PODC · PodcastOne, Inc.

The preliminary FY2026 results reflect a transformative year for PodcastOne, with $61M+ in revenue and $6.3M+ in Adjusted EBITDA — both described as record levels. The +1,476% YoY revenue growth implies a sharp inflection from an estimated $4M in FY2025, likely driven by scaled advertising monetization, expanded distribution (noted as reaching 1B+ monthly impressions), and content growth across its network of 200 podcasters. Management attributes the performance to 'disciplined execution and expanding demand for our content and advertising solutions,' highlighting platform scaling and enhanced monetization as strategic priorities. The Q4 FY2026 acceleration (+175% QoQ to $15M+ revenue and $2.3M+ Adjusted EBITDA) further underscores operational leverage in the latter half of the fiscal year. However, these figures remain preliminary and unaudited, with explicit caveats that final results may differ due to incomplete financial closing procedures and the exclusion of certain GAAP adjustments. The reliance on Adjusted EBITDA — defined to exclude purchase accounting adjustments, acquisition-related fees, legal settlement reserves, and stock-based compensation — signals management’s focus on core operating performance, though the absence of GAAP net income or EPS data limits direct comparability to analyst consensus. Notably, no forward guidance beyond FY2026 is provided, and the press release contains no balance sheet, cash flow, or share count disclosures — leaving liquidity, capital structure, and earnings per share implications unaddressed in this filing.