PodcastOne Sees Q4 Revenue $11.7M Vs $10.71M Est.; FY24 Revenue $43.3M Vs $42.3M Est.; FY25 Revenue $50M-$55M Vs $50.44M Est.
Portfolio Pulse from Benzinga Newsdesk
PodcastOne (NASDAQ:PODC), a subsidiary of LiveOne (NASDAQ:LVO), announced its Q4 FY24 and FY24 preliminary results, surpassing revenue estimates with $11.7M and $43.3M respectively, and projecting FY25 revenues between $50M-$55M. The company added 30 new podcasts in FY24, entered a B2B partnership with a Fortune 250 company, and sold TV rights for 'Vigilante'. A live conference call is scheduled for May 30, 2024.

April 24, 2024 | 12:11 pm
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POSITIVE IMPACT
LiveOne, as the parent company of PodcastOne, benefits from PODC's strong performance, with anticipated positive impacts from its subsidiary's revenue growth and strategic expansions.
LiveOne's stock is likely to see a positive impact due to PodcastOne's performance, as successful subsidiaries contribute to the parent company's overall financial health and market perception.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
PodcastOne exceeded Q4 and FY24 revenue estimates, expects FY25 revenues between $50M-$55M, added 30 new podcasts, and secured a significant B2B partnership.
Exceeding revenue estimates and providing a positive FY25 outlook, along with strategic partnerships and content expansion, are strong indicators of growth, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100