Courtside Group Inc ( (PODC) ) has released its Q3 earnings. Here is a breakdown of the information Courtside Group Inc presented to its investors.
PodcastOne, a prominent podcast platform, offers a comprehensive solution for creators and advertisers in podcast sales, marketing, and distribution, boasting a network that reaches over a billion monthly impressions across various channels.
In its latest earnings report, PodcastOne announced a notable 22% increase in revenue for the third quarter of Fiscal 2025, reaching $12.7 million. The company also reported achieving a record nine-month revenue of $38.0 million, highlighting its expanding content slate and audience reach.
Key financial highlights include the strategic partnership with Amazon’s ART19 to enhance hosting services, which is expected to drive growth and deliver better results for advertisers. The company has also expanded its programming to 196 shows and achieved over 3.9 billion network downloads. Despite an operating loss of $1.6 million for the quarter, this marks an improvement from the $2.6 million loss in the previous year. The net loss per share reduced to $(0.06) from $(0.11) compared to the previous year.
Looking ahead, PodcastOne reaffirms its guidance for Fiscal 2025, expecting at least a 17% increase in revenue to a minimum of $51.0 million, aiming for positive Adjusted EBITDA. The management remains optimistic about leveraging its leadership in podcasting to drive sustainable growth through organic expansion and strategic initiatives.