The company is clearly pleased with its first quarter financials.
“Our business model continues to go from strength to strength.” — Stuart Last, CEO, Audioboom
In its Q1 trading update, UK-based Audioboom reported several key metrics:
- Q1 adjusted EBITDA(1) profit of US$0.7 million, up 10X on Q1 2024 (US$0.07 million)
- Q1 revenue of US$17.3 million, up 1% on Q1 2024 (US$17.1 million)
- Significant growth of Showcase – our higher gross margin, tech-based global advertising
marketplace – with Q1 revenue up 36% year-on-year - Record Q1 RPM (average revenue per 1,000 downloads) of US$60.83, up 17% (Q1 2024:
US$52.17)
“We expect Q1 2025 to be the final period impacted by the Apple iOS17 update with a return to positive distribution growth expected in Q2 2025.” — Stuart ast, CEO, Audioboom
The company emphasizes its partnership with Sounder, which provides AI capabilities to Audioboom’s Showcase segment.
Several new content partnerships are emphasized, adding more than five million downloads. That partnership roster includes Reading Reddit, Smosh Mouth, Not Loveline, Take It Easy, Small Town Dicks, The Honeydew Podcast and Aware and Aggravated.
“10x adjusted EBITDA profit growth is a fantastic way to kick-off 2025. Our business model continues to go from strength to strength as our focus on higher-margin revenue coupled with our continuing stable operating costs has delivered a very positive Q1.” — Stuart Last
