PodcastOne公佈2026財年全年收入6170萬美元創紀錄 經調整EBITDA大增567%

EX-99.1
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ea029577301ex99-1.htm
PRESS RELEASE, DATED JUNE 24, 2026

 

Exhibit 99.1 

 

PodcastOne (Nasdaq: PODC) Reports Record Fiscal
2026 Revenue of $61.7M and $6.3M Adjusted EBITDA*,

Q4 Fiscal 2026 Revenue of $15.7M and $1.9M Adjusted EBITDA* up 109% YoY

 

 
  
 ●
 Cash Balance increased 225% year-over-year to $3.5M

  
  
  

  
 ●
 Fiscal 2027 Guidance:

 
 

 
  
 ○
 Revenue $68-$75M

  
  
  

  
 ○
 Raises Adjusted EBITDA* guidance to $8-$10M

 
  

LOS ANGELES, CA, June
24, 2026 -- PodcastOne (Nasdaq: PODC), a leading publisher and podcast sales network, today announced record
financial results for fourth quarter (“Q4 Fiscal 2026”) and fiscal year ended March 31, 2026 (“Fiscal 2026”).
PodcastOne will host a conference call and webcast today, June 24, 2026.

 

Financial Highlights

 

Record Q4 Fiscal 2026 Performance

 

 
  
 ●
 Revenue increased 11% YoY to $15.7 million

  
  
  

  
 ●
 Adjusted EBITDA* surged 109% YoY to $1.9 million

 
 

Record Fiscal 2026 Performance

 

 
  
 ●
 Revenue grew 18% YoY to $61.7 million

  
  
  

  
 ●
 Adjusted EBITDA* increased 567% YoY to $6.3 million

 
   

Operational Highlights

 

 
  
 ●
 Eliminated all junior debt, strengthening the balance sheet

 
  
  
  

 
  
 ●
 Continued to focus on cash flow generation, margin expansion, and AI-driven monetization

 
  
  
  

 
  
 ●
 Expanded distribution footprint across major platforms, including Spotify, Apple Podcasts, YouTube, Amazon, ART19, Paramount, Pluto TV, AT&T, Samsung, LG, and Vizio

 
  
  
  

 
  
 ●
 Driving growth through PodcastOne.AI, content licensing, advertising, strategic partnerships, and targeted potential M&A initiatives

 

 

“Fiscal 2026 was a strong year for PodcastOne as we expanded
our content portfolio, strengthened creator relationships, increased our industry standing, and continued growing our advertising business.
We welcomed new creator partners, renewed many of our flagship shows, advanced to a top seven ranking among US podcast publishers, and
saw strong momentum across our network. With podcast consumption continuing to grow and exciting opportunities ahead, we believe PodcastOne
is well positioned for another year of exciting growth.”

 

  

  

 

 

Q4 Fiscal
2026 & Fiscal 2026 vs Q4 Fiscal 2025 & Fiscal 2025 Results Summary (in $000’s, except per share; unaudited)

 

 
   
 Three Months Ended  
 Year Ended 

 
   
 March 31  
 March 31 

 
   
 2026  
 2025  
 2026  
 2025 

 
 Revenue 
 $15,665  
 $14,097  
 $61,671  
 $52,119 

 
 Operating income (loss) 
 $(460) 
 $(2,324) 
 $(2,642) 
 $(6,434)

 
 Total other income (expense) 
 $(1) 
 $-  
 $(2) 
 $- 

 
 Net income (loss) 
 $(461) 
 $(2,336) 
 $(2,644) 
 $(6,458)

 
 Adjusted EBITDA* 
 $1,853  
 $(1,152) 
 $6,305  
 $(501)

 
 Net income (loss) per share basic and diluted 
 $(0.02) 
 $(0.09) 
 $(0.10) 
 $(0.26)

 

 

Fiscal 2027 Guidance

 

PodcastOne’s guidance for Fiscal 2027, is
for revenue to increase to $68-$75 million and drive expected Adjusted EBITDA* of $8-10 million.

