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    PODC
    Earnings call· Mar 2026(Q4 FY26)

    PodcastOne Q4 FY26 earnings call PODC

    Jun 24, 2026 Source

    Executive summary

    PodcastOne Q4 FY26 — Strong Revenue Growth and Profitability Turnaround

    PodcastOne concluded fiscal 2026 with robust financial performance, marked by significant revenue growth and a strong profitability turnaround driven by strategic content partnerships, AI-powered operational efficiencies, and expanding monetization channels. The company is actively pursuing M&A opportunities and talent acquisitions to further scale its platform, aiming for substantial revenue milestones in the coming years. Management remains confident in the podcast industry's growth trajectory and PodcastOne's position to capitalize on increasing advertiser demand and audience engagement.

    Highlights

    5
    • Q4 FY26 revenue was $15.7 million, contributing to an 18% full-year revenue increase to $61.7 million.

    • Q4 FY26 operating loss significantly improved to $460,000, down from $1.8 million in the prior year quarter.

    • Adjusted EBITDA for Q4 FY26 reached $1.9 million, up from $888,000 year-over-year.

    • Full-year FY26 Adjusted EBITDA turned positive at $6.3 million, compared to negative $0.5 million in FY25.

    • Programmatic advertising revenue more than doubled in Q4 FY26 compared to the prior year period.

    Concerns

    1
    • Initial challenges with Amazon sales platform integration

    Guidance & targets

    3
    CategoryTargetConfidence
    Future Revenue Milestones
    Break $50 million, then $60 million, and target $100 million
    high materiality
    High
    Non-employee stock-based compensation
    More over the next 12 to 24 months
    medium materiality
    High
    Live One Stock Buybacks
    Continue to buy back a substantial amount of Podcast One stock every quarter
    high materiality
    High

    Operational metrics

    14
    Adjusted EBITDA
    $1.9 millionvs $888,000 in Q4 FY25
    Q4 FY26

    Driven by revenue growth and contribution margin improvement.

    Adjusted EBITDA
    $6.3 millionvs negative $0.5 million in FY25
    FY26

    Full-year positive Adjusted EBITDA.

    Cash and cash equivalents
    $3.5 millionno debt on the balance sheet
    End of Q4 FY26

    Balance at the end of the fiscal fourth quarter.

    Programmatic advertising revenue growth
    more than doubledcompared to the same January through March period of the prior year
    Q4 FY26

    Reflecting growing advertiser demand and success of technology-enabled solutions.

    Net loss per basic and diluted share
    negative two centsvs negative nine cents in Q4 FY25
    Q4 FY26

    Net loss for the fiscal fourth quarter.

    Net loss per basic and diluted share
    negative 10 centsvs negative 26 cents in FY25
    FY26

    Net loss for the full fiscal year.

    Total revenue
    $61.7 millionincreased 18% compared to $52.1 million in FY25
    FY26

    Full-year revenue growth.

    Total revenue
    $15.7 million
    Q4 FY26

    Revenue for the fiscal fourth quarter.

    Total podcast listening time increase
    386%
    Since 2016

    Industry research on podcast listening time growth.

    Total podcast listening hours
    800 million
    Current

    Industry research on current podcast listening volume.

    Number of shows
    185-200
    Current

    Approximate number of shows on the PodcastOne network.

    M&A valuation multiple (OpenAI)
    13.5x
    Recent

    OpenAI paid this multiple for a podcast network, indicating high industry valuations.

    M&A valuation multiple (Fox)
    huge multiples
    Recent

    Fox paid this for two major networks, including Vox, indicating high industry valuations.

    YouTube viewing percentage
    22%
    Current

    Analyst estimate for YouTube's share of viewing, mentioned in context of PodTrak data limitations.

    Industry KPIs

    3
    MetricValueDetails
    ARPU armhigher
    Paid members subscribers7th largestrank
    Content spend title performanceMel Robbins on Off the Vine, Jerry Seinfeld on The Adam Parole Show, Robert F. Kennedy Jr. on the Latin Parole Show, Meredith Marks on Let Me Save You 25 Years, and Morgan Stewart on Instagaze

    Product announcements

    4
    ProductTypeDetails
    Wellness Cafelaunch
    No Filter with Zach Peterlaunch
    The Michelle Collins Showlaunch
    It's Okay, We're All going to Die with Nurse Julielaunch

    Deals & partnerships

    1
    Amazon (R-19)Strategic Partnership

    Partnership for technology and sales platform integration, which had a 'bumpy start' but is now performing well.

