PodcastOne, Inc.

Good morning, and thank you for standing by. Welcome to Podcast One's fiscal fourth quarter and full year-ended March 31, 2026 Financial Results and Business Update Conference Call. During today's call, all participants will be in listen-only mode. Following the presentation, the conference will be opened for questions. Presenting on today's call is Kit Gray, President and Founder of Podcast One, and Craig Christensen, Interim Chief Financial Officer. I would like to remind you that some of the statements made on today's call are forward-looking and 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 the company'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 its annual report on Form 10-K for the year-ended March 31, 2026 and subsequent SEC filings. You'll 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. Thank you for listening. Thank you for watching. Additionally, it is the property of the company and any redistribution, transmission, or rebroadcast of this call or the webcast in any form without the company's expressed written consent is strictly prohibited. I would now like to turn the call over to Podcast One's President, Kit Gray.

Welcome to our fiscal fourth quarter and full year 2026 earnings call. As a reminder, our fiscal year begins on April 1st. This quarter marked a strong finish to fiscal 2026 and reflected the continued execution of our strategy to grow Podcast One through premium content, strategic talent partnerships, diversified monetization, and technology-driven operations. Throughout the year, we strengthened our position as one of the leading podcast publishers in the industry while expanding our network with established creator brands, developing original content, and driving meaningful growth across our advertising platform. Podcast One continues to distinguish itself as the leading pure play podcasting platform in the public markets through a vertically integrated model that combines talent development, content creation, distribution, analytics, monetization, and operational efficiencies, all supported by our AI-powered infrastructure. Our AI toolkit continues to enhance performance across every aspect of the business. Flight Path drives predictive profitability, booster skills, advertising management, and proposal recommendations. Adobe Audition ensures best in-class audio quality. PodEngine supports discoverability through SEO and incense. Vigeland AI powers advertising attribution. And Opus Pro converts long-form video into short-form content that fuels audience growth across platforms. Our team constantly uses AI-based search components to discover new talent, match trending topics to specific content created on our programs and more. These tools directly support how we grow shows, monetize audiences and operate more efficiently at scale. Throughout the quarter, we continued expanding and strengthening our content portfolios through a combination of new talent partnerships, creator renewals, and original content development. We added several established creator-led podcasts to the Podcast One network, including Wellness Cafe, No Filter with Zach Peter, and The Michelle Collins Show. These additions expand our reach across lifestyle, entertainment, and culture categories while providing advertisers with access to highly engaged audiences. We also continued investing in original content with the development and launch of It's Okay, We're All Gonna Die with Nurse Julie, demonstrating our ability to identify emerging talent and create new intellectual property within the Podcast One ecosystem. Across our network, Podcast One creators continue to attract high profile guests and cultural influencers spanning entertainment, business, health, and public affairs. Notable appearances during the quarter include Mel Robbins on Off the Vine, Jerry Seinfeld on The Adam Carolla Show, Robert F. Kennedy Jr. on The Adam Carolla Show, Meredith Marks on Let Me Save You 25 Years, and Morgan Stewart on Yesterdays. These appearances demonstrate the reach, relevance, and influence of Podcast One programming across multiple audience segments. Our momentum throughout the year was further reflected in Podcast One's growing industry standing. During the quarter, PodTrack ranked Podcast One as the seventh largest podcast publisher in the United States, highlighting continued audience growth and the increasing scale of our platform. Our monetization platform continued to deliver strong results as advertisers increasingly embraced podcasting as a measurable and scalable media channel. Programmatic advertising revenue more than doubled compared to the same January through March period of the prior year, reflecting growing advertiser demand for premium podcast inventory and the continued success of our technology-enabled advertising solutions. Thank you for watching. Together with our growing content portfolio, audience expansion, and creative partnerships, these monetization gains further validate our strategy of building a diversified and scalable media platform. Craig, back to you for our financial results.

All right, thank you, Kit. As a reminder, our fiscal year began on April 1st, 2025 and ended on March 31st, 2026. Revenue in our fourth quarter of fiscal 2026 was $15.7 million. Operating loss in the fourth quarter was $460,000 compared to an operating loss of $1.8 million in the same year-ago quarter. This improvement was driven primarily by higher advertising revenue and operational efficiencies across production and distribution. Net loss for the fourth quarter was $460,000, or negative 2 cents per basic and diluted share, compared to net loss of $1.8 million, or negative 9 cents per share, in the year-ago quarter. Adjusted EBITDA for the quarter was $1.9 million, compared to $888,000 in the same year-ago quarter, driven by revenue growth and contribution margin improvement. We ended the quarter with $3.5 million in cash and cash equivalents and no debt on the balance sheet. Switching now to the full year 2026 results, revenue increased 18% to $61.7 million compared to $52.1 million in fiscal year 2025. Operating loss for the fiscal year of 2026 was $2.6 million compared to an operating loss of $6.4 million in fiscal year 2025. This improvement was primarily driven by revenue growth margin improvement, and discipline cost management. Net loss in fiscal year 2026 was 2.6 million or negative 10 cents per basic and diluted share compared to a net loss of 6.5 million or negative 26 cents per basic and diluted share in fiscal year 2025. Adjusted EBITDA for fiscal year of 2026 was positive 6.3 million compared to adjusted EBITDA of negative 0.5 million in fiscal year 2025. With that, I'll turn the call back over to you, Kit.