REG - Audioboom Group PLC - Trading Update

AudioboomAnnouncement

24/05/2022 10:15

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RNS Number : 6015M  Audioboom Group PLC  24 May 2022

 

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

 

Audioboom Group plc

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

 

Trading Update

 

Audioboom (AIM: BOOM), the leading global podcast company, notes the recent
share price movement and is pleased to announce continued strong trading.
Highlights relating to April 2022 include:

 

-      Revenue of US$7.1 million (April 2021: US$3.8 million), up 86%

-      Adjusted EBITDA( 1 ) profit of US$0.5 million (April 2021: US$0.05
million)

-      Group cash as at 30 April 2022 of US$4.4 million (31 March 2022:
US$3.1 million)

-      Global monthly downloads increased to a record 131.9 million, up
44% on April 2021 (91.4 million)

-      Brand advertiser count of 378, up 24% on April 2021 (306)

-      Average global revenue per 1,000 downloads (eCPM) increased to
US$53.91, up 22% (April 2021: US$29.04)

 

Sales momentum has continued strongly into the second quarter, with the
Company having contracted revenue in excess of US$66 million for 2022 through
advance advertising bookings, with US$5.5 million of advance bookings added
since the Trading Update on 11 April 2022.

 

Stuart Last, CEO of Audioboom, commented: "Audioboom's excellent trading
performance has continued into the second quarter of 2022, culminating with
April delivering strong revenue and adjusted EBITDA profit. We have continued
to see high advertiser demand, with booked revenue of US$66 million giving us
good confidence for the year ahead."

 

1)     Earnings before interest, tax, depreciation, amortisation, share
based payments, non-cash foreign exchange movements and material one-off items

 

Enquiries

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

 Brad Clarke, Chief Financial Officer

 finnCap Ltd (Nominated Adviser and Broker)                              Tel: +44(0)20 7220 0500
 Jonny Franklin-Adams/Abigail Kelly/Milesh Hindocha (Corporate Finance)

 Richard Chambers/Harriet Ward (ECM)

About Audioboom

 

Audioboom Group plc ("Audioboom") is a global leader in podcasting - our shows
are downloaded more than 126 million times each month by 34 million unique
listeners around the world. Audioboom is ranked as the fourth largest podcast
publisher in the US by Triton Digital.

Audioboom's ad-tech and monetisation platform underpins a scalable content
business that provides commercial services for a premium network of 250 top
tier podcasts, with key partners including 'Casefile True Crime' (US),
'Morbid' (US), 'True Crime Obsessed' (US), 'The Morning Toast' (US), 'No Such
Thing As A Fish' (UK), and 'The Cycling Podcast' (UK).

Audioboom Studios is home to a slate of content developed and produced by
Audioboom, including 'Dark Air with Terry Carnation', 'F1: Beyond The Grid',
'RELAX!', 'Covert', 'It's Happening with Snooki & Joey', 'Mafia', 'Huddled
Masses' and 'What Makes A Killer'.

Audioboom operates internationally, with operations and global partnerships
across North America, Europe, Asia and Australasia. The platform allows
content to be distributed via Apple Podcasts, Spotify, Pandora, Amazon Music,
Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook
and Twitter as well as a partner's own websites and mobile apps.

 

For more information, visit audioboom.com.

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