PodcastOne director Ramin Arani resigns from board and committees

PodcastOne, Inc. announced that Ramin Arani has resigned from its board of directors and committees, effective October 27. He cited personal reasons for his departure. Mr. Arani served on the Audit Committee, the Compensation Committee, and the Nominating Committee. His resignation was not due to any disagreement with the company regarding its operations, policies, or practices.

PodcastOne intends to appoint existing independent board members to fill his committee roles and will conduct a search for a new board member. PodcastOne is a Beverly Hills, California-based company listed on the NASDAQ Capital Market under the ticker PODC. Its market capitalization stands at $72.3 million. The stock has seen a significant 41% return over the past week but remains volatile with a beta of 2.2.

PodcastOne reported its financial results for the first quarter of 2027, with an adjusted earnings per share of negative $0.05, beating Wall Street's forecast of negative $0.07. The company achieved a record revenue of $16.1 million and an adjusted EBITDA of $1.6 million. However, PodcastOne faced a wider net loss and higher operating expenses.

Additionally, Craig Christensen, who held multiple interim positions and acted as the principal accounting officer, is leaving the company to seek another professional opportunity. His departure is not due to any dispute with PodcastOne, and a search for a suitable replacement is underway.