REG - Audioboom Group PLC - Q2 Trading Update

AudioboomAnnouncement

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RNS Number : 0677Q  Audioboom Group PLC  08 July 2025

 

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

 

Audioboom Group plc

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

 

Q2 2025 Trading Update

400% adjusted EBITDA increase and 35% gross profit growth

 

Audioboom (AIM: BOOM), the leading global podcast company, is pleased to
provide a trading update for the quarter ending 30 June 2025.

 

Financial and operational KPIs

·    Q2 adjusted EBITDA((1)) profit of US$1.2 million, US$1.0 million
higher than Q2 2024 (US$0.2 million), highlighting the continued strong
performance of the business model

·    Q2 gross profit of US$4.0 million, up 35% on Q2 2024 (US$3.0 million)
representing a gross margin of 23% (Q2 2024: 18%)

·    Q2 revenue of US$17.8 million, up 5% on Q2 2024 (US$17.0 million)

·    Continued strong growth of Showcase - our higher gross margin,
tech-based global advertising marketplace - with Q2 revenue up 16%
year-on-year

·    Expansion of the Audioboom Creator Network, with average monthly
distribution in Q2 of 100 million downloads and views - up 5% year-on-year

·    Group cash at 30 June 2025 of US$2.5 million, with a further US$2.0
million collected in the first four days of July and a further US$3.4 million
available via an overdraft facility

·    The Company has in excess of US$70 million revenue for 2025 booked -
more than US$5 million added since the April 2025 Trading Update and US$5
million more than at the same point last year

 

Commercial highlights

·    Launched a new partnership with Gumball FM to bring Adaptive Ads - a
scalable AI driven advertising product - to Showcase, expanding monetisation
options for creators utilising our global advertising marketplace

·    Expansion of the Audioboom Creator Network through new tier one
content partnerships, including Something Was Wrong, Undisclosed, Al Franken,
What They Don't Tell You and On the Case with Paula Zahn.  These shows are
expected to contribute more than four million downloads and YouTube views per
month to the Audioboom Creator Network

 

(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

 

Stuart Last, CEO of Audioboom, commented:

 

"A very positive second quarter reflects the continued improvements we have
made across the business. Revenue is up 5%, gross profit is up 35%, and
adjusted EBITDA is up by approximately 400% - a fantastic achievement by the
Audioboom team.

 

Topline growth is primarily driven by the expansion of the Audioboom Creator
Network, and higher gross profit  - a key metric as we focus on higher
quality, higher margin income - grew significantly as Showcase, with its
higher gross margin, continued to perform strongly. Our stable opex base - a
result of our platform's scalability - helped deliver significantly higher
adjusted EBITDA than for the same period last year.

 

The second half of 2025 is primed for further growth as new podcasts join
Audioboom, knowing we are leaders in delivering maximum value for their work.
The advertising market remains stable despite global economic uncertainties,
and with our highest demand season on the horizon I am excited about
delivering Audioboom's strongest ever year."

 

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/Elysia Bough/Fergus Sullivan (Corporate Finance)       Tel: +44(0)20 7220 0500

 Harriet Ward (ECM)

About Audioboom

 

Audioboom is a global leader in podcasting - our shows are downloaded 100
million times each month by 38 million unique listeners around the world.
Audioboom is ranked as the fifth largest podcast publisher in the US by Triton
Digital.

 

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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