Courtside Group Inc (PODC)
NASDAQ:PODC
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Courtside Group Inc
(NASDAQ:PODC)
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Rating:61Neutral
Price Target:
$2.00
▼(-33.33% Downside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by improved financial trajectory (strong TTM revenue rebound, positive operating/free cash flow, and very low leverage) and a constructive earnings call highlighting record revenue and positive adjusted EBITDA. These positives are tempered by continued GAAP unprofitability with thin gross margins, mixed/neutral technical setup with negative MACD, and a weak valuation signal due to negative earnings and no dividend yield.
Positive Factors
Revenue growth and scale
A sustained revenue rebound to roughly $60.1M TTM and a record quarter ($15.9M) indicate expanding audience reach and advertiser demand. Greater scale strengthens competitive positioning in programmatic ads and sponsorships, improving long-term monetization potential and bargaining power with partners.
Negative Factors
GAAP unprofitability and thin gross margins
Persisting GAAP losses and a low ~11.5% gross margin signal limited pricing power or high direct content costs. Until gross margins expand sustainably, earnings and return on equity will remain pressured, constraining the firm's ability to fund growth internally over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and scale
A sustained revenue rebound to roughly $60.1M TTM and a record quarter ($15.9M) indicate expanding audience reach and advertiser demand. Greater scale strengthens competitive positioning in programmatic ads and sponsorships, improving long-term monetization potential and bargaining power with partners.
Read all positive factors
Courtside Group Inc (PODC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$60.57M
Dividend YieldN/A
Average Volume (3M)57.93K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth20.01%
EPS Growth27.28%
CountryUS
Employees40
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.01
Shares Outstanding27,160,114
10 Day Avg. Volume23,621
30 Day Avg. Volume57,931
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)2.59
Price to Sales (P/S)0.75
P/FCF Ratio-107.25
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue0.95
Enterprise Value/Gross Profit8.29
Enterprise Value/Ebitda-18.81
Forecast
1Y Price Target
$5.00Price Target Upside66.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.03
Revenue Forecast (FY)$72.33M
Courtside Group Inc Business Overview & Revenue Model
Company Description
PodcastOne, Inc. operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcas...
How the Company Makes Money
Courtside Group Inc. generates revenue primarily through advertising and sponsorship deals integrated into its podcast content. Advertisers pay the company to access its extensive audience base, often through dynamically inserted ads tailored to l...
Courtside Group Inc Key Performance Indicators (KPIs)
Courtside Group Inc Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q3-2026)
| Next Earnings Date:May 28, 2026
Earnings Call Sentiment Positive
The call was predominantly positive: management reported a record revenue quarter, a swing to record positive adjusted EBITDA (+$3.47M vs. year-ago) and dramatic reductions in operating and net losses (≈90% improvement). Strategic initiatives — notably the Dr. Phil partnership, multiple talent renewals, expansion of AI and data capabilities, growth in PodRoll, original IP licensing wins and a pipeline of TV/streaming opportunities — support a favorable growth and monetization outlook. Offsetting items include reliance on a one-off contribution to margins this quarter, increased stock-based compensation (~$2M YoY with ~$1.4M in cost of sales), typical advertiser seasonality that could depress near-term revenue (Q1), and a relatively modest cash balance ($3.4M). On balance, the strength and breadth of operational and monetization improvements and strategic deals meaningfully outweigh the identified risks and one-off-related uncertainty.Positive Updates
Record Quarterly Revenue
Revenue in fiscal Q3 2026 was a record $15.9 million, driven by higher advertising revenue and monetization initiatives.
Negative Updates
Small Remaining Net Loss and Operating Loss
Despite large improvements, the company remained unprofitable on a GAAP basis in the quarter (net loss $154,000; operating loss $153,000), indicating profitability is near-term but not fully realized on GAAP basis.
Read all updates
Q3-2026 Updates
Positive
Negative
Record Quarterly Revenue
Revenue in fiscal Q3 2026 was a record $15.9 million, driven by higher advertising revenue and monetization initiatives.
