PODC — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-06-29

• PodcastOne is a leading advertiser-supported, on-demand digital audio network that provides creators and advertisers with a comprehensive 360-degree solution in sales, marketing, public relations, production, and distribution. PodcastOne has surpassed 3.9 billion total downloads with a community of …

• The increase in the number of podcast downloads can be attributed to the increase in the number of podcasts in our podcast network.

• Partner with New Distribution Platforms from Day One ⸺ Being on the ground floor of a developing platform is another key to our growth strategy. This allows for more discoverability and exclusive feature opportunities.

• Advertising Solutions for Partners ⸺ Our Ad-Supported Service has grown from $52.1 million in revenue for the year ended March 31, 2025 to $61.7 million in revenue for the year ended March 31, 2026, representing an increase of 18%. As more audio content is created and converting listeners to buyers,…

Text removed vs the prior filing · source: 10-K · 2025-07-02

• PodcastOne is a leading advertiser-supported, on-demand digital audio network. With a 360-degree solution, including content creation, brand integration and distribution, PodcastOne sees more than 436 million downloads annually, across 275 episodes produced weekly. Today, a large global audience has…

• The decrease in the number of podcast downloads can be attributed to due largely to modified download behavior by Apple iOS 17 as it continues to be adopted by podcast listeners, as well as the departure of non-revenue generating partner networks from our podcast network.

• Partner with New Distribution Platforms from Day One ⸺ Being on the ground floor of a developing platform is another key to our growth strategy. This allows for more discoverability and exclusive feature opportunities. When Facebook launched their audio platform, PodcastOne shows were a part of the …

• Advertising Solutions for Partners ⸺ Our Ad-Supported Service has grown from $43.3 million in revenue for the year ended March 31, 2024 to $52.1 million in revenue for the year ended March 31, 2025, representing an increase of 20%. $8.2 million or 94% of the increase can be attributed to our single …

Text added vs the prior filing · source: 10-K · 2026-06-29

• As reflected in our consolidated financial statements included elsewhere herein, we have a history of losses, incurred significant operating and net losses in each year since our inception, including net losses of $2.6 million and $6.5 million for the fiscal years ended March 31, 2026 and 2025, resp…

• The likelihood of our success must be considered in light of the problems, expenses, difficulties, complications and delays frequently encountered by a growing company, the difficulties that may be encountered with integrating acquired companies and the highly competitive environment in which we ope…

• Our ability to meet our total liabilities of $8.3 million as of March 31, 2026, and to continue as a going concern, is dependent on our ability to increase revenue, reduce costs, achieve a satisfactory level of profitable operations, obtain additional sources of suitable and adequate financing and f…

• LiveOne may not have the ability to repay the amounts then due under its Debentures at maturity. If LiveOne does not comply with the provisions of its Debentures agreements, the senior lenders may, among other things, terminate their obligations to LiveOne, accelerate its debt and/or require us to r…

• On May 19, 2025 (the “Closing Date”), LiveOne and our Company entered into a Securities Purchase Agreement (the “SPA”) with certain institutional investors (each, a “Purchaser” and collectively, the “Purchasers”), pursuant to which (i) LiveOne sold to the Purchasers Original Issue Discount Senior Se…

Text removed vs the prior filing · source: 10-K · 2025-07-02

• For the fiscal year ended March 31, 2024, our management concluded that our disclosure controls and procedures and our internal control over financial reporting were not effective. If we are unable to establish and maintain effective disclosure controls and internal controls over financial reporting…

• As reflected in our consolidated financial statements included elsewhere herein, we have a history of losses, incurred significant operating and net losses in each year since our inception, including net losses of $6.5 million and $14.7 million for the fiscal years ended March 31, 2025 and 2024, res…

• Wildfires and Other Natural Disasters in and Around Los Angeles May Disrupt Our Operations and Adversely Impact Our Business.

• Our headquarters and a significant portion of our operations are located in Los Angeles, a region prone to wildfires and other natural disasters such as earthquakes and power outages. Wildfires, in particular, pose a material risk to our physical infrastructure, employee safety, and overall business…

• In the event of a wildfire, our offices or facilities may suffer physical damage or experience operational interruptions due to evacuations, smoke contamination, or power grid failures. Such disruptions could impede our ability to maintain service availability, impacting user experience and leading …

Text added vs the prior filing · source: 10-K · 2026-06-29

• Certain statements contained in this Annual Report that are not statements of historical fact constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995, notwithstanding that such statements are not specifically identified. These forward-looking statem…

• On September 8, 2023, we completed our spin-out from LiveOne and our direct listing on The Nasdaq Capital Market (the “Spin-Out”) and our shares of common stock began trading on the Nasdaq under the symbol of “PODC”. On September 21, 2023, we changed our corporate name to “PodcastOne, Inc.” After th…

• The increase in the number of podcast downloads can be attributed to the increase in the number of podcasts in our podcast network.

• Revenue increased $9.6 million, or 18%, for our fiscal year ended March 31, 2026 ("fiscal 2026") compared to our year ended March 31, 2025 ("fiscal 2025"). The increase in revenue was primarily due to growth in direct ad revenue of $6.3 million and an increase in barter revenue of $3.0 million due t…

• Other income (expense), net decreased $2,000, or 100%, for fiscal 2026 compared to fiscal 2025. The change was not deemed significant.

Text removed vs the prior filing · source: 10-K · 2025-07-02

• Certain statements contained in this Annual Report that are not statements of historical fact constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995, notwithstanding that such statements are not specifically identified. These forward-looking statem…

• After the completion of the spin-out of our Company from LiveOne the ("Spin-Out"), we became a standalone publicly traded company trading on The NASDAQ Capital Market under the symbol “PODC”. We remain a majority owned subsidiary of LiveOne, a Nasdaq listed company. We intend to mitigate risk by acq…

• The decrease in the number of podcast downloads can be attributed to due largely to modified download behavior by Apple iOS 17 as it continues to be adopted by podcast listeners, as well as the departure of non-revenue generating partner networks from our podcast network.

• Other income (expense), net consists primarily of interest expense and gain/losses on derivatives.

• Revenue increased $8.8 million, or 20%, for our fiscal year ended March 31, 2025 ("fiscal 2025") compared to our year ended March 31, 2024 ("fiscal 2024"). The increase in revenue was primarily due to the increase in advertising inventory. $8.2 million or 94% of the increase can be attributed to our…