Audioboom Group PLC Trading Update (6015M)
24 May 2022 - 07:10PM
UK Regulatory
TIDMBOOM
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
Brad Clarke, Chief Financial Officer 3765
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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END
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