PodcastOne
PODCNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $2.15 Prior regular-session close from the quote source.
- $2.13–$2.29 Regular-session low and high so far today.
- 51.9K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $1.41–$5.20 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own PODC if its distributed podcast network can keep winning advertiser dollars and creator supply while turning scale into real margins and cash.
PODC price history
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Investment thesis
What must happen next
PodcastOne’s broad distribution through major podcast platforms keeps it relevant to advertisers that want podcast reach without buying platform-by-platform, so ad demand continues converting into company revenue.StrengtheningMateriality: High
GAAP annual revenue increased from $34.645 million in FY2023 to $43.302 million in FY2024, $52.119 million in FY2025, and $61.671 million in FY2026. If this holds, PodcastOne has a real growth engine; if it breaks, revenue growth is only temporary content-cycle noise.
Watch: Spotify, Apple Podcasts, Amazon Music or YouTube shift more advertiser budgets to their own direct-sold podcast/video inventory and reduce the value of independent publisher networks.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual revenue increased from $34.645 million in FY2023 to $43.302 million in FY2024, $52.119 million in FY2025, and $61.671.
Open source ↗PodcastOne’s creator and content economics must improve enough that incremental advertising revenue is not consumed by talent guarantees, production costs, and revenue shares.HoldingMateriality: High
Estimated GAAP annual gross profit rose from $4.725 million in FY2025 to $7.570 million in FY2026. Revenue growth creates equity value only if PodcastOne captures enough gross profit after paying for content and distribution economics.
Watch: Spotify, SiriusXM, iHeartMedia, Amazon or independent creator networks bid aggressively for top podcast talent, forcing PodcastOne to raise minimum guarantees or revenue shares.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Estimated GAAP annual gross profit rose from $4.725 million in FY2025 to $7.570 million in FY2026.
Open source ↗The publisher platform needs operating leverage: sales, corporate and production infrastructure must scale slower than monetized audience and advertiser demand.StrengtheningMateriality: Medium
GAAP annual operating loss narrowed from $6.434 million in FY2025 to $2.642 million in FY2026. If operating leverage appears, PodcastOne can move from a revenue-growth story to an earnings story; if not, the business may remain structurally subscale.
Watch: PodcastOne must materially increase sales headcount, marketing spend or technology spend to keep revenue growing, eliminating scale benefits.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating loss narrowed from $6.434 million in FY2025 to $2.642 million in FY2026.
Open source ↗PodcastOne must keep the turnaround self-funding, because a small cash balance leaves little room for an advertising downturn, working-capital shock or content-cost spike.HoldingMateriality: Medium
GAAP annual operating cash flow improved from negative $0.212 million in FY2025 to positive $2.452 million in FY2026. Positive operating cash flow reduces dilution and financing risk; a reversal could make even a growing business unattractive to shareholders.
Watch: Advertisers delay payments or reduce campaigns during a podcast ad slowdown, pressuring working capital before reported revenue fully rolls over.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating cash flow improved from negative $0.212 million in FY2025 to positive $2.452 million in FY2026.
Open source ↗Management must avoid using liabilities and contractual obligations to buy headline growth that does not improve per-share economics.WeakeningMateriality: Medium
Total liabilities were $12.103 million at FY2026 year-end versus $6.053 million at FY2025 year-end. If growth is funded by rising obligations rather than profitable monetization, shareholders may own a larger revenue base with little residual value.
Watch: Future show acquisitions, talent deals or vendor obligations add liabilities without a corresponding lift in gross profit.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Total liabilities were $12.103 million at FY2026 year-end versus $6.053 million at FY2025 year-end.
Open source ↗
Full investment case & evidence
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Original research
PodcastOne’s broad distribution through major podcast platforms keeps it relevant to advertisers that want podcast reach without buying platform-by-platform, so ad demand continues converting into company revenue. If this holds, PodcastOne has a real growth engine; if it breaks, revenue growth is only temporary content-cycle noise.
PodcastOne’s creator and content economics must improve enough that incremental advertising revenue is not consumed by talent guarantees, production costs, and revenue shares. Revenue growth creates equity value only if PodcastOne captures enough gross profit after paying for content and distribution economics.
The publisher platform needs operating leverage: sales, corporate and production infrastructure must scale slower than monetized audience and advertiser demand. If operating leverage appears, PodcastOne can move from a revenue-growth story to an earnings story; if not, the business may remain structurally subscale.
PodcastOne must keep the turnaround self-funding, because a small cash balance leaves little room for an advertising downturn, working-capital shock or content-cost spike. Positive operating cash flow reduces dilution and financing risk; a reversal could make even a growing business unattractive to shareholders.
Management must avoid using liabilities and contractual obligations to buy headline growth that does not improve per-share economics. If growth is funded by rising obligations rather than profitable monetization, shareholders may own a larger revenue base with little residual value.
All standing thesis claims
Original report summary
its distributed podcast network can keep winning advertiser dollars and creator supply while turning scale into real margins and cash.
Bull case and bear case
Bull case and bear case for PodcastOne
Where the evidence on PodcastOne disagrees: Mixed on the latest evidence (Nov 4, 2026). Of its 5 thesis points, 2 strengthening, 2 holding and 1 weakening.
Bull case: what the evidence supports
PodcastOne’s broad distribution through major podcast platforms keeps it relevant to advertisers that want podcast reach without buying platform-by-platform, so ad demand continues converting into company revenue.
PodcastOne’s creator and content economics must improve enough that incremental advertising revenue is not consumed by talent guarantees, production costs, and revenue shares.
The publisher platform needs operating leverage: sales, corporate and production infrastructure must scale slower than monetized audience and advertiser demand.
PodcastOne must keep the turnaround self-funding, because a small cash balance leaves little room for an advertising downturn, working-capital shock or content-cost spike.
Bear case: what the evidence questions
Management must avoid using liabilities and contractual obligations to buy headline growth that does not improve per-share economics.
Thesis-Break Engine
Thesis-break watch · PodcastOne
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedDirector or principal officer change.
PodcastOne filed an SEC 8-K on 2026-11-02: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedDirector or principal officer change.
PodcastOne filed an SEC 8-K on 2026-10-30: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
PodcastOne filed an SEC 8-K on 2026-08-12: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Spotify, Apple Podcasts, Amazon Music or YouTube shift more advertiser budgets to their own direct-sold podcast/video inventory and reduce the value of independent publisher networks.
- Spotify, SiriusXM, iHeartMedia, Amazon or independent creator networks bid aggressively for top podcast talent, forcing PodcastOne to raise minimum guarantees or revenue shares.
- PodcastOne must materially increase sales headcount, marketing spend or technology spend to keep revenue growing, eliminating scale benefits.
- Advertisers delay payments or reduce campaigns during a podcast ad slowdown, pressuring working capital before reported revenue fully rolls over.
- Future show acquisitions, talent deals or vendor obligations add liabilities without a corresponding lift in gross profit.
PODC news
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Financial statements
PODC income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.