    Risks & headwinds

    1
    Initial challenges with Amazon sales platform integrationFirst couple of months of integration

    Not quantified, described as 'a little bit of a bumpy start'

    Mitigation: Company is now 'hitting its stride' with the platform, seeing positive trends in sell-out percentages and CPMs.

    Q&A highlights

    10

    How should we interpret the move to number seven in PodTrak rankings, distinguishing between real growth and industry consolidation?

    Kit Gray explained that while PodTrak is a good reference for industry standing and talent acquisition, it's a cyclical measure influenced by factors like sports seasons. The company's true focus is on internal metrics like show growth, CPMs, and fill rates, which are the real drivers of revenue.

    But at the end of the day, that's not where we're paid, and that's not where we make our money. Our money is on, are the shows growing? Are we getting our CPMs higher? Are we getting our fill rates higher?

    asked by Sean McGowan · answered by Kit Gray

    2 min read6 chapters

    Detailed Narrative

    01

    AI-Powered Infrastructure and Operations

    PodcastOne leverages a comprehensive AI toolkit to enhance performance across its business. 'Flight Path' drives predictive profitability, 'Booster' manages advertising and proposal recommendations, 'Vigelant AI' powers advertising attribution, and 'Opus Pro' converts long-form video into short-form content for audience growth. These tools support show growth, audience monetization, and operational efficiency, with the team constantly using AI-based search components for talent discovery and trend matching.

    02

    Content Portfolio Expansion and Talent Partnerships

    The company expanded its content portfolio in Q4 FY26 by adding established creator-led podcasts like 'Wellness Cafe,' 'No Filter with Zach Peter,' and 'The Michelle Collins Show,' broadening its reach in lifestyle, entertainment, and culture. Investment in original content continued with the launch of 'It's Okay, We're All going to Die with Nurse Julie.' High-profile guests such as Jerry Seinfeld and Robert F. Kennedy Jr. appeared on network shows, demonstrating the platform's relevance and influence.

    03

    Monetization and Advertising Platform Growth

    PodcastOne's monetization platform delivered strong results, with programmatic advertising revenue more than doubling year-over-year in Q4 FY26. This growth reflects increasing advertiser demand for premium podcast inventory and the success of the company's technology-enabled advertising solutions, including dynamic ad insertion, inventory expansion, audience targeting, and automated buying capabilities. The company is well-positioned to capture growing digital audio and podcasting ad budgets through both direct sales and programmatic channels.

    04

    Industry Standing and Market Trends

    PodTrack ranked PodcastOne as the seventh largest podcast publisher in the United States during Q4 FY26, indicating continued audience growth and platform scale. The broader podcast industry shows strong momentum, with total listening time increasing approximately 386% since 2016, now exceeding 800 million listening hours per week. This sustained growth in audience engagement, video podcasting, and advertiser adoption reinforces the company's belief in podcasting as a compelling and fast-growing digital media segment.

    05

    Strategic Growth Initiatives and M&A

    PodcastOne is actively evaluating M&A opportunities, including smaller and larger podcast companies, to strengthen its platform and expand creator offerings. The talent acquisition pipeline remains robust, partly due to the company's unique stock-based compensation model and the industry's consolidation trend. Management believes these strategic initiatives, alongside technology and content development, will drive significant growth and enhance long-term shareholder value.

    06

    Amazon Relationship Update

    The partnership with Amazon and R-19 has been beneficial, providing significant technological efficiencies and access to Amazon's sales platform. After an initial 'bumpy start' in getting set up, the relationship is now hitting its stride, with sell-out percentages and CPMs moving in the right direction. The company anticipates that acquiring more shows and networks could further elevate its minimum guarantee thresholds with Amazon.

    AI-generated summary of the company’s earnings call. Not investment advice.