PodcastOne Pre-Announces Record Revenue And EBITDA; For 1H Fiscal 2024, Estimated Revenue Of $21M+, A 23% Increase With $600k Adjusted EBITDA; Q2 Revenue To Increase By 24% To ~$10.5M
Portfolio Pulse from Benzinga Newsdesk
PodcastOne, a subsidiary of LiveOne, pre-announced its record revenue and EBITDA for 1H Fiscal 2024. The company estimates a revenue of over $21M, marking a 23% increase, and an adjusted EBITDA of $600K. Q2 revenue is expected to increase by 24% to approximately $10.5M. These are preliminary and unaudited results and may be subject to adjustments.
October 24, 2023 | 2:14 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
As the parent company of PodcastOne, LiveOne could see a positive impact on its stock price due to PodcastOne's strong revenue and EBITDA pre-announcement.
As the parent company of PodcastOne, LiveOne's financial performance is directly influenced by PodcastOne's results. The strong revenue and EBITDA pre-announcement could therefore positively impact LiveOne's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
PodcastOne pre-announced strong revenue and EBITDA for 1H Fiscal 2024, which could positively impact its stock price in the short term.
The company's strong revenue and EBITDA pre-announcement indicates a positive financial performance, which could make the stock more attractive to investors, potentially driving up its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100