PodcastOne Q2 2024 EPS $(0.52) Down From $0.00 YoY; Revenue $10.516M Up From $$8.497M YoY
Portfolio Pulse from Benzinga Newsdesk
PodcastOne reported Q2 2024 earnings per share (EPS) of $(0.52), down from $0.00 YoY. Revenue for the quarter was $10.516M, up from $8.497M YoY. The company's operating loss was $(1.4) million compared to an operating income of $0.2 million in Q2 2023. The decrease in operating income was largely due to an increase in operating expenses.
November 09, 2023 | 1:42 pm
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NEGATIVE IMPACT
PodcastOne's Q2 2024 earnings report shows a decrease in EPS and an increase in revenue YoY. The company's operating loss increased due to higher operating expenses.
PodcastOne's decrease in EPS and increase in operating loss could negatively impact the company's stock price in the short term. The increase in revenue may not be enough to offset the negative impact of the increased expenses and loss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100