Here are 1-3 brief analogies for PodcastOne (PODC):

• Netflix for podcasts: PodcastOne produces and distributes original audio and vodcast content, similar to how Netflix creates and offers original video series.
• YouTube for audio: Like YouTube serves as a platform for both professional content creators and self-publishers (via LaunchPadOne), PodcastOne does the same for the podcasting world.
• SiriusXM for the on-demand generation: PodcastOne provides a broad array of curated and original audio entertainment, akin to how SiriusXM provides diverse audio channels, but tailored for the modern, on-demand podcast listener.

• Podcast Production & Publishing: Creating and distributing audio podcasts across various platforms for audiences.
• Vodcast Production: Producing and distributing video podcasts, often accompanying audio-only versions.
• Branded Podcast Production: Developing custom podcasts for advertisers and brands to deliver sponsored content.
• Merchandise: Selling branded goods and merchandise related to its podcasts and personalities.
• Live Events: Organizing and hosting live events featuring podcast personalities and content.
• LaunchPadOne: A self-publishing platform that allows independent creators to host and distribute their own podcasts.

• Advertisers: These are companies across various industries (e.g., consumer packaged goods, technology, automotive, financial services, entertainment) that purchase advertising slots or sponsorships on PodcastOne's network of podcasts and vodcasts to reach specific audience demographics.
• Brands and Businesses for Branded Podcasts: These are companies that engage PodcastOne to produce custom, proprietary "branded podcasts" and vodcasts as part of their marketing or content strategy. PodcastOne leverages its production expertise to create content tailored to the client's brand message and objectives.
• Podcasters and Content Creators: Through its LaunchPadOne platform, PodcastOne serves individual podcasters and smaller businesses who utilize the self-publishing tools and services (such as hosting, distribution, and analytics) provided by the platform. These customers pay fees for the use of these services.

Robert S. Ellin, Executive Chairman and Chief Executive Officer

Robert S. Ellin is the Founder, CEO, and Chairman of LiveOne, Inc., PodcastOne's parent company, which he founded in 2015, took public in 2017, and through which he led the acquisition of Slacker Radio. He also founded and manages Trinad Management, a Los Angeles-based hedge fund. Ellin has a history of launching, selling, and taking numerous ventures public. Prior to LiveOne, he served as Chairman of Digital Turbine, which he helped take public, and ran and sold the Internet media company iWon to Barry Diller's IAC. His career began in finance, working at Eli Rothschild and Lombard Securities. Additionally, he served as Founder, Director, and Executive Chairman of Mandalay Digital Group, Inc., President of S&S Industries, Inc., and founded Atlantis Equities, Inc. for small-cap investments.

Ryan Carhart, Chief Financial Officer, Vice President, Controller, Treasurer and Secretary

Ryan Carhart serves as the Chief Financial Officer, Vice President, Controller, Treasurer, and Secretary for both PodcastOne and its parent company, LiveOne. He is a seasoned financial professional with extensive experience in financial reporting, corporate strategy, mergers and acquisitions, and public company compliance. Before his current roles, Carhart was the Chief Financial Officer at AUDIENCEX, an AI-powered digital ad partner, where he guided the company through its acquisition by Vado Corp. He also served as the Senior Director of Finance and Controller at MNTN, an advertising software builder. Carhart previously worked at PricewaterhouseCoopers, specializing in the technology and communications industries.

Kit Gray, President and Co-founder

Kit Gray co-founded PodcastOne in 2012, recognizing early the potential of the podcast medium and developing a network-talent partnership structure that became an industry model. His success in the industry led to a partnership with Norm Pattiz, founder of Westwood One. Prior to co-founding PodcastOne, Gray spent nearly two decades in media sales, including extensive work for a division of iHeartMedia in major markets. He was named Seller of the Year for Katz Media Group in 2005. Gray was also among the first to sell mobile advertising campaigns for Verizon Wireless and online digital streaming networks for Clear Channel.

Steve Lehman, Vice Chairman

Steve Lehman focuses on driving both organic and inorganic growth opportunities, as well as advising on mergers and acquisitions for PodcastOne. He brings extensive experience from leading publicly traded companies and has served on numerous boards and advisory boards. Lehman was the Founder, Chairman, and CEO of Premiere Networks (Nasdaq), which later became part of iHeartRadio. His past involvement includes companies such as Vymedic Biotech, Valkyrie Bitcoin ETF, CoFoundersLab, and DocuSign.

