In a 124-page document containing over 76,000 words, more than 6,300 sentences, and 4,436 paragraphs, which would take an estimated five hours to read, PodcastOne has released its annual finance report for fiscal 2025, which ended March 31. (Grapple with it HERE.)
Company Structure and Impressions
The company demonstrates a certain street cred by referring to vodcasts (video podcasts) as one of its four revenue prongs — the others are merchandise, live events, and of course podcasts. That content sructure provides what PodcastOne calls “a proven 360-degree advertiser solution for multiplatform integration opportunities and hyper-targeting.”
The quantified result is “millions” of monthly impressions, over six million monthly unique listeners, and over 17 billion mnthly downloads as measured by the IAB. This happens across all major conent verticals: Sprts, true crime, business, audio drama, and everything else.
Much of this weighty report is devoted t a vast section of risk factors, containing an inventory of potential disasters daunting enough to discourage any aspiring startup. It is, of course, merely a formal requirement in a public company disclosure, but no less harrowing for that.
Key Results
Anyway, on page 67 we finally get to year-over-year numbers, starting with downloads:
- 2024 downloads: 368,812,413
- 2025 downloads: 204,709,000
The document quickly explains the sharp downward movement with a factor we’ve heard before:
“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.”
Onward to the money. Here, we also see increase in the top line: Revenue.
- 2024: $43.3 million
- 2025: $52.1 million
While the bottom line shows net loss. But importantly, meaningful year-over-year improvement as the 2025 net loss was only 43% of the 2024 net loss:
- 2024: $14.7 million
- 2025: $6.4 million
See (and we dare you to read) the entire 124-page (small print, too) filing HERE.
