PodcastOne, Inc.

Good morning and welcome to Podcast One's Q1 Fiscal 2026 Financial Results and Business Update. All participants are in a listen-only mode. After the speaker's remarks, we'll conduct a question and answer session. To ask a question at this time, you'll need to press star followed by the number one on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the call over to Brian Carhart, Chief Financial Officer. Please go ahead.

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Podcast One Fiscal First Quarter 2026 Business Update and Financial Results Conference Call and Webcast. During today's presentation, all parties will be in listen-only mode. Following the presentation, the conference will be open for questions. On our call today is Kit Gray, President and Founder of Podcast One, myself, Ryan Carhart, Chief Financial Officer. I would like to remind you that some of the statements made on today's call are forward-looking and are based on current expectations, forecasts, and assumptions that involve various risks and uncertainties. These statements include, but are not limited to, statements regarding the future performance of the company, including expected future financial results and expected future growth in the business. Actual results may differ materially from those discussed on this call for a variety of reasons. Please refer to Podcast 1's filings with the SEC for information about factors which could cause the company's actual results to differ materially from these forward-looking statements, including those described in Podcast 1's Form 10-K for the year ended March 31, 2025, filed by the company with the SEC on July 2, 2025, and subsequent SEC filings made by the company. You will find reconciliations of non-GAAP financial measures to the most comparable GAAP financial measures discussed today in the company's earnings release, which is posted on its investor relations website. The company encourages you to periodically visit its investor relations website for important content. The following discussion, including responses to your questions, contains time-sensitive information and reflects management's view as of the date of this call, Wednesday, August 13, 2025. And except as required by law, the company does not undertake any obligation to update or revise this information after the date of this call. I would like to highlight to investors that this call is being recorded. Podcast One is making it available to investors and the media via webcast, and a replay will be available on Podcast One's IR website in the events section shortly following the conclusion of the call. Additionally, it is the property of the company, and any redistribution, retransmission, or rebroadcast of the call or the webcast in any form without the company's express written consent is strictly prohibited. Now, I would like to turn the call over to Podcast One's President, Kit Gray.

Thank you, and welcome to our fiscal first quarter 2026 earnings call. As a reminder, we are not on a calendar reporting year, and our fiscal year 2026 starts on April 1st. Today, we will provide a brief overview of Podcast One and the continuously growing podcast market and highlight our recent successes before passing on to Ryan for the financial results. Lastly, we will open it up for Q&A. We're excited to share the results of our fiscal first quarter of 2026. a quarter that marked a strong start to the year and highlighted our ability to scale revenue, deliver profitability, and grow audience reach across Podcast One's network. Podcast One continues to distinguish itself as the leading pure-clay podcasting platform in the public markets. Our vertically integrated model, from council development and talent relations to distribution, analytics, and monetization, uniquely positioned us to drive long-term value for our creators, advertisers, and shareholders. Podcasting has become one of the most trusted and engaged media formats, with over 4 million podcasts registered worldwide as of 2025. The industry continues to grow with advertisers projected to invest over $2.4 billion in podcast advertising this year. Podcast One is a sales network for over 500 of the largest advertisers to reach core demographics effectively and efficiently. According to a recent study from Sounds Profitable, podcast listeners are more likely to act on ads than TV or YouTube users. The new report finds that podcast listeners, particularly podcast primes, Take more follow-up actions after hearing an ad than users of other ad-supported media, including YouTube, Instagram, television, and streaming media. Podcast One is positioned at the center of this growth, capitalizing on both the increasing audience demand and the effectiveness of podcast advertising as a high ROI media channel. Podcast One has been ranked as a top 10 U.S. podcast publisher for the eighth consecutive month by PodTrap, with a monthly unique U.S. audience of 5.4 million and 20.3 million U.S. downloads and streams as of July 2025. With our industry-leading platform, we empower podcasters to reach their full potential by providing comprehensive, world-class support. Our 360-degree marketing capabilities drive growth and exposure, enabling talent to focus on what they do best, creating great content. This support includes access to studio space, marketing, production, editing, distribution, and public relations. Additionally, our experienced direct sales team leverages long-standing relationships with advertisers and brands seeking to connect with the highly engaged audience of podcasts on our platform. Our platform is built to help podcast creators thrive, offering top tier support at every stage of their journey. Operationally, Q1 was one of our most productive yet. We launched 14 new podcasts, bringing our total slate to 206 active shows. Newly added titles include Love Murder, Detox Retox with Tom Schwartz from Bravo's Vanderpump Rules. A lot of you have been asking with internet sensation, Hayden Cohen, and intrusive thoughts with Olympic figure skater, Adam Rippon. The number continues to grow as we attract top tier talent and capitalize on our reputation for creator first support and monetization. We also reported a 218% surge in video views year over year across multiple platforms, including YouTube, Substack, Rumble, TikTok, Spotify, and Apple+. As podcasting continues to evolve, Podcast One has expanded its video production and distribution efforts to enhance how audiences experience its shares. By offering content in a more visually engaging and interactive format, the platform has seen a significant surge in video viewership across its own channels and third-party platforms. Popular titles such as Bitch Bible, Full Coverage, pop apologists, Some More News, The Adam Carolla Show, and You're Welcome have experienced notable double-digit growth in video consumption over the past year, underscoring the growing demand for video-driven podcast content. Our network continues to drive value across multiple revenue channels, including branded content, our pod role marketplace, premium subscription offerings, and top-of-the-line production services. We're also continuing to leverage our recent platform migration to Amazon's R19 to improve targeting, scale, and efficiency for our ad partners. Now, before I go any further, I'd like to turn the call over to Ryan, our CFO, to walk through the financial results for the fiscal first quarter.