Read all positive updates
Company Guidance
Management guided that despite a strong fiscal Q3 (record revenue $15.9M; adjusted EBITDA $2.8M; operating loss $153k; net loss $154k, or -$0.01/share; cash $3.4M; no debt), the March quarter is expected to show the normal seasonal ad slowdown (Jan–Feb) that drives a Q4 guidance profile implying a meaningful deceleration (the low end could be down), though they believe they will likely at least match or beat last year’s comparable quarter; adjusted EBITDA is expected to continue and gradually climb in future quarters (the Q3 one‑off was not the sole driver), G&A should remain at current levels, cost of sales improvements included one‑time benefits and may normalize, PodRoll revenue grew >5% quarter‑over‑quarter, and stock‑based compensation increased roughly $2.0M year‑over‑year (about $1.4M recorded in cost of sales).Courtside Group Inc Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2024 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.10M | 52.12M | 43.30M | 34.65M | 32.35M | 23.84M |
| Gross Profit | 6.91M | 3.53M | 5.98M | 7.07M | 6.08M | 5.56M |
| EBITDA | -3.05M | -4.76M | -11.28M | -1.97M | -2.96M | -2.65M |
| Net Income | -4.02M | -6.46M | -14.73M | -6.97M | -3.60M | -3.26M |
Balance Sheet | ||||||
| Total Assets | 24.70M | 21.20M | 24.13M | 28.23M | 23.93M | 25.33M |
| Cash, Cash Equivalents and Short-Term Investments | 3.42M | 1.08M | 1.45M | 3.56M | 1.10M | 3.37M |
| Total Debt | 192.00K | 0.00 | 0.00 | 7.16M | 0.00 | 1.10M |
| Total Liabilities | 8.94M | 6.05M | 7.78M | 21.11M | 10.84M | 11.16M |
| Stockholders Equity | 15.76M | 15.14M | 16.34M | 7.12M | 13.09M | 14.16M |
Cash Flow | ||||||
| Free Cash Flow | 2.84M | -366.00K | 883.00K | -4.92M | -2.27M | -238.00K |
| Operating Cash Flow | 2.87M | -212.00K | 2.21M | -4.70M | -1.99M | -150.00K |
| Investing Cash Flow | -21.00K | -154.00K | -1.33M | -219.00K | -283.00K | 1.20M |
| Financing Cash Flow | 0.00 | 0.00 | -3.00M | 7.38M | 0.00 | 1.07M |
Courtside Group Inc Technical Analysis
Negative
3.00
Price Trends
2.48
Negative
2.42
Negative
2.14
Negative
Market Momentum
-0.10
Positive
39.63
Neutral
29.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PODC, the sentiment is Negative. The current price of 3 is above the 20-day moving average (MA) of 2.25, above the 50-day MA of 2.48, and above the 200-day MA of 2.14, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 39.63 is Neutral, neither overbought nor oversold. The STOCH value of 29.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PODC.
Courtside Group Inc Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $60.57M | -107.86 | -26.67% | ― | 20.01% | 27.28% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $71.94M | -25.25 | -175.73% | ― | -37.41% | 60.58% | |
55 Neutral | $62.58M | -16.19 | 0.09% | ― | 7.12% | 78.68% | |
50 Neutral | $66.81M | -8.99 | -10.39% | ― | 105.31% | 95.66% | |
42 Neutral | $23.37M | -0.32 | -76.93% | ― | ― | ― | |
41 Neutral | $35.66M | -3.13 | -48.57% | ― | -42.49% | 38.75% |
* Communication Services Sector Average
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Courtside Group Inc Corporate Events
Business Operations and StrategyFinancial Disclosures
Courtside Group Lifts Outlook After Record Quarterly Results
Positive
Feb 12, 2026
PodcastOne reported record financial results on February 12, 2026 for its third quarter and first nine months of fiscal 2026 ended December 31, 2025, highlighted by Q3 revenue of $15.9 million, up 25% year over year, and adjusted EBITDA of $2.8 mi...
Business Operations and StrategyFinancial Disclosures
Courtside Group Sees Record Q3 Results, Raises Guidance
Positive
Jan 23, 2026
On January 23, 2026, PodcastOne announced that it expects record preliminary results for its third fiscal quarter ended December 31, 2025, and for the nine-month period then ended, highlighting sharp year-over-year growth in revenue and Adjusted E...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.