Q3 2025 PodcastOne Inc Earnings Call - Q&A
Welcome to the podcast, one third quarter fiscal 2025 financial results and business update conference call I'd now like to turn the call over to Aaron Sullivan, Chief Financial Officer, you may begin.
Good morning, ladies and gentlemen, thank you for standing by welcome to the podcast one fiscal third quarter 2025 business update and financial results conference call and webcast.
During todays presentation, all parties will be in listen only mode. Following the presentation. The conference will be opened for questions on our call today is kicked gray president and founder of podcasts, one myself, Aaron Sullivan 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 unexpected 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 ones 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 ones Form 10-K for the year ended March 31, 2024, followed by the company with the SEC on July one 2024 and <unk>.
Subsequent SEC filings made by the company.
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.
The company encourages you to periodically visit its investor relations website for important content.
Following discussion, including responses to your questions contains time sensitive information and reflects management's view as of the date of this call February 12 2025.
Except as required by law the company does not undertake any obligation to update or revise this information after the date of this call.
To highlight to investors that this call is being recorded I guess, one is making it available to investors and the media via webcast and a replay will be available on podcast ones 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.
Curt Gray: Now I would like to turn the call over to podcast ones President Curt Gray.
Speaker Change: Thank you and welcome to our fiscal third quarter 'twenty 25 earnings call. As a reminder, we are not on a calendar reporting year end our fiscal year 'twenty twenty-five ends on March 31 today, we will provide a brief overview of podcast, one and a continuously growing podcast market.
Speaker Change: And highlight our most recent successes before passing on to earn for the financial results.
Speaker Change: After his comments I will close with an update on our strategic initiatives, including our recent partnership with our 19 Amazon's podcast hosting service.
Speaker Change: And what we are looking forward to in the quarters comp Lastly, we will open it up for Q&A.
Speaker Change: One is a premier podcasts network that has played a key role in the evolution for the podcast industry since its founding in 2012.
Speaker Change: As the only pure play publicly traded podcast company in the United States, well I guess, one provides a platform for top tier content creators offering comprehensive support across production marketing sales and distribution.
Speaker Change: Casting has become one of the most trusted and engaging media formats with over 4 million podcast registered worldwide has his twenty-twenty fought the industry continues to grow with advertisers projected to invest over 2.4 billion in podcast advertising this year.
Speaker Change: One is the sales that work of over 500 of the largest advertisers to reach core demographics effectively and efficiently.
Speaker Change: Podcasts, one and its 196 shares are positioned at the center of its growth capitalizing on both the increasing audience demand and the effectiveness of podcast advertising has a high ROI media channel.
Speaker Change: Well I guess, one has been ranked as a top 10 U S podcast publisher for the second consecutive months bipod tracks with monthly unique U S audiences of $5 2 million and $16 2 million U S downloads and streams.
Speaker Change: Austin continues to be a cultural relevant minions shaping conversations around major events previously we saw its impact during U S elections and more recently it played a role in covering the recent California wildfires as in L. A based company, we witnessed the devastation firsthand members of.
Speaker Change: Of our own team saw their community is destroyed a lives up ended in a matter of moments while much of the country watched the tragedy unfold on television others turned to podcasting for unfiltered perspectives.
Speaker Change: One host Adam Carolla was among those directly impacted displace from his home and he turned to his podcast series experience in almost real time broadcasting from my Hotel room. He recounted the timeline of events leading to his evacuation the uncertainties surrounding the status of this condo and the <unk>.
Speaker Change: Mixed reports he received despite the circumstances corolla used his platform to provide a raw in personal firsthand account of the disaster, while blending his sharp observational and often sarcastic style of storytelling and social commentary into this situation.
Speaker Change: With millions of impressions, there's moment reinforce podcast things unique ability to informed engaged and mobilize audiences in real time, turning personal stories into powerful conversations that drive awareness empathy inaction with our industry leading platform, we empower podcast hosts to reach their full potential by providing.
Comprehensive World class support or a 360 degree marketing capabilities drive growth and exposure, enabling talent to focus on what they do best creating great content. They support includes access to studio space marketing production editing distribution in pubs.
