Audioboom Reports Strong 2024 Financial Performance and Anticipates Continued Growth

The latest announcement is out from Audioboom ( (GB:BOOM) ).

Audioboom Group PLC reported a successful financial year in 2024, with a 13% increase in revenue to $73.4 million and a significant turnaround in adjusted EBITDA profit to $3.4 million. The company’s Showcase advertising marketplace saw a 56% revenue increase, contributing to a 32% share of total revenue. Despite challenges from Apple’s iOS17 update affecting download numbers, Audioboom maintained its market position and expanded its global partnerships. The company anticipates continued growth in 2025 with record revenues and profitability, supported by new partnerships and expanded content offerings.

More about Audioboom

Audioboom is a leading global podcast company, recognized as the fourth largest podcast publisher in the US. The company operates a scalable content business offering commercial, distribution, marketing, and production services for a premium network of top-tier podcasts. Audioboom’s platform supports global partnerships and distributes content through major platforms like Apple Podcasts, Spotify, and YouTube.

YTD Price Performance: 6.10%

Average Trading Volume: 138,448

Technical Sentiment Signal: Hold

Current Market Cap: £65.34M

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