 

Q4 Fiscal 2026 Earnings Conference Call and Webcast:

 

 
 Date:
 Wednesday, June 24, 2026

 
 Time:
 12:30 p.m. Eastern Time (9:30 a.m. Pacific Time)

 
 Webcast Link:
 https://events.q4inc.com/attendee/795843010

 
 Dial-in:
 +1 (833) 461-5787

 
 International Dial-in:
 +44 (808) 196 8935

 
 Conference Code:
 795 843 010

 

 

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 announced 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; 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; LiveOne’s ability to satisfy the conditions for closing on its announced
additional convertible debentures financing; LiveOne’s ability to implement its announced digital assets treasury strategy and/or
purchase digital assets from time to time pursuant to such strategy, including for up to the maximum announced amount, and other risks
related to such strategy; 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, 2025,
filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 2, 2025, PodcastOne’s Quarterly Report on
Form 10-Q for the fiscal quarter ended December 31, 2025, filed with the SEC on February 13, 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.

 

 2

  

 

 

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
full fiscal year 2027 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
[email protected]

 

 3

  

 

 

Financial Information

 

The tables below present
financial results for the three and twelve months ended March 31, 2026 and 2025.

 

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

 

 
   
 Three Months Ended  
 Year Ended 

 
   
 March 31,  
 March 31, 

 
   
 2026  
 2025  
 2026  
 2025 

 
 Revenue: 
 $15,665  
 $14,097  
 $61,671  
 $52,119 

 
   
     
     
     
    

 
 Operating expenses: 
     
     
     
    

 
 Cost of sales 
  13,760  
  12,560  
  54,101  
  47,394 

 
 Sales and marketing 
  832  
  861  
  3,239  
  3,479 

 
 Product development 
  14  
  12  
  46  
  52 

 
 General and administrative 
  1,357  
  2,075  
  6,354  
  6,205 

 
 Impairment of intangible assets 
  -  
  -  
  -  
  334 

 
 Amortization of intangible assets 
  162  
  913  
  573  
  1,089 

 
 Total operating expenses 
  16,125  
  16,421  
  64,313  
  58,553 

 
 Loss from operations 
  (460) 
  (2,324) 
  (2,642) 
  (6,434)

 
   
     
     
     
    

 
 Other income (expense): 
     
     
     
    

 
 Other income (expense) 
  (1) 
  -  
  (2) 
  - 

 
 Total other expense, net 
  (1) 
  -  
  (2) 
  - 

 
   
     
     
     
    

 
 Loss before provision for income taxes 
  (461) 
  (2,324) 
  (2,644) 
  (6,434)

 
   
     
     
     
    

 
 Provision for income taxes 
  -  
  12  
  -  
  24 

 
 Net loss 
 $(461) 
 $(2,336) 
 $(2,644) 
 $(6,458)

 
   
     
     
     
    

 
 Net loss per share – basic and diluted 
 $(0.02) 
 $(0.09) 
 $(0.10) 
 $(0.26)

 
 Weighted average common shares – basic and diluted 
  27,120,674  
  25,110,498  
  26,648,322  
  24,381,613 

 

 

 4

  

 

 

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

 

 
   
 March 31,  
 March 31, 

 
   
 2026  
 2025 

 
 Assets 
    
   

 
 Current Assets 
    
   

 
 Cash and cash equivalents 
 $3,509  
 $1,079 

 
 Accounts receivable, net 
  7,331  
  6,246 

 
 Prepaid expense and other current assets 
  231  
  230 

 
 Total Current Assets 
  11,071  
  7,555 

 
 Property and equipment, net 
  38  
  59 

 
 Goodwill 
  12,041  
  12,041 

 
 Intangible assets, net 
  613  
  1,186 

 
 Related party receivable 
  5,434  
  354 

 
 Total Assets 
 $29,197  
 $21,195 

 
   
