U.S. podcast publisher's fiscal Q1 revenue grew 8% yr/yr but missed analyst expectations
Adjusted EBITDA for fiscal Q1 rose to a record $1.6 mln
Company expanded creator portfolio through acquisitions and broadened content offerings
Outlook and result drivers
Company did not provide specific financial guidance for the current quarter or full year in the press release
AUDIENCE GROWTH - Co said it delivered over 18 mln downloads and streams and 6 mln unique listeners in June
CONTENT EXPANSION - Co expanded creator portfolio through acquisitions and broadened content with new programming and partnerships
HIGHER PODTRAC RANKING - Co reached a record #6 ranking on Podtrac, surpassing Disney and others
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$16.10 mln
$17.76 mln (3 Analysts)
Q1 Adjusted EBITDA
$1.60 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
PODC•