Sue McNamara, Chief Revenue Officer

Sue McNamara serves as the Chief Revenue Officer for PodcastOne.

The key risks to PodcastOne's business include its ability to continue as a going concern, its reliance on the advertising market and key talent, and the intense competition and evolving technological landscape within the podcast industry.

1. Going Concern and Liquidity: Auditors have expressed substantial doubt about PodcastOne's ability to continue operations due to recurring losses and low liquidity, indicating a critical need for additional financing.
2. Reliance on Advertising Market and Key Talent: PodcastOne's business is heavily dependent on the advertising market for revenue, making it vulnerable to economic downturns or shifts in advertiser demand. Furthermore, the company's performance is significantly tied to its popular podcasts and talent, and the loss or underperformance of these could adversely affect its operations.
3. Intense Competition and Industry/Technological Risks: PodcastOne operates in a highly competitive environment, facing significant challenges from larger technology and media companies. The company is also subject to broader industry and technological risks, including changes in listener behavior, the impact of artificial intelligence, and evolving ad-tech integration.

The increasing vertical integration and investment in exclusive content by major podcast distribution platforms such as Spotify, Apple Podcasts, and Amazon Music represents a clear emerging threat. As these dominant platforms acquire studios and secure exclusive content deals, they gain significant control over the podcast ecosystem, including audience discoverability and monetization. This trend can marginalize independent publishers like PodcastOne, who rely on these platforms for content distribution and audience reach. The potential for these platforms to prioritize their own exclusive content, alter algorithms, or change revenue-sharing models could severely impact PodcastOne's ability to compete and monetize its content effectively.

PodcastOne, Inc. operates within several growing addressable markets related to podcasting and digital content. Based on recent market analyses, the key market sizes for their main products and services are as follows:

Global Podcasting Market

• The global podcasting market size was estimated at approximately USD 30.72 billion in 2024 and is projected to reach USD 39.01 billion in 2025 and USD 49.55 billion in 2026. Some projections indicate the market could exceed USD 131.13 billion by 2030, growing at a CAGR of 27% from 2025 to 2030. Other estimates value the global podcasting market at USD 37.07 billion in 2024, poised to grow to USD 48.04 billion in 2025 and USD 382.31 billion by 2033, with a CAGR of 29.6% from 2026–2033.
• Another analysis valued the global podcasting market size at USD 47.75 billion in 2025, expected to grow to USD 62.06 billion in 2026 at a CAGR of 30%. It is projected to reach USD 171.45 billion by 2030.
• Approximately 584.1 million podcast listeners worldwide are projected in 2025, increasing to 619.2 million by 2026 and 651.7 million by 2027.

U.S. Podcasting Market

• The podcasting market in the U.S. is expected to grow at a CAGR of over 19% from 2025 to 2030. The U.S. podcasting market size was valued at USD 8.76 billion in 2024 and is expected to reach USD 60.48 billion by 2032, growing at a CAGR of 27.31% from 2025-2032.
• In the United States, over 55% of the population (roughly 158 million people) listen to podcasts monthly as of 2025.

Global Podcast Advertising Market

• The global podcast advertising market size is valued at USD 14.35 billion in 2024 and is expected to reach USD 49.70 billion in 2033, growing at a CAGR of 14.8% from 2025-2033.
• Another report estimated the global podcast advertising market size at USD 19.36 billion in 2024 and projected it to reach USD 38.52 billion by 2030, growing at a CAGR of 10.0% from 2025 to 2030.
• Worldwide podcast ad spending is estimated to hit USD 4.46 billion in 2025 and is forecasted to reach USD 5.03 billion by 2027.
• Advertising and sponsorships accounted for approximately 57% of the podcasting market's revenue in 2024.

U.S. Podcast Advertising Market

• U.S. podcast ad revenue reached USD 1.6 billion in 2022 and was projected to exceed USD 2.6 billion by 2024 and USD 2.55 billion in 2025.
• The U.S. podcast advertising market generated revenue of USD 5,921.5 million in 2024 and is expected to reach USD 10,587.0 million by 2030, growing at a CAGR of 8.1% from 2025 to 2030.

Vodcast Market

• The trend toward video podcasts (vodcasts) is significant, with a growing slice of weekly listeners preferring video-enabled podcasts; some surveys indicate around 40-42% U.S. weekly audience preference for podcasts with visual components. As many as 53% of U.S. podcast listeners opt for watchable podcasts.
• Global advertising revenues for podcasts and vodcasts are expected to hit USD 5 billion by 2026, marking a nearly 20% year-over-year increase.
• 51% of Americans have watched a podcast, and 73% have consumed a podcast in audio or video form, according to a 2025 report. YouTube alone reported over 1 billion monthly active viewers of podcast content in early 2025.