     
    

 
 Liabilities and Stockholders’ Equity 
     
    

 
 Current Liabilities 
     
    

 
 Accounts payable and accrued liabilities 
 $6,937  
 $5,539 

 
 Lease liabilities 
  70  
  - 

 
 Related party payable 
  1,210  
  514 

 
 Total Current Liabilities 
  8,217  
  6,053 

 
 Lease liabilities, non-current 
  97  
  - 

 
 Total Liabilities 
  8,314  
  6,053 

 
   
     
    

 
 Commitments and Contingencies 
  -  
  - 

 
   
     
    

 
 Stockholders’ Equity 
     
    

 
 Preferred stock, par value $0.00001, 10,000,000 shares authorized, no shares issued or outstanding as of March 31, 2026 and March 31, 2025, respectively 
  -  
  - 

 
 Common stock, $0.00001 par value; 100,000,000 shares authorized as of March 31, 2026 and March 31, 2025, respectively; 27,315,654 and 26,016,107 shares issued and outstanding as of March 31, 2026 and March 31, 2025, respectively 
  -  
  - 

 
 Additional paid in capital 
  59,596  
  51,211 

 
 Accumulated deficit 
  (38,713) 
  (36,069)

 
 Total stockholders’ equity 
  20,883  
  15,142 

 
 Total Liabilities and Stockholders’ Equity 
 $29,197  
 $21,195 

 

 

 5

  

 

 

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

 
 
  
 Net
 Income (Loss)*
  
  
 Depreciation
 and Amortization*
  
  
 Employee
 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 March 31, 2026
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

 
 Total
  
 $
 (461
 )
  
 $
 167
  
  
 $
 355
  
  
 $
 1,753
  
  
 $
                38
  
  
 $
       1
  
  
 $
 -
  
  
 $
 1,853
  

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

 
 Three Months Ended March
 31, 2025
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

 
 Total
  
 $
 (2,336
 )
  
 $
 470
  
  
 $
 267
  
  
 $
 432
  
  
 $
 3
  
  
 $
 -
  
  
 $
 12
  
  
 $
 (1,152
 )

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

 
 Year Ended March 31, 2026
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

 
 Total
  
 $
 (2,644
 )
  
 $
 616
  
  
 $
 1,654
  
  
 $
 6,557
  
  
 $
 120
  
  
 $
 2
  
  
 $
 -
  
  
 $
 6,305
  

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

 
 Year Ended March 31, 2025
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

 
 Total
  
 $
 (6,458
 )
  
 $
 1,671
  
  
 $
 2,671
  
  
 $
 1,544
  
  
 $
 47
  
  
 $
 -
  
  
 $
 24
  
  
 $
 (501
 )

 

 

 
 (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.

 
  

 6

  

 

 

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

 

Contribution Margin*
Reconciliation (Unaudited)
(In thousands)

 

 
   
 Three Months Ended  
 Year Ended 

 
   
 March 31  
 March 31 

 
   
 2026  
 2025  
 2026  
 2025 

 
 Revenue: 
 $15,665  
 $14,097  
 $61,671  
 $52,119 

 
 Less: 
     
     
     
    

 
 Cost of sales 
  (13,760) 
  (12,560) 
  (54,101) 
  (47,394)

 
 Amortization of developed technology 
  -  
  (49) 
  (31) 
  (227)

 
 Gross Profit 
  1,905  
  1,488  
  7,539  
  4,498 

 
   
     
     
     
    

 
 Add backs: 
     
     
     
    

 
 Share-based compensation 
  1,290  
  24  
  4,722  
  93 

 
 Depreciation 
  3  
  32  
  32  
  145 

 
 Amortization of developed technology: 
  -  
  49  
  31  
  227 

 
 Contribution Margin* 
 $3,198  
 $1,593  
 $12,324  
 $4,963 

 

 

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

 

 7