PodcastOne, Inc. reported its financial results for the second quarter of fiscal year 2026, revealing a revenue increase of 24.6% to $15.2 million for the three months ended September 30, 2025, compared to $12.2 million for the same period in 2024. For the six months ended September 30, 2025, revenue reached $30.2 million, up from $25.3 million in the prior year. Despite the revenue growth, the company recorded a net loss of $975,000 for the quarter, an improvement from a loss of $1.7 million in the same quarter last year. The net loss for the six-month period was $2.0 million, compared to $3.0 million in the previous year.
The company’s operating expenses increased to $16.1 million for the three months ended September 30, 2025, up from $13.8 million in the same period last year. This rise in expenses was primarily driven by higher costs of sales, which increased to $13.5 million from $11.1 million, and general and administrative expenses, which rose to $1.8 million from $1.5 million. The increase in costs reflects the company's ongoing investments in its podcasting platform and marketing efforts. PodcastOne's total assets as of September 30, 2025, were $22.6 million, a slight increase from $21.2 million at the end of the previous fiscal year.
In terms of strategic developments, PodcastOne has been actively pursuing partnerships to enhance its content offerings. Notably, the company entered into a three-year Enterprise Service and Advertising Agreement with ART19 LLC, a subsidiary of Amazon.com, which is expected to generate a minimum guarantee of $15 million over the term of the agreement. This partnership aims to leverage PodcastOne's extensive library of podcasts to drive additional monetization opportunities. Additionally, the company has made significant changes in its executive team, including new employment agreements for its President and Chief Revenue Officer, aimed at strengthening leadership and operational execution.
Operationally, PodcastOne reported a slight decrease in accounts receivable, which totaled $6.1 million as of September 30, 2025, down from $6.2 million at the end of March 2025. The company’s cash and cash equivalents increased significantly to $2.7 million from $1.1 million, indicating improved liquidity. However, PodcastOne continues to face challenges with an accumulated deficit of $38.1 million, raising concerns about its long-term financial sustainability. The company is actively seeking additional financing sources to support its operations and growth initiatives.
Looking ahead, PodcastOne's management expressed cautious optimism about future performance, emphasizing the importance of securing additional funding to maintain operations and meet liquidity needs. The company anticipates that existing cash resources may not be sufficient to support its business operations beyond November 2026 without additional financing. As such, management is focused on exploring various financing options and partnerships to bolster its financial position and continue its growth trajectory in the competitive podcasting market.
About PodcastOne, Inc.
PodcastOne, Inc. is a leading podcast platform and publisher offering on-demand audio content across various verticals. It produces, distributes, and monetizes podcasts through advertising, brand integrations, and live events. Serving a global audience, it leverages proprietary technology and creator partnerships to attract listeners and advertisers, generating revenue primarily from ad sales. Its business model focuses on content creation, distribution, and targeted advertising in the growing digital audio industry.
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