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what it is
PodcastOne sells ads, branded shows, merch, and live events around podcasts.
how it gets paid
Last year Podcastone made $52M in revenue.
why it's growing
FY revenue grew 20.4% to ~$52M. A separate ~$46M print with +190% vs. prior year is a different period/window—do not merge it with FY without the filing label.
what just happened
One cited quarter: ~$46M revenue and EPS still negative (~-$0.08)—not the same as full-year ~$52M.
At a glance
C++ balance sheet — some cracks in the foundation
-$0.26 fy2024 eps est
$52M fy2024 rev est
-12.3% operating margin
0.8 beta
xvary composite: 32/100 — weak
What they do
PodcastOne sells ads, branded shows, merch, and live events around podcasts.
PodcastOne reaches more than 6 million monthly unique listeners and 17 million IAB monthly downloads. That is a lot of ears for 40 employees. Instant translation: IAB monthly downloads → industry-counted downloads → so what: advertisers buy proof, not vibes.
How they make money
$52M
annual revenue · their business grew +20.4% last year
total revenue
$52M
+20.4%
The products that matter
sells podcast ad inventory
Advertising Sales
$15.9M q3 revenue
This is the business. The latest quarter hit a record $15.9M in revenue, which matters because the entire company is valued at about $62M.
record quarter
builds and signs shows
Podcast Network
208 shows
The roster added four podcasts in March 2026, bringing the total to 208. More shows create more inventory. They do not guarantee more revenue unless listeners show up and advertisers pay for the audience.
scale bet
distributes across listening apps
Distribution Reach
1B+ monthly impressions
Management cites 1B+ monthly impressions across platforms like Apple and Spotify. That's reach. The number that matters next is how much of that reach turns into repeat ad dollars.
monetization test
Key numbers
$52M
annual revenue
You are buying a company that sold $52M last year while the market cap sits near $62M. That is one year of sales for almost the whole company.
-12.3%
operating margin
Negative operating margin: the business loses money at the operating line. Revenue is growing, but profit is still leaking.
17M
monthly downloads
More than 17 million IAB monthly downloads gives advertisers a measurable audience. Measurable reach is what audio sells.
0.8
beta
A beta of 0.8 means the stock has moved less than the market. Lower swing does not fix weak profits.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for PODC right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $46M, but EPS stayed at -$0.08.
Sales were up 190% vs. prior year to $46M, but the company still lost money per share. The top line is sprinting while the cost base still lags behind.
$46M
revenue
-$0.08
eps
190%
revenue growth
the number that mattered
Revenue hit $46M, up 190% vs. prior year, but EPS was still -$0.08. Growth is real; profit is not.
source: company earnings report, 2026
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What could go wrong
PodcastOne's risk stack is specific and unforgiving: a thin cash balance, a one-engine ad model, and a stock that trades like trust is still on probation.
high
show churn hits revenue fast
PodcastOne sells ads against audience attention. If a few larger shows leave, pause, or simply cool off, the ad inventory shrinks immediately.
With FY revenue near ~$52M and market cap near $62M, even a modest hit to ad inventory would matter.
high
the cash cushion is thin
The company reported $3.4M of cash and still posted negative EPS. That leaves little room for a quarter where ad demand slips or collections slow.
This is the line between a turnaround story and a financing problem.
med
ad budgets are cyclical
Podcast ads are discretionary spending. When marketers pull back, smaller networks usually feel it before the giants do.
Management is guiding to $5.5–$6.5M of adjusted EBITDA. A weaker ad market would pressure that target directly.
med
microcap trading adds a second layer of risk
A risk rank of 5 and price stability of 5 / 100 tell you this stock moves on very little. Beta at 0.8 does not protect you from company-specific volatility.
You are taking operating risk and trading risk at the same time.
Here's what would change our mind on the speculative turnaround case: adjusted EBITDA falling back below breakeven, revenue missing the low end of the $60–$62M guide, or cash slipping below the last reported $3.4M. Any of those would mean the business is still too fragile.
source: institutional data · regulatory filings · risk analysis
Pay attention to
guidance
full-year FY2026 results versus the new guide
Management raised the bar to $60–$62M of revenue and $5.5–$6.5M of adjusted EBITDA. Hitting it matters more than talking about it.
profitability
whether adjusted EBITDA stays positive
Q3 produced $2.8M of adjusted EBITDA after a $670K loss a year earlier. You want to see a pattern, not a one-quarter cameo.
liquidity
cash versus quarterly execution
The last reported cash figure was $3.4M. Your margin for error here is measured in quarters, not years.
network growth
whether more shows become more revenue
The roster reached 208 shows after four additions in March 2026. More content helps only if ad sales scale with it.
Analyst rankings
analyst target range
$3.00–$5.00
The average target sits near $4.33 versus a $2.21 stock price. In human-speak, analysts think the upside exists if the turnaround actually holds.
beta
0.8
Beta measures how much a stock tends to move with the market. At 0.8, PODC has moved a bit less than the index historically, but this is still a microcap with its own chaos.
price stability
5 / 100
That is a very low stability score. Translation: the trading can get rough even when business news is quiet.
source: institutional data
Institutional activity
institutional ownership data for PODC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
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