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Courtside Group Inc (PODC)
NASDAQ:PODC
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.11Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 08, 2024
|% Change Since: 45.83%
|Next Earnings Date:Nov 09, 2023
Earnings Call Sentiment|Neutral
The earnings call highlighted several strategic advancements and growth in revenue, but was counterbalanced by an increase in operating losses and negative adjusted EBITDA. New revenue streams and strategic hires are poised to support future growth, yet financial losses indicate challenges that need to be addressed.Company Guidance
During PodcastOne's fiscal second quarter 2025 earnings call, the company provided guidance for the full fiscal year, projecting revenues to be at least $51 million, representing a minimum increase of 17% compared to the previous fiscal year. The company also anticipates achieving positive adjusted EBITDA for the year. In the second quarter of fiscal 2025, the company reported a 16% increase in revenue to $12.2 million, up from $10.5 million in the same quarter of the previous year, despite experiencing an operating loss of $1.7 million, which was primarily attributable to higher non-cash stock-compensation expenses. Net loss for the quarter stood at $1.7 million, or $0.07 per basic and diluted share, significantly improved from a net loss of $10.9 million, or $0.52 per share, year-over-year due to a prior non-cash charge of $8.9 million. The company ended the quarter with no debt and $1.4 million in cash and cash equivalents.Revenue Growth
Revenue in the fiscal second quarter of 2025 increased 16% to $12.2 million, compared to $10.5 million in the same year ago quarter.
New Revenue Streams
Introduced PodcastOne Pro and launched paywalls with Apple+, Substack, Supporting Cast, diversifying revenue streams and showing significant traction.
Rank in Podcast Market
PodcastOne is ranked number 12 among all U.S. podcast publishers, ahead of major media conglomerates like CNN and Fox Audio Network.
Strategic Hires
Significant hires include Jim Lally as Head of Business Development and Steve Lehman as Vice Chairman to drive growth and M&A.
Debt-Free Position
Ended the fiscal second quarter with no debt on the balance sheet and $1.4 million in cash and cash equivalents.
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PODC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PODC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.44 | $1.44 | 0.00% |
| Aug 13, 2024 | $1.62 | $1.50 | -7.41% |
| May 30, 2024 | $1.90 | $1.90 | 0.00% |
| Feb 08, 2024 | $1.86 | $1.82 | -2.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Courtside Group Inc (PODC) report earnings?
Courtside Group Inc (PODC) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Courtside Group Inc (PODC) earnings time?
Courtside Group Inc (PODC) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PODC EPS forecast?
PODC EPS forecast for the fiscal quarter 2025 (Q3) is -0.05.
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