Audioboom (GB:BOOM) has released an update.
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Audioboom Group PLC has exceeded market expectations by reporting an adjusted EBITDA profit of $2.8 million for the fourth quarter of 2024, driven by a notable 49% increase in revenue from its Showcase advertising marketplace. This marks the second upgrade in profit forecasts this year, underscoring the company’s strong performance in the podcasting industry. Audioboom’s robust revenue growth reflects its successful strategy in leveraging scalable ad-tech solutions.
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