In its Q3 Trading Update, Audioboom, the word “record” appears four times in the “Financial and operating insights” section. (The report is HERE.)
The four record results are:
- Q3 revenue up 34% (U.S. $18.8M)
- Q3 adjusted EBITDA (profit U.S. $1.0M)
- Quarterly performance from the company’s global advertising marketplace, Showcase ($7M, up an eye-popping 99% year-over-year)
- Q3 eCPM up 79%
Audioboom takes the opportunity to brag about its chart positioning: “(The