FreeCast, Inc.

FreeCast, Inc.

Overview

FreeCast offers a white-label Platform-as-a-Service (PaaS) that lets enterprises provide their own branded entertainment and media hubs while retaining their customer relationships. FreeCast supplies the technology, content aggregation, and monetization infrastructure.

Core offering

• A unified gateway for free and paid streaming, FAST channels, live TV, on-demand content, and related services.
• Consolidates discovery, access, subscriptions, payments, and advertising across computers, mobile devices, streaming devices, and smart TVs.

Revenue (fiscal 2026)

• Advertising: $385,602
• FAST revenue (related parties): $267,509
• Subscriptions: $56,311
• Other: $1,460
• Total recognized revenue: $710,882

Technology and platforms

• SmartGuide®: proprietary digital interactive guide for discovering and accessing free and paid entertainment, with direct linking to original content sources.
• Zer0Gap Ads: in-house advertising technology launched March 2026 to deliver, manage, and monetize digital video ads across FreeCast’s ecosystem and partner audiences; development began in March 2025 and rollout occurred in Q4 FY2026.
• Content aggregation: proprietary crawling and indexing across thousands of sources; licenses to Gracenote (Nielsen) and TMDB (Rovi/TiVo) for metadata and real-time updates.

Deployment models

• Platform-as-a-Service (PaaS): white-label platform for telecom operators, ISPs, municipalities, and other enterprises to offer branded media hubs.
• Broadcast Enabled Streaming TV (BEST): pairs over-the-air local broadcast with an online stream, including DRM for compatible devices.
• Direct-to-Device (D2D): branded TV services on partner devices via telecom operators and ISPs, combining local OTA, FAST channels, and on-demand content.

Distribution and partnerships

• Distribution partnerships and dealer arrangements extend the platform through third-party providers (for example, DIRECTV).
• March 2025: dealer agreement with DIRECTV, LLC to promote and make orders for DIRECTV streaming services to subscribers.
• June 4, 2026: agreements with Via One affiliates (Assist Wireless, enTouch Wireless) to use the PaaS ecosystem for aggregated streaming and distribution.
• June 11, 2026: expanded DIRECTV relationship across direct-to-consumer residential initiatives and the PaaS partner ecosystem.
• June 18, 2026: reseller agreement for Starlink Business to offer enterprise satellite broadband connectivity with streaming and advertising services.

Customers and market reach

• As of June 2026, 25 distribution partners representing a potential reach of approximately 31.2 million users.
• Pipeline of 14 potential partners representing approximately 14.7 million potential customers.
• Two related-party customers accounted for more than 36% of revenue in 2026 and more than 35% in 2025.

Subscribers

• Total subscribers: 1,194,219
  • Ad-Supported: 1,179,944
  • Paid: 14,275
• A subscriber is any account registered for access, regardless of activity; inactive accounts are included in the total.

People and facilities

• Employees: 47 full-time and 44 contract (as of June 30, 2026).
• Headquarters: Orlando, Florida; approximately 10,080 square feet; lease through October 31, 2028; base rent $10,038 per month with 5% annual increases.

Intellectual property and licensing

• Proprietary content management system and web crawler software licensed from Nextelligence, Inc., which is owned by William A. Mobley, Jr., CEO and Chairman. The Technology Agreement provides an exclusive license to the technology; ownership remains with Nextelligence. Termination events include breach, insolvency, or change of control.
• Gracenote (Nielsen) license for entertainment data: $16,200 monthly.
• TMDB data/license with Rovi/TiVo: $5,841 monthly.
• These licenses and data services support content discovery, metadata, and guide functionality.

Financial position and results (selected figures)

• Net loss for 2026: approximately $13.0 million; 2025 net loss: approximately $14.1 million.
• Accumulated deficit: approximately $219.7 million.
• Stockholders’ equity: approximately $2.25 million.
• Began trading on the Nasdaq Global Market on March 10, 2026 and experienced volatility in price and liquidity during 2026.
• Post-June 2026 financing: July 2026 private placement raised approximately $23.7 million gross; proceeds intended to fund operations for at least 12 months.

Market context

The company operates in a market shifting from traditional pay TV to internet-delivered streaming, with continued fragmentation and demand for white-label, integrated platform solutions for enterprise distribution and monetization.

Summary

FreeCast provides an enterprise-ready, white-label media hub platform that aggregates live, on-demand, and streaming content; enables partner-branded discovery, subscriptions, advertising, and transactions; and monetizes through advertising, FAST services, and subscriptions. The company supports multiple deployment models (PaaS, BEST, D2D) and continues development of its Zer0Gap Ads ad-tech.