PodcastOne reports Q3 EPS (6c) vs. (11c) last year

Reports Q3 revenue $12.7M, consensus $13.08M. “The recent migration and partnership with Amazon’s ART19 hosting platform marks a major evolution for PodcastOne (PODC) that enhances operational efficiencies while strengthening our monetization capabilities and audience engagement”, said Kit Gray, President and Co-Founder of PodcastOne. “This strategic move positions us to better serve advertisers and maximize the value of our content across our growing network. PodcastOne remains committed to delivering premium content while expanding our host and advertiser relationships. To date, we have grown our programming slate to 196 shows and surpassed 3.9 billion network downloads through key expansion deals, including our collaboration with A&E’s The History Channel, and the renewal of flagship podcasts hosted by Adam Carolla, Brendan Schaub, and Kaitlyn Bristowe. Looking ahead, we are focused on leveraging our leadership position in podcasting to drive sustainable growth through organic expansion, acquisitions, and strategic initiatives, creating long term value for our creators, partners, and shareholders.”