PodcastOne reports Q4 EPS (6c) vs. (5c) last year

Reports Q4 revenue $14.1M vs. $11.7M last year. “PodcastOne (PODC) continues to be a podcast industry giant and our top 10 network ranking is reflective of the dedication and passion of our C-suite, the innovative approach of our employees in all aspects of our business from technology and marketing to ad sales and development and the authenticity and appeal of our dynamic and award-winning talent,” said Kit Gray, President. “Our hosts continue to be headline makers and drivers of news cycles including native Angeleno Adam Carolla, whose outspoken criticism of the handling of the devastating southern California wildfires gave real time context and perspective to audiences through his daily podcast. Our commitment to growing our existing relationships was evidenced in our expansion of Kail Lowry’s KILLR Network of programming with the launch of Cate and Ty Break It Down. Lowry’s slate of programming with PodcastOne now includes five shows across multiple genres and garnered a third consecutive Webby Award nomination and win for the network. “PodcastOne has been able to uniquely leverage our infrastructure and acumen to support podcast tours such as LadyGang’s LadyWorld, an upcoming first of its kind podcast and pop culture festival, and Jackie Schimmel’s Dim The Lights tour. In the coming months we will continue to develop new channels of monetization and innovative methods to increase audience growth to the benefit of our productions, our advertising partners and our shareholders.”