PodcastOne, Inc.

Good morning and thank you for standing by. Welcome to Podcast One's fiscal first quarter 2027 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 open 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 those 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 the investor relations website for more important content. The following discussion, including responses to your questions, contains time-sensitive information and reflects management's views as the date of this call, August 12, 2026. And expect as required by law, the company does not undertake any obligation to update or revise this information after today's call. I'd like to highlight to all participants that this call is being recorded. The company will make it available to investors and media via webcast and a replay will be available on its website in the investor relations section shortly following the conclusion of the call. 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.

Thank you and welcome to our fiscal first quarter 2027 earnings call. We entered fiscal 2027 with strong momentum, building on the progress we made throughout the past year. During the first quarter, we continued expanding our content portfolio, strengthening strategic partnerships and growing our audience through premium programming, original content development and creator-led franchises. 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. FlightPath drives predictive profitability. Booster scales advertising management and proposal recommendations. Adobe Audition ensures best-in-class audio quality. PodEngine supports discoverability through SEO and insights. Magellan AI powers advertising attribution. And Opus Pro converts long-form video into short-form content that fuels audience growth across platforms. Our team continues leveraging AI-based search capabilities to discover new talent, identify emerging trends and connect timely topics with the content across our network. These tools directly support how we grow shows, monetize audiences and operate more efficiently at scale. Throughout the quarter, we continued executing on our strategy of expanding our network through premium creator partnerships, strategic acquisitions, original content development and long-term creator relationships. One of our most significant milestones this quarter was advancing to the number six position in PodTrack's ranking of U.S. podcast publishers, surpassing Disney and further reinforcing Podcast One's position as one of the largest podcast networks in the country. This achievement reflects the continued growth of our audience, the strength of our programming, and the dedication of our creators and team. Thank you so much for joining us. We also acquired Life Happens with Barb and Michelle while officially launching our original series It's Okay, We're All Gonna Die with Nurse Julie, reflecting our continued investment in both established creator brands and original intellectual property. Further strengthening our creator roster, we renewed our partnership with Lindsay Chrisley's The Southern Tea, which recently surpassed 2.5 million downloads across more than 248 episodes. We also partnered with Pave Studios on A&E's The First 48, expanding our relationship with premium media brands and creating additional opportunities to reach new audiences. Across our network, Podcast One creators continued attracting influential voices from across entertainment and popular culture. Notable guests during the quarter include actor Josh Dumal on The Adam Carolla Show, Dancing with the Stars pro Ezra Sosa on Off the Vine, and Mandy Moore on Yesterdays. Thank you for having me. As our network continues to grow, so do the opportunities to create value for creators, advertisers and listeners alike. Our investment in technology, audience development and advertising infrastructure continue to strengthen our ability to connect brands with highly engaged audiences while helping creators expand their reach across audio, video and social platforms. As podcast advertising continues to mature and brands increasingly seek trusted creator relationships and measurable results, we believe Podcast One remains well positioned to capitalize on these long-term industry trends through our diversified content portfolio, expanding creator network, and technology-enabled platform. Now I'd like to turn the call over to Craig to review our financial results.

Thank you, Kit. As a reminder, our fiscal year 2027 began on April 1st. Revenue in our first quarter of fiscal 2027 was a record $16.1 million. Operating loss in the first quarter was $1.6 million, compared to an operating loss of $1.1 million in the same year-ago quarter. This $500,000 increase was driven primarily by stock-based compensation within G&A. Net loss for the first quarter was $1.6 million, or negative 5 cents per basic and diluted share compared to a net loss of 1.1 million or negative 4 cents per share in the same year ago quarter. Adjusted EBITDA for the quarter was positive 1.6 million compared to 580,000 in the same year ago quarter driven by revenue growth and contribution margin improvement. We ended the quarter with 7 million in cash and cash equivalents and no debt on the balance sheet. With that, I'll turn the call back over to you, Kit. Thanks, Craig.