REG - Audioboom Group PLC - Q1 Trading Update

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RNS Number : 6507A  Audioboom Group PLC  16 April 2026

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

 

Audioboom Group plc

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

 

Q1 Trading Update

 Record Q1: 30% Revenue Growth and 118% adjusted EBITDA Growth

 

Audioboom (AIM: BOOM), the leading global podcast company, is pleased to
provide a trading update for the quarter ended 31 March 2026.

 

Financial and operating highlights

 

 ·         Q1 revenue of US$22.5 million, up 30% on Q1 2025 (US$17.3 million)
 ·         Continuing outperformance of Showcase - our higher gross margin, tech based
           global advertising marketplace - with Q1 revenue up 63% year-on-year driven by
           inventory growth and higher demand
 ·         Q1 gross profit of US$4.8 million, up 41% on Q1 2025 (US$3.4 million) and
           representing a gross margin of 21.3% (Q1 2025: 19.7%), as a result of our
           continued focus on higher quality revenue and improved creator contracts
 ·         Q1 adjusted EBITDA((1)) profit of US$1.4 million, up 118% on Q1 2025 (US$0.6
           million), highlighting the continued strong performance of the business model
           and representing an adjusted EBITDA margin of 6.2% (Q1 2025: 3.7%)
 ·         Opex has remained stable at a monthly average cost of US$1.1 million, with the
           Company now benefiting from high operational gearing ensuring that marginal
           revenue converts to marginal adjusted EBITDA at a rate in excess of 20%
 ·         Q1 average monthly distribution of 170 million downloads and video views, up
           79% on Q1 2025 (94.8 million views) following the acquisition of Adelicious in
           July 2025, the fast-paced growth of Audioboom's video podcasts, and the
           recently announced signings of Crooked Media and RedHanded to the Audioboom
           Creator Network
 ·         Q1 RPM (average revenue per 1,000 downloads and views) of US$45.10, lower than
           the prior year (Q1 2025: US$60.83), as expected, 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 March 2026 of US$5.5 million (31 December 2025: US$4.2
           million), with a further US$3.4 million available via an overdraft facility

 

Commercial highlights

 

 ·         Launch of partnerships with Spotify and Apple, which will support the

         development of Audioboom's video monetisation engine through expanded
           advertising and subscription opportunities

 ·         Hosted the inaugural UK Audioboom Upfronts in London, showcasing top UK
           podcast talent to brands, agencies and advertisers
 ·         New signings in the quarter have expanded the Audioboom Creator Network with
           the addition of tier one content partnerships including Crooked Media,
           RedHanded and Hear Me Out. These shows are contributing more than 20 million
           downloads and YouTube views per month to the Audioboom Creator Network in
           2026, and more than 200 million monthly available impressions to the Showcase
           marketplace
 ·         Renewal in the quarter of key contracts with leading podcasts in our creator
           network, including F1: Beyond the Grid, Soder, Zane and Heath: Unfiltered, The
           Sabrina Zohar Show and Monsters Among Us

 

 

 

Stuart Last, CEO of Audioboom, commented:

 

"2026 is off to a flying start for Audioboom with new major podcast signings,
the launch of commercial partnerships in video, and excellent financial
performance by all metrics.

 

Our business model continues to go from strength to strength, and our results
highlight the scalability in our global platform business. Revenue is up 30%,
driven by record inventory levels and an uptick in advertising prices. Our
focus on high quality revenue delivered gross profit 41% up on Q1 2025, and
our stable cost-base ensured we maximised profitability with adjusted EBITDA
growth of 118%.

 

In February we signed Crooked Media to the Audioboom Creator Network. Crooked
is a leader in political podcasting, and will be part of our network through
this year's US midterm election and the 2028 Presidential election. Together
with other newly signed top tier podcasts like RedHanded and Hear Me Out, more
than 20 million new downloads and video views have been added to the platform
as we achieved record monthly distribution of 170 million during the quarter -
up 79% on the same period last year.

 

Optimising the yield from those new downloads and video views will be key to
our future growth. Our new partnerships with Spotify and Apple provide us with
enhanced monetisation options for our video creators, ensuring we are the
go-to platform for podcasters whether in audio or video form.

 

I am excited about 2026. We will have record inventory levels, new commercial
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)     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
 Stuart Last, Chief Executive Officer                                       Tel: +44(0)20 3714 4285

 Brad Clarke, Chief Financial Officer

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

 Harriet Ward (ECM)

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

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

 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 170 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.

 

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