Audioboom released its Q1 financial report (HERE). The audio company is publicly traded on the London Stock Exchange, ticker symbol BOOM.
Amid the statistics in a 12-page deck, we see the following financial highlights:
- Q1 revenue of US$22.5 million, up 30% on Q1 2025 (US$17.3 million)
- Continuing outperformance of Showcase – our higher gross margin, tech based global advertising marketplace – with Q1 revenue up 63% year-on-year driven by inventory growth and higher demand
- Q1 gross profit of US$4.8 million, up 41% on Q1 2025 (US$3.4 million) and representing a gross margin of 21.3% (Q1 2025: 19.7%), as a result of our continued focus on higher quality revenue and improved creator contracts
- Q1 adjusted EBITDA(1) profit of US$1.4 million, up 118% on Q1 2025 (US$0.6 million), highlighting the continued strong performance of the business model and representing an adjusted EBITDA margin of 6.2% (Q1 2025: 3.7%)
- Opex has remained stable at a monthly average cost of US$1.1 million, with the Company now benefiting from high operational gearing ensuring that marginal revenue converts to marginal adjusted EBITDA at a rate in excess of 20%
- Q1 average monthly distribution of 170 million downloads and video views, up 79% on Q1 2025 (94.8 million views) following the acquisition of Adelicious in July 2025, the fast-paced growth of Audioboom’s video podcasts, and the recently announced signings of Crooked Media and RedHanded to the Audioboom Creator Network
- Q1 RPM (average revenue per 1,000 downloads and views) of US$45.10, lower than the prior year (Q1 2025: US$60.83), as expected, due to the increase in lower-yield video views and UK downloads. This represents significant upside opportunity through medium-term value creation in video podcast monetisation and the expansion of the UK podcast market
- Group cash at 31 March 2026 of US$5.5 million (31 December 2025: US$4.2 million), with a further US$3.4 million available via an overdraft facility
We also note the following:
- New sponsorship with Spotify and Apple
- Expansion of the Audioboom Creator Network with new partnerships with Crooked Media, RedHanded, and Hear Me Out. These additions contribute 200 million monthly available impressions to Audioboom’s Showcase marketplace.
- Renewals of key contracts.
“2026 is off to a flying start for Audioboom,” lauded CEO Stuart Last.
He also observed that “optimising the yield from those new downloads and video views” is the key to future growth. Right now, Audioboom has record inventory levels.