Branded Podcasts

• Branded podcasts are a component of the broader podcast advertising market. 61% of branded podcast listeners stated an episode made them more favorable toward a brand. Businesses are increasingly leveraging podcasts for brand engagement and marketing.

Creator Economy (relevant for LaunchPadOne)

• The global creator economy market size was valued at USD 178.4 billion in 2025 and is set to exceed USD 1.35 trillion by 2035, expanding at over 22.4% CAGR during the forecast period (2026-2035). In 2026, the industry size of the creator economy is estimated at USD 214.37 billion.
• More than 200 million people now identify as content creators globally, and the industry is projected to approach USD 480 billion in value by 2027.
• The podcasting platform segment is playing a vital role in driving the creator economy, with over 584.1 million podcast listeners worldwide.

PodcastOne, Inc. (PODC) is anticipated to drive future revenue growth over the next two to three years through several key strategic initiatives and market expansions.

Here are 5 expected drivers of future revenue growth:

1. Expansion and Monetization of Content Portfolio: PodcastOne consistently adds new podcasts to its network and focuses on developing original intellectual property (IP) for adaptation into television and film projects. For instance, the company has added numerous new podcasts, with over 200 total on its network, and has a pipeline of original IP projects, some already sold to major streaming platforms, such as Farnham Town acquired by Paramount. The strategic partnership with Dr. Phil's Envoy Media Company to launch a new podcast-based original content network also contributes to this content-driven growth strategy.
2. Growth in Advertising Revenue: The company is focused on increasing advertising revenue through direct sales, leveraging its relationships with numerous advertisers, and enhancing programmatic buying capabilities. PodcastOne holds exclusive advertising rights for its content and continuously seeks to meet growing advertiser demand.
3. Strategic Partnerships and Expanded Distribution: A significant driver is the strategic partnership with Amazon's ART19 podcast hosting service, which is expected to provide financial security, unlock new revenue streams, and improve operational efficiencies. This partnership has been upgraded to a second tier with higher minimum guarantees and has generated a substantial annual run rate. Additionally, PodcastOne continues to expand its content distribution across various platforms, including Spotify, Apple Podcasts, Samsung, iHeart, Tesla cars, and Android Automotive vehicles. The company is also developing new B2B partnerships with significant subscriber reach.
4. Diversified Monetization Channels: PodcastOne is developing new revenue streams beyond traditional advertising, including the PodRoll network, PodcastOne Pro services (offering studio space, marketing, and production), and introducing paywalls for premium content on platforms like Apple+ and Substack. The company also engages in merchandise sales and live events.
5. Leveraging AI-Powered Infrastructure: PodcastOne is utilizing AI-powered tools such as Flightpath for predictive profitability, Booster for ad management, Pod Engine for search engine optimization (SEO) and discoverability, and Magellan AI for advertising attribution. This technological infrastructure supports talent discovery, content matching, and monetization at scale, driving efficiency and growth.

Share Issuance

• PodcastOne completed its spin-off from LiveOne in September 2023. As part of this, LiveOne's shareholders received up to 3,220,000 shares of PodcastOne common stock as a special dividend.
• As of June 24, 2024, PodcastOne had 23,791,767 shares of common stock outstanding.
• PodcastOne's shares outstanding increased to 27.16 million as of December 31, 2025.

Inbound Investments

• In July 2022, PodcastOne secured $8.1 million in financing at a pre-money valuation of $60 million, with LiveOne investing $3 million as part of this private placement.
• Galloway Capital Partners, LLC announced a 3.15% stake in PodcastOne in November 2025.

Outbound Investments

• PodcastOne has been actively acquiring new content, adding 17 podcasts to its network in 2025 and 6 podcasts to date in 2026, bringing the total to 208.
• The company entered into a strategic partnership with Dr. Phil's Envoy Media Company to launch a new podcast-based original content network.
• PodcastOne renewed multi-year agreements with key talent, including The Adam Carolla Show and LadyGang.

Capital Expenditures

• PodcastOne reported capital expenditures of -$21,000 for the last 12 months ending December 31, 2025.
• The company highlights ongoing investments in technology and distribution to support future growth.