Speaker Change: Relations. Additionally, our experienced direct sales team leverages as long standing relationships with advertisers and brands seeking to connect with the highly engaged audience of podcast on our platform as a result during the quarter, we were thrilled to sign Stasi Schroeder to the podcast one platform and a multi year seven.
Speaker Change: Figure deal along with being a New York times, best selling author and reality TV personality Stasi has captivated podcast audience for over nine years consistently ranking among the highest rated podcasts across platforms.
Speaker Change: The acquisition reinforces podcasts ones mission to champion female voices in the podcasting space as.
Speaker Change: As part of this collaboration Stasi will also be integrated into the podcast, one extensive promotional and marketing initiatives spanning multiple genres with plans to extend into I've shows merchandising and adaptations. The majority of our revenue continues to be generated via our direct sales team with ads.
Speaker Change: <unk>, who want access to the unique audiences that we can reach on our platform.
Speaker Change: In addition to our direct sales team and programmatic ads the strategic partnership with Amazons are at 19 announced in January it creates a third core revenue channel for the monetization of our library of shows more on art 19 in a moment to complement our core revenue channels. We also diversified our emerge.
Speaker Change: <unk> revenue streams that provide additional avenues for high margin growth, while diversifying our revenue mix and service offering to the entire podcast one ecosystem. We officially launched podcast one CRO in conjunction with our new state of the art podcast production studio in Beverly Hills, we are seeing great.
Speaker Change: For major brands, such as boost mobile and Microsoft who want to harness the power of podcasting and rely on our technology and talent to make it happen.
Speaker Change: First one pro offers customizable services with Ala Carte options to me exact production needs for a full 360 solution.
Speaker Change: The new studio enables creators to seamlessly produced record and broadcast their shows with unmatched clarity and precision.
Another way podcast, one and its talent generate additional revenue is through live shows Stasi Schroeder was among the first to extend her podcasts into a live event format and 2019 quickly selling out subsequent tours in 2020 and 2023 we look forward to supporting SASSA and our other house.
Speaker Change: And then exploring live show opportunities in 2025, now before going further I'd like to turn the call over to Aaron our CFO to walk through the financial results for the financial third quarter. Erin. Thank you Kiss as Kipp mentioned at the beginning of the call I want to remind listeners that our fiscal year ends on March 30 <unk>.
Speaker Change: First <unk>.
Speaker Change: Revenue in the fiscal third quarter of 2025 increased 22% to $12 7 million compared to $10 4 million in the same year ago quarter.
Speaker Change: Operating loss in the fiscal third quarter of 2025 was $1 6 million compared to an operating loss of $2 6 million in the same year ago quarter. This was primarily driven by lower noncash stock compensation expense net loss in the fiscal third quarter of 2025 was $1 6 million or six cents a share for basic and diluted share.
<unk> compared to a net loss of $2 6 million or 11 cents per basic and diluted share in the same year ago quarter.
Speaker Change: Adjusted EBITDA in the fiscal third quarter of 2025 was negative $9 7 million compared to adjusted EBITDA of negative <unk> 4 million in the same year ago quarter. The change in adjusted EBITDA was primarily due to timing of content acquisition cost.
Speaker Change: We ended the fiscal third quarter with no debt on our balance sheet and <unk> 6 million of cash and cash equivalents as of December 31 2024.
Speaker Change: As we look ahead I'd like to also briefly touch on guidance. We're pleased with the progress this quarter and given the revenue generating deals that are currently in place for fiscal Q4, along with the equity base revenue share deals with certain podcast talent also starting to be effective in fiscal Q4, we are comfortable reaffirming our fiscal 2025 guidance, we expect rep.
Speaker Change: <unk> for the full year to be at least $51 million, representing an increase of at least 17% when compared to revenues of $43 3 million in fiscal 2024, given the continued strong double digit revenue growth. We also project positive adjusted EBITDA for the full year of fiscal 2025.
Kit: Now I'd like to turn the call back to kit for some additional comments on the quarter before wrapping up with questions from the audience.
Thanks, Darrin as highlighted the momentum we're building continues to drive meaningful financial results, which is a direct result of our extremely scalable platform and the execution by our team at podcast one one of the biggest strategic and financial partnerships took place in January with the move of our library of shows to Amazon.
Kit: <unk> podcast hosting service our 19th this move underscores our commitment to innovation and delivering exceptional value to our talent advertisers listeners and shareholders by partnering with Amazon's Art 19, we are not only future proofing, our hosting needs, but unlocking new growth.
Kit: Opportunities by leveraging their cutting edge technology and advertising opportunities for.
Kit: For the listener there will be no change they will still be able to access podcast ones hit shows wherever they choose including Spotify, Apple podcasts, where you too but for podcasts. One is a big change and I would like to review some of the key benefits as an overview Amazon has already invested heavily in PA.
Kit: Casting acquiring both wondering and our 19 in the last few years, while podcasts. One is now using our 19th hosting service are at 19 is paying us for access to our library of shows.
Kit: Secondly, there are operational and technological advantages, our 19th advanced CMS content management system will improve the efficiency and reducing the time and resources spent on backend technology, allowing us to sunset most of our technology used for hosting leading.
Kit: Cost effective savings and increased efficiency on our staff.
Kit: Art 19 can provide enhanced analytics, including geo targeting and audience insights and targeting Amazon's ongoing investment and broadcasting technologies should bring future advancements to heart 19th capabilities on top of that we will see revenue growth and stability podcasts, one will receive a minimum.
Kit: Our anti revenue stream of $15 million over three years and as podcasts, one skills its network and impressions the minimum guarantee increases ensuring upside potential this will allow us to better forecast the value of shares and improve cash flow predictability are at 19 acts as a <unk>.
Kit: Complement to our current sales team and programmatic AD sales, leading to an increase in revenues through our 19th integration with Amazon's advertising ecosystem.
Kit: Amazon can package podcast, one inventory with a premium AD offerings across podcasts and Amazon Prime television, creating additional revenue streams beyond our reach previously we also have a competitive edge and M&A potential the deal strengthens podcasts one's position as a top 10 podcast network aiding in town.
Kit: Acquisition by providing better monetization forecasting it has the potential to open podcasts, one up for future partnerships with Amazon's ecosystem as podcast host flock towards video and consumer preferences move towards watching their favorite hosts not just lesnick overall the partnership with Amazon's Our 19 provides.
Kit: Media financial security multiple revenue growth opportunities better technology, and a stronger competitive position, making it a significant milestone for podcasts won all while aligning with podcast ones long term growth strategy and reinforcing our leadership role in the evolving podcasting industry.
Kit: In closing, we delivered a strong fiscal third calendar fourth quarter, achieving double digit revenue growth. Once again in fact this was podcasts ones largest revenue results for the period. The momentum continued into the start of calendar 'twenty twenty-five mark by major accomplishments, including the collaborate.
Kit: With Amazon the retention in extension of flagship podcast from Adam Carolla, Brendan shop N Kom Bristow podcasts. One now it's 196 shares having added 64, new programs in 'twenty 'twenty, four and 10 exciting niches and last quarter alone.
Kit: Our cast ones talent roster continues to expand supported by a debt free balance sheet and a multiple accretive growth opportunities. We are actively evaluating M&A prospects not only to acquire top content networks, but also to enhance our platform with production sales and Technology Act.
Kit: Resistance that strengthen our offerings for host and advertisers podcast one remains the only pure play publicly traded podcast company in the U S are expanding content portfolio of strategic partnerships and revenue diversification efforts continue to create long term shareholder value. Thank you for.
Kit: Joining us and at this time I'd like to turn the call over to the operator for Q&A operator.
Speaker Change: Thank you we will now begin the question and answer session. If you'd like to ask a question. Please press star one on your telephone keypad you raise your hand and join the queue. If you would like to withdraw your question simply press Star. One again. Your first question comes from the line of Sean Mcgowan from Roth Capital Partners. Your line is open.
Sean McGowan: Good morning, guys can you hear me okay.
Speaker Change: Yeah, Hey, Sean good morning.
Speaker Change: Hi, Aaron.
Sean McGowan: Yeah, a couple of questions. So.
Sean McGowan: You've talked in the past about cost of sales reflecting.
Sean McGowan: Content acquisition cost.
Sean McGowan: I gather from your referring reaffirming the guidance that you're comfortable that that's going to go down a lot in the fourth quarter. So what drives that is it just is it simply the timing or is there something else behind that.
Sean McGowan: Hey, Shaun Eric I'll take this one kid correct, Sean its timing.
Sean McGowan: We had a few.
Sean McGowan: Revenue deals we were expecting in Q3 that kind of moved into Q4, we had the kind of the content cost or the minimum guarantee in in Q3 that we had to.
Expand some pay they pay to our talent without that revenue coming in in the same quarter. So it's really a timing thing.
Sean McGowan: Okay.
Sean McGowan: And then the.
Sean McGowan: And G&A.
Speaker Change: Global G&A spending seen in the third quarter is that what we should expect around that level to continue or was there unusual positives or negatives in the quarter there.
Speaker Change: You can't even lower than it should be it should be pretty consistent with that Sean yes.
Speaker Change: Okay, and maybe a couple of questions for chip so where.
Speaker Change: Maybe you have to earn so where in the P&L would we see the financial benefits of working with art 19 as at multiple places or is it primarily on the cost.
Speaker Change: Cost side of it.
Speaker Change: Where do you see that.
Uh huh.
Speaker Change: You can.
Speaker Change: Go ahead go ahead, Yeah go ahead sorry.
Speaker Change: Alright, yeah, youre going to see it with some cost efficiencies on the <unk>.
Speaker Change: Our operational side of things right, so there'll be less costs.
Speaker Change: For our team to run tack and do some stuff there. So a lot of efficiencies there and I'll have our team to be working on some other projects not I'm not as much on that which would be great.
Speaker Change: And then you'll see like.
Speaker Change: Like I mentioned in the call revs.
Speaker Change: Revenue growth.
Speaker Change: On a on a consistent basis.
Speaker Change: We will have payments coming in from from Art 19 based on that minimum guarantee audience threshold that will have and then as we scale up they'll be more revenues on that so those are the.
Speaker Change: I think you will see that you know ancillary which won't be as clear I believe you'll see.
Speaker Change: Sure on our Cps for.
Speaker Change: More generic right. If we have effectively three units at our direct sales team.
Speaker Change: B, our 19 Amazon.
Speaker Change: Team and you know that.
Speaker Change: Programmatic channels monetizing our impressions.
Speaker Change: It all should work, where all ships rise right. So we'll see hopefully a higher CPM.
Speaker Change: You know as as we continue working with Aaron's.
Speaker Change: Darren I don't know if you want to add anything to that.
Darren: No I think I think you can feel free to just maybe you could clarify a little bit for you Sean.
A small impact in sales and marketing right, because that's where some of the commission is so yes.
Darren: Obviously, that's a variable expenses because we've got more revenue flowing through there you'll see a little bit more expense there, but on the G&A side, where the.
Darren: Part of the hosting and operational costs are you'll see.
Curt Gray: The drop in that particular line, but exactly what Curt said.
Curt Gray: Okay. Thanks last question for you, Ken So I think everybody looking into podcasts world Gunnar.
Curt Gray: Kind of a eyebrow raising positive surprise on the impact.
Speaker Change: Podcast receives you've had in <unk>.
Speaker Change: Various events that you cited the election the fires how has that changed the competitive landscape are you seeing it seemed like last year. This time last year. There was maybe a retreat by some of the major players.
Speaker Change: Diminishing.
Speaker Change: Noon or not renewing at the same levels or some of their content as that shifted now and are you seeing are you seeing competition kind of increase will get more aggressive.
Speaker Change: No I mean, there are some activities out there right like I think if you read the news the rescue measures to deal with Fox.
Speaker Change: Over the last couple of days, so there's definitely still activity in the M&A space and will be a player in those type of deals as well moving forward.
Speaker Change: So I know you're.
Speaker Change: You're not really seeing that what youre seeing is just more people listening in the medium strengthening and and you know more dollars being spent into it.
Speaker Change: More attention by advertisers more attention a good brands, obviously, Amazon no one bigger than them and then investing in relationship with us.
Speaker Change: Continuing there there.
Speaker Change: Their commitment to podcast thing I think is is huge so I only think it's it's really helping everybody just you know keeping the medium exciting.
Speaker Change: You know keeping advertisers in there and just getting better based on using.
Speaker Change: Using technology in and working with great talent to not only do audio like we have for years, but the video aspect of things like social media events and things like that as well.
Speaker Change: Great. Thank.
Speaker Change: Thank you very much I appreciate that.
Speaker Change: Good to hear from Michelle I'll talk to you later.
Speaker Change: Yeah.
Speaker Change: Your next question comes from the line of Leo Carpio from Joseph Gunnar Your line is open.
Leo Carpio: Good morning, gentlemen.
Speaker Change: Couple of questions regarding the quarter.
Can you tell us about sort of the quarter's revenues.
Speaker Change: Was it add activity driven was there some sort of seasonality I mean picking up the third quarter people can be back from the beach or there's new content being placed on our platform and then how does that drive and think about for the fourth quarter in terms of the arc that youre projecting to hit your guidance.
Speaker Change: I can tell you. This you always are going to see a seasonality.
Speaker Change: In terms of consumption production and.
Speaker Change: And really add fence, they're all a little different in November.
Speaker Change: In November and December where people are taking some time off to be with their families.
Speaker Change: Maybe they're not as producing much concept of we can we've got an advantage because we can back content in advance.
Speaker Change: But as far as advertisers. They go heavy because that's when people are spending money. So we had you know.
Speaker Change: <unk> had some good pickup in sales in some of our new shows like Stasi as we mentioned.
Speaker Change: Well I'm looking at January and things are looking pretty good.
Speaker Change: Where we're fighting through.
Speaker Change: January is always a little slow based on you know people slowing down status, but we.
Speaker Change: We've seen some nice numbers, a nice direct sales on that front.
Speaker Change: The transition to art 19, Amazon start 19 is taking place right now so.
Speaker Change: We're in.
Speaker Change: We're in that phase and we will see how that starts to roll out in this quarter, but like we mentioned, Mississippi, we're pretty comfortable hitting those numbers that we quoted for the quarters last year.
Okay and speaking of art 19, when are we going to see the real financial impact of the transition.
Speaker Change: Will it be like the next.
Speaker Change: Two quarters from now and the beginning of 2026 or more of a summer 2025 calendar effect.
Speaker Change: No you'll see you'll see it start to take place in the quarter that we're currently in.
Speaker Change: Ah we're transitioning all of our shows right now or are there, but there's some.
Speaker Change: Guarantees and start up and they are pushing hard to already.
Speaker Change: Get that inventory out to their sales team and in their system as well, we talked to them almost on a daily basis. So that is ramping up nicely. Our connects with the programmatic channels are staying and put two so that should help and as always our direct sales team as is.
Speaker Change: Doing their job too.
Speaker Change: Okay, and then thinking.
Speaker Change: Turning to the prior question regarding competitive environment for talent out of our 19 enhance your position versus say Spotify Apple.
Speaker Change: Having Amazon <unk> behind you.
Speaker Change: Helpful and negotiation going forward and if so how.
Speaker Change: Yeah. Good question. It does help us because we're able to kind of.
Speaker Change: Forecast like I mentioned like three revenue generating channels earlier.
Speaker Change: Rather than two and we will really have a more of a science on understanding the value of shows that just based on pure numbers right. How many downloads you have a month.
Speaker Change: We will be able to kind of look at.
Speaker Change: How that valued for those three channels right now not just two which should help us calculate that.
Speaker Change: It should effectively make sure it shows more valuable to us so in turn that will help us.
Speaker Change: Hopefully you get some cause some more shows.
Speaker Change: With better deals based on the ability to know we have cash coming in every month and we know the value better than we had before on what it shows could bring in so that'll that'll really help us on that front.
Speaker Change: As far as the technology and the.
Speaker Change: Uh huh.
Speaker Change: The D. The use of their AD serving technology, it's great I mean, the system that we were on.
Speaker Change: It was good too this is comparable if not better.
Speaker Change: That's where you'll start to see some advancements with Amazon over the next couple of years on there.
Speaker Change: And AD serving capabilities.
Speaker Change: There are cool things that they can do in there like you can caf.
Speaker Change: Commercial loads to end users you can you can switch out copy so if they've heard it since then.
Things like that that we can offer advertisers.
Speaker Change: So that that'll take place over the next couple of months, but yeah.
Speaker Change: We're excited about that.
Speaker Change: It's always easier, saying your hosted by a company like Amazon rather than your own thing. So that also will help but.
Speaker Change: Yes, we're excited about it it's a huge deal we as a company spent the better part of all last year analyzing all the major platforms and potential revenue generating cost saving aspects of the deal and we really felt comfortable with.
Speaker Change: Art, IC and Amazon started 19 and out of there.
Speaker Change: Structured their team.
Speaker Change: Their services are there you know and how they're working with us.
Speaker Change: Our guys did a deal with Andy Slater, it's been a good friend of mine for 25 years in the radio business. So.
Speaker Change: He is great and the team is great and we're really excited about the deal.
Okay, and then last question I don't know if you thought if Netflix is that they use is Netflix is exploring adding video contents to the plus a video podcast to their platform.
Speaker Change: Any sense in terms of how you might respond or too early to tell.
Speaker Change: Well they should have gotten into this a lot longer L. A while ago. If you look at all the video companies out there.
Speaker Change: Youtube is now the number one platform for consumption of podcast listening right. So Spotify is investing heavily in the video aspect as well.
Speaker Change: There are some.
Speaker Change: Issues with that are good and bad.
Speaker Change: Discovery is create some of the dynamics itself that's hard to control.
Speaker Change: But netflix absolutely should be involved in this too.
Speaker Change: You know the fact that they haven't.
Speaker Change: Gotten more into some of their shows having recap shows in.
Speaker Change: If you look at some of the great podcast out there whether it's severance on Apple I mean, these are big Big podcast now that people watch the TV show and then want to get involved in the community. So Amazon should be involved in that they also to be involved in the IP side of things right. It's a.
Speaker Change: A very effective way to prove concept on a potential movie or a TV show and.
Speaker Change: So they should definitely be involved in the podcasting space. So I'm excited to see that theyre in theyre in.
Speaker Change: We have some good talks with them now moving forward, but I did yeah I saw that note just a day or two ago that's exciting.
Speaker Change: Alright, well, thank you gentlemen, and I'll go back into queue.
Thanks Leah.
Speaker Change: Your next question comes from the line of Tom White from D. A Davidson your line is open.
Speaker Change: Hi, This is Jonathan on for Tom Thanks for taking our questions.
Speaker Change: Could you talk a little bit about how art 19 helps to drive your programmatic advertising and maybe your expectations of how that ramps up over the next 12 to 18 months do you kind of expect programmatic ads to outpace direct sales or how should we think about that.
Speaker Change: Uh huh.
Speaker Change: Good question, Thanks for jumping on and I appreciate that.
Speaker Change: At the time.
Speaker Change: So no Amazon really doesn't have anything to do with the programmatic side of things.
Speaker Change: And it basically goes like this so if you have three channels right, how I mentioned, our direct sales team you've got Amazon's.
Deal is their sales team basically and then you have the programmatic desk, it's kind of a waterfall right. So we have access to our inventory.
Speaker Change: Like no one else does we have that first and typically that's because we know our CPM is on direct sales deals would be higher.
Speaker Change: We're able to use the talent could voice adds choose particular shows particular programs use the technology, if you get higher CPM in terms of behavioral targeting or or geo targeting our gender targeting whatever that might be.
That's our primary area, where we will make most of our revenue I still think that's where it's going to be.
Speaker Change: That's where for at least the next 18 months for sure that will still lead to lead the way and I believe that will still lead the way no matter what but.
Speaker Change: Amazon and then will be the second.
Speaker Change: Funnel in terms of our impressions they get to to access and then after that it will be the programmatic side of things now Amazon.
Speaker Change: We will be.
Speaker Change: Hopefully selling higher CPM than programmatic programmatic revenues are alright, CPM is typically in that eight to $12 range.
Speaker Change: Amazon's hopefully it would be higher than that.
Speaker Change: Why it will increase to your question both on the Amazon side of things in programmatic and even the digital side of our sales team revenue channel is because every episode that goes out.
Speaker Change: It stays in less forever right. So you can wear now monetizing another year of after all this show and.
Speaker Change: And he is cold case files and.
Speaker Change: Kathy and the Lady gang are having another year. So we keep building our library and more and more people are finding out how great podcast thing is and they're going back and consuming all of these so where we'll have an advantages as our library and impressions growth, we'll be able to have those three channels in there.
Following in as much money as possible.
Speaker Change: I hope that gave you kind of a.
Speaker Change: On the on.
Speaker Change: To your question or helps you out got it that's very helpful. I appreciate it.
Speaker Change: Yes.
Speaker Change: Program, sorry, one programmatically youre still going to see big money I'm, sorry, just the accurate like youre still going to see.
Speaker Change: More money going in that space again, B brands are really excited about the podcast and user right and and.
Speaker Change: You know I I believe with a political change in our country. There is not going to be as much restrictions on.
Speaker Change: Who's saying what were for these plans if they want to reach people.
Speaker Change: I think that'll help.
Speaker Change: Also think youre going to just see more and more in the audio space as audio catches up with video banner network programmatic capabilities and that's what we're seeing so I still think you'll see some great revenue growth on the programmatic channel as well.
Speaker Change: Got it that's super helpful. I appreciate.
Speaker Change: And then I just had one follow up I was wondering about launchpad one.
Speaker Change: It seems like a really interesting way to discover new talent as it relates to art 19, given that you are like sunsetting. Most tax used for hosting would you may be expecting an uplift and users joining launchpad to host their broadcast or do they have is through art 19, now or just how should I think about that.
Speaker Change: Yes.
Speaker Change: Still going to be working with our old company to still run launch pad and drill launchpad.
Speaker Change: And I agree with you, it's still a very exciting.
Speaker Change: Free ability to host podcasts.
Speaker Change: And you will be doing some things this year.
Speaker Change: Couple of years ago, we did a kind.
Speaker Change: Kind of.
Speaker Change: Find your next great podcast.
Speaker Change: Joe.
Speaker Change: Where some of our great podcast series with great. Some of the shares and so forth. So we'll be doing some things like that to grow that.
Speaker Change: Expand on the attack there too right. So now that we don't have to spend as much time on all the other stuff that we're doing because aren't 19 is taking over some of it will be able to still do those things.
Speaker Change: Yes launch that is definitely on our radar to focus more of our time and efforts in moving forward.
Speaker Change: Alright, Thank you very much.
Speaker Change: Thank you.
Speaker Change: And your final question today comes from the line of Barry Sine from Lichfield. Your line is open.
Barry Sine: Hey, good morning, gentlemen.
Speaker Change: Good afternoon, I guess now.
I wanted to talk about the content.
Speaker Change: Maybe you can talk about.
Speaker Change: What podcasts are really hot right now, what's up and coming what new podcasts have you added that you're really excited about and whats on the runway for potentially give us a sneak preview of what you might be adding over the next month or two.
Speaker Change: Yes sure.
Speaker Change: You highlighted stasi.
Speaker Change: And bandwidth pump actually starts up again.
Speaker Change: Shortly.
Speaker Change: And your pump is like a phenomenon. We've got two shows that are focused on that soon to be three <unk>.
Speaker Change: Our partnership ending and doing their own shares with Jackson Britney, but.
Speaker Change: So that's that's really killing it and kill.
Speaker Change: Lowery, who does the killer network and satisfied cast one with care network of shows they're also launching.
Speaker Change: Another show associated with that as well. So those are that's our wheelhouse when they look at female programming.
Speaker Change:
Speaker Change: That that's that's still what people are always asking for in terms of advertising and the audience is really expanding there. So we will continue to focus our efforts on shows like that we have over 100 shows that we're talking to right now many of them fit in that world as well as true crime.
Speaker Change: Tonnage for crime shows out there that are really exciting and fun and we've got a great <unk> network that a lot of them will fit into.
Speaker Change: We just launched this past week.
Speaker Change: And he is.
Speaker Change: Aliens, it's actually the history channel, which is under the Annie.
Speaker Change: Umbrella.
Speaker Change: We're part of that family now we've worked with any for almost eight years.
Speaker Change: <unk> file I survived and a couple of others.
Speaker Change: But I'm really high on this show I think that.
Speaker Change: The alien phenomenon is there's tremendous theres some great stories and everybody has an opinion on these things and.
Speaker Change: Recently there.
Speaker Change: Alien stuff coming up on the news. So I think that's a really good one we've got the power of Danny and their television and social media behind that as well.
Speaker Change: Those are some of the ones, we're really excited about.
Speaker Change: We're going to be continuing the path of the Florida towns of the world and owning IP and continuing to grow that that library, and reaching out and trying to sell more of their shows to two networks to two for a second window type opportunities.
Speaker Change: Great focus on our company on that as well.
Speaker Change: So.
Speaker Change: Those are a couple of them.
Speaker Change: But you know, we're really excited about the network and the opportunities coming forward.
Speaker Change: I think we're positioned really well.
Speaker Change: Okay, and just elaborating on some of the things you said in terms of some of the female programming I know for example.
Speaker Change: Lady Gang has a three day weekend event coming up in September I don't think you guys are actually running that but presumably that has.
Speaker Change: Spillover effects in terms of popularity and advertising anything on that and any other special events. In addition to just podcasts you maybe you may have in the works.
Speaker Change: Yes, we're going to be involved in that that's actually yes.
Speaker Change: Yes.
Speaker Change: You guys know where I live in Florida, It's maybe 10 minutes from where I live here.
Speaker Change: Here in <unk>.
Speaker Change: In Destin, Florida, and yeah. So we're gonna be involved in that I'm actually meeting with the the Celtic action late again next week about finalizing some deals and some ideas down here.
Speaker Change: That's that's a cool event and we'll be doing more of those types of things with their talent. If you notice on the roster, you'll see kaitlyn or so 80 gang and stuff right. So there's other great podcast that arent podcast, one the office, ladies and a couple of others, but.
Speaker Change: Those are three of our biggest and most powerful shows all here. So we're going to do some fun things and be involved in that.
Speaker Change: That's cool I mean, that's what you can do when you have the podcast community or you have a social media community.
Speaker Change: You can drive things like that where.
Speaker Change: There is going to be a weekend of content music Mcgrath is coming down there.
Speaker Change: There's going to be eating in yoga and paddle boarding and really just kind of a follow up that so podcast one will be.
Speaker Change: Involved in that as well.
Speaker Change: And turning to.
Speaker Change: Emerging monetization things like movies and so on.
Speaker Change: Where are we in terms of the composition of revenue I assume but 95% or more revenue is still traditional advertising sales and that the emerging streams or not.
Speaker Change: Significant and then on a forward looking basis are there any negotiations in process im not asking specific which specifically, but what's the forward looking view on emerging monetization.
Speaker Change: Yeah. So I think when you look at advertising is still going to be a big big part of what we do with that 995.
Speaker Change: It's more.
Speaker Change: Diversified.
Speaker Change: Now happening art 19, Amazon involved in that.
Speaker Change: With some yes.
Speaker Change: Hedging your bets a little bit if you look at that on a financial side of things.
Speaker Change: So that protects us a little bit podcasts.
Speaker Change: <unk> got some trials.
Speaker Change: <unk> is ramping up.
Speaker Change: I mentioned in a boost in Microsoft, but love Sac, which is.
Speaker Change: I think I believe I saw they had a television commercial around the.
Speaker Change: The Super Bowl is a growing brand.
Speaker Change: <unk> got a great show with them.
Speaker Change: Motor trend continues are now going to be on their fourth season with us that's a really nice business.
Speaker Change: So we're focusing on.
Speaker Change: On that and that will help us with our margins quite a bit because we have.
Speaker Change: The talent booking in the infrastructure in terms of producers video audio so.
Speaker Change: When we charge people for that its our margins would be really nice.
So that'll be something else that we'll continue in merch.
Speaker Change: You know shows.
Speaker Change: Owning.
Speaker Change: Our parent company life bond is doing stuff with.
Speaker Change: The liquor brand and a coffee now so we're going to be doing more of that or for some of our partnerships.
And the talent space, so over the next year year, and a half you'll start to see that change.
Speaker Change: Change a little bit but again.
Speaker Change: The advertising is really our core principles.
Speaker Change: Okay, great. Thank you.
Speaker Change: Sure.
Speaker Change: Let's talk to you. Thank you Barry.
Speaker Change: And that concludes our question and answer session I will now turn the call back over to management for closing remarks.
Speaker Change: Hey, guys. Thank you so much I really appreciate your time.
Speaker Change: And interest in podcasts and one will be at the Roth event in March.
Speaker Change: We will be constantly updating everybody on things as they are happening within the quarter.
Speaker Change: Again, we appreciate your time and look forward to hearing from you guys soon take care.
Speaker Change: This concludes today's conference call. Thank you for your participation you may now disconnect.
Speaker Change: [music].