity		$	43,354			$	29,197

PodcastOne, Inc.
Reconciliation of Non-GAAP Measure to GAAP Measure
Adjusted EBITDA* Reconciliation (Unaudited)
(In thousands)

		Net Income (Loss)			Depreciation and Amortization			Stock-Based Compensation			Other Stock-Based Compensation			Non- Recurring Acquisition and Realignment Costs (1)*			Other (Income) Expense (2)*			(Benefit) Provision for Taxes			Adjusted EBITDA*
Three Months Ended September 30, 2026
Total		$	(479	)	$	80		$	221		$	1,510		$	45		$	-		$	-		$	1,377
Three Months Ended September 30, 2025
Total		$	(975	)	$	131		$	45		$	1,885		$	-		$	-		$	-		$	1,086
Six Months Ended September 30, 2026
Total		$	(2,036	)	$	244		$	285		$	4,342		$	118		$	-		$	-		$	2,953
Six Months Ended September 30, 2025
Total		$	(2,029	)	$	283		$	45		$	3,350		$	17		$	-		$	-		$	1,666

1. Other Non-Operating and Non-Recurring Costs include outside legal, accounting and other professional fees directly attributable to acquisition activity in the period, in addition to certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at certain acquired companies prior to their purchase date and non-recurring employee severance payments.
2. Other (income) expense above primarily includes interest expense, net and change in fair value of derivative liabilities. These are included in the statement of operations in other income (expense) and are an add back to net loss above in the reconciliation of Adjusted EBITDA* to Loss.

* See the definition of Adjusted EBITDA under "About Non-GAAP Financial Measures" within this release.

PodcastOne, Inc.
Reconciliation of Non-GAAP Measure to GAAP Measure

Contribution Margin* Reconciliation (Unaudited)
(In thousands)

		Three Months Ended								Six Months Ended
		September 30,								September 30,
		2026				2025				2026				2025
Revenue:		$	15,410			$	15,156			$	31,535			$	30,150
Less:
Cost of sales			(13,720	)			(13,543	)			(27,942	)			(27,097	)
Amortization of developed technology			-				-				-				(31	)
Gross Profit			1,690				1,613				3,593				3,022
Add backs:
Share-based compensation			1,189				1,072				3,432				2,004
Depreciation			2				3				5				26
Amortization of developed technology			-				-				-				31
Contribution Margin*		$	2,881			$	2,688			$	7,030			$	5,083

* See the definition of Contribution Margin under "About Non-GAAP Financial Measures" within this release.

SOURCE: PodcastOne

View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/business-and-professional-services/podcastone-nasdaq-podc-reports-record-1h-and-q2-fiscal-2027-fina-1250459