REG - Audioboom Group PLC - 2025 Trading Update

AudioboomAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260115:nRSO9574Oa&default-theme=true

RNS Number : 9574O  Audioboom Group PLC  15 January 2026

 

This announcement contains inside information as stipulated under the UK
Market Abuse Regulations ("MAR").

 

Audioboom Group plc

("Audioboom", the "Group" or the "Company")

 

2025 Trading Update

 Record revenue; adjusted EBITDA profit ahead of expectations

 

Audioboom (AIM: BOOM), the leading global podcast company, is pleased to
provide a trading update for the 12 months ending 31 December 2025.

 

Financial((1)) and operating highlights

 

·      Annual adjusted EBITDA((2)) profit of approximately US$5.1
million, up 54% on 2024 (US$3.4 million) and ahead of 2025 market expectations

·      2025 revenue of approximately US$80.4 million, up 10% on 2024
(US$73.4 million)

·      Total gross profit of approximately US$17.0 million, up 18% on
2024 (US$14.4 million), representing the Company's continued focus on higher
quality revenue

·      Record quarterly revenue of approximately US$24.9 million and
record quarterly adjusted EBITDA profit of approximately US$2.2 million in Q4,
reflecting a 9% adjusted EBITDA margin

·      Continued significant growth of Showcase - our scalable, higher
gross margin, tech-based, global advertising marketplace with record revenue
of approximately US$30.4 million, up 31% on 2024 (US$23.1 million)

·      Q4 average monthly distribution of 150 million downloads and
video views, up 66% on Q4 2024 (91 million views) following the acquisition of
Adelicious in July 2025 and the fast-paced growth of Audioboom's video
podcasts

·      Q4 RPM (average revenue per 1,000 downloads and views) of
US$55.23; as expected, lower than the prior year (Q4 2024: US$75.62) due to
the increase in lower-yield video views and UK downloads. This represents
significant upside opportunity through medium-term value creation in video
podcast monetisation and the expansion of the UK podcast market

·      Group cash at 31 December 2025 of US$4.2 million (31 December
2024: US$3.9 million), with a further US$3.4 million available via an
overdraft facility

·      Conclusion of the final onerous contract on 31 December 2025,
which had been provided for on 30 June 2023, with the Board expecting adjusted
EBITDA in 2026 to once again serve as a proxy for cash generation

 

Key Q4 2025 and post-period commercial developments

 

·    Launch of a commercial partnership with Spotify, which will support
the development of Audioboom's video monetisation engine through expanded
advertising and subscription opportunities

·    Record quarterly revenue from our UK operation following the
successful integration of Adelicious

·    Further expansion of the Audioboom Creator Network through a new
commercial and distribution partnership with History Daily, an award-winning
daily podcast which has been downloaded more than 70 million times since it
launched in 2021

 

 

 

 

Strategic Review

 

The Strategic Review announced on 3 October remains ongoing, and the Board
expects to provide an update on or before the publication of the Company's
results for the year ended 31 December 2025 in April 2026.

 

Stuart Last, CEO of Audioboom, commented:

 

"2025 marked an inflection point in Audioboom's transition from a podcast
network to a scaled audio and video platform. The accretive acquisition of
Adelicious in July created instant scale in the UK market and highlights the
growth opportunity that exists through disciplined M&A. The additional
inventory from the Adelicious network fuelled Showcase, supporting its
continued expansion and record revenue contribution.

 

Video growth was also key to this transition, as we developed a market-leading
position with 13 of the top 100 Youtube video podcasts in the Audioboom
Creator Network.  Podscribe's ranker recognised us as the number 1 network
for video, and our new commercial partnership with Spotify will support our
2026 focus on enhancing our video revenue engine. It will bring new
advertising options as well as direct revenue from subscriptions - this will
be a step forward in ensuring we maximise value for our video creators.

 

Our financial performance in 2025 was very pleasing, with record revenue and
adjusted EBITDA ahead of market expectations for the year. Our gross profit
grew at double the pace of revenue, reflecting our continued focus on
developing higher-quality revenue. Our increased gross margin combined with
our stable operating costs to deliver 54% annual adjusted EBITDA growth - in
Q4 our EBITDA margin hit 9%, highlighting the gearing effect of our business
model as we drive revenue forward.

 

I am excited about 2026. We will have record inventory levels, new
international opportunities, and a continued focus on growing our platform
model. I would like to express my appreciation to the Audioboom team and to
thank shareholders for their continued support and belief in the future of the
Company."

 

1)     Financial information for the year ended 31 December 2025 remains
subject to audit

2)     Earnings before interest, tax, depreciation, amortisation, share
based payments, non-cash foreign exchange movements, material one-off items
and onerous contract provisions and losses incurred

 

Enquiries

 Audioboom Group PLC                                                Tel: +44(0)300 303 3765
 Stuart Last, Chief Executive Officer

 Brad Clarke, Chief Financial Officer

 J Goodwin & Co (Financial Advisers to Audioboom)                   Tel: +44(0)20 3976 6215
 Rupert Hill / Charlie Barnes Yallowley

 Rockefeller Capital Management (Financial Advisers to Audioboom)   Tel:  +1 212-549-5341
 William B. Drewry / Francisco A. Mato

 Cavendish Capital Markets Ltd (Nominated Adviser and Broker)       Tel: +44(0)20 7220 0500
 Jonny Franklin-Adams / Elysia Bough

 Montfort (Financial PR Adviser to Audioboom)
 James Olley                                                        Tel: +44(0)7974 982302

 Jack Hickman                                                       Tel: +44(0)7736 201582

 

About Audioboom

 

Audioboom is a global leader in podcasting - our shows are downloaded and
viewed 150 million times each month by 50 million unique listeners around the
world. Audioboom is ranked as the fifth largest podcast publisher in the US by
Edison Research.

 

Audioboom's ad-tech and monetisation platform underpins a scalable content
business that provides commercial, distribution, marketing and production
services for a premium network of top tier podcasts. Key partners include the
official Formula 1 podcasts 'F1: Beyond the Grid' and 'F1 Nation', 'True Crime
Obsessed' (US), 'The Tim Dillon Show' (US), 'No Such Thing As A Fish' (UK) and
'The Cycling Podcast' (UK).

 

Audioboom operates internationally, with global partnerships across North
America, Europe, Asia and Australia. The platform distributes content via
Apple Podcasts, YouTube, Spotify, Pandora, Amazon Music, Google Podcasts,
iHeartRadio, Facebook and Twitter as well as a partner's own websites and
mobile apps.

 

For more information, visit audioboom.com.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTGPUAAGUPQGRC



            Copyright 2019 Regulatory News Service, all rights reserved