FreeCast Announces Fiscal 2026 Results and Files Annual Report on Form 10-K

Company Highlights Increased Advertising Revenue, Strengthened Capital Position and Expansion of PaaS Commercial Strategy

ORLANDO, Fla.--(BUSINESS WIRE)--FreeCast Inc. (NASDAQ: CAST) (“FreeCast” or the “Company”), a media and technology company providing streaming and media monetization solutions, today announced that it has filed its Annual Report on Form 10-K for the fiscal year ended June 30, 2026 with the U.S. Securities and Exchange Commission.

Fiscal 2026 represented an important period in FreeCast’s transition from primarily developing its technology platform toward commercial deployment of its Platform-as-a-Service (“PaaS”) strategy across telecommunications, broadband, satellite, multifamily and other distribution environments.

Fiscal 2026 Highlights

Among the financial and operating developments reflected in, or occurring in connection with, fiscal 2026:

• Revenue: FreeCast reported fiscal 2026 revenue of approximately $711,000, including approximately $386,000 of advertising revenue.
• Advertising Platform: Advertising revenue increased during the fourth fiscal quarter as the Company began commercial activity utilizing its rebuilt Zer0Gap advertising technology platform. Advertising revenue for the fourth quarter was approximately $256,000, representing a substantial increase compared with earlier periods in the fiscal year.
• Capital Position: Subsequent to fiscal year-end, the Company completed financing transactions generating approximately $23.7 million in gross proceeds, or approximately $22.3 million in net proceeds.
• Going Concern: Following the financing, management concluded that the Company’s liquidity position alleviated the substantial doubt regarding its ability to continue as a going concern described in prior periods. The Company’s fiscal 2026 independent auditor’s report does not contain a going-concern explanatory paragraph.
• Additional Capital Access: FreeCast also entered into an equity purchase arrangement providing the Company, subject to the terms and conditions of the agreement, the ability to sell up to $50 million of common stock over the applicable commitment period.
• DIRECTV: During fiscal 2026, FreeCast expanded its commercial relationship with DIRECTV across residential and multifamily opportunities as part of the Company’s strategy to combine premium television offerings with FreeCast’s broader media platform.
• Starlink Business: FreeCast entered into a reseller relationship for Starlink Business services, expanding the Company’s ability to address connectivity and media opportunities across commercial and other markets.
• Telecommunications: The Company entered into agreements with Via One affiliates, including Assist Wireless and enTouch Wireless, further extending its PaaS strategy into mobile telecommunications.

Building the Media Layer Above Connectivity

FreeCast’s strategy is increasingly focused on providing a white-label media and monetization platform to companies that already maintain relationships with large numbers of consumers.

Rather than requiring telecommunications providers, broadband operators, satellite companies, property operators and other partners to independently develop and maintain complex streaming ecosystems, FreeCast’s PaaS is designed to provide technology for content discovery, subscription management, payments, advertising and other media services within a partner-branded environment.

“Our objective is straightforward: the telecommunications industry has invested enormous amounts of capital connecting consumers, while an entirely different economic opportunity begins after that connection is established,” said William Mobley, Chief Executive Officer of FreeCast. “FreeCast is building the software layer designed to help our partners participate in what their customers watch, subscribe to and purchase without requiring those partners to recreate the underlying media infrastructure themselves.”

Mobley continued, “Fiscal 2026 was principally about strengthening the platform, capital structure and commercial foundation. Going forward, our focus is execution — converting commercial relationships into deployments, deployments into activated users, and user activity into recurring transaction and advertising opportunities.”

Expanding Commercial Footprint

FreeCast continues to pursue opportunities across broadband, telecommunications, satellite, multifamily housing, utilities and international markets.

The Company has announced initiatives involving FPUAnet, Wire3 and Caribbean markets, among others, as it works to expand the distribution footprint for its PaaS technology. Subsequent to fiscal year-end, FreeCast has also announced additional initiatives, including its U.S. local-market strategy and an agreement involving the distribution of Brazilian television programming.

These announced commercial relationships and initiatives are at varying stages of development and should not be interpreted as representing activated subscribers, guaranteed revenue or recognized revenue unless specifically stated in the Company’s SEC filings.

From Infrastructure to Monetization

FreeCast believes the opportunity for its platform extends beyond traditional streaming subscriptions. The Company is pursuing a business model intended to allow distribution partners to maintain their customer relationships and brands while adding media discovery, subscription transactions, advertising and other monetization capabilities.

Capital → Commercial Partners → Deployments → Activated Users → Transactions and Advertising → Revenue

FreeCast intends to provide additional information regarding its commercial progress as deployments advance and operating metrics become available and appropriate for public disclosure.

Annual Report

FreeCast’s Annual Report on Form 10-K for the fiscal year ended June 30, 2026 contains the Company’s audited consolidated financial statements, Management’s Discussion and Analysis, risk factors and other information concerning the Company’s business, financial condition and results of operations.

Investors are encouraged to review the Form 10-K in its entirety rather than relying solely on the highlights contained in this release.

About FreeCast

FreeCast Inc. (NASDAQ: CAST) is a media and technology company developing an integrated platform for content discovery, streaming, subscription management, advertising and monetization. FreeCast’s Platform-as-a-Service strategy is designed to enable telecommunications providers, broadband companies, satellite operators, multifamily providers and other organizations to offer branded media experiences to their customers without independently developing and maintaining a full streaming technology infrastructure.

For more information, visit FreeCast.com.

For complete information refer to SEC filing at: https://www.sec.gov/Archives/edgar/data/1633369/000121390026104155/ea0306522-10k_freecast.htm

Forward-Looking Statements

All statements other than statements of historical facts included in this press release are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). Generally, such forward-looking statements include statements regarding expectations, possible or assumed future actions, business strategies, events or results of operations, including statements regarding expectations or predictions or future financial or business performance or conditions and those statements that use forward-looking words such as “projected,” “expect,” “possibility” and “anticipate,” or similar expressions. The achievement or success of the matters covered by such forward-looking statements involve significant risks, uncertainties, and assumptions. Actual results could differ materially from current projections or implied results. The Company cautions that statements and assumptions made in this news release constitute forward-looking statements and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management are under no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statements following the date of this news release, whether because of new information, future events or otherwise, except as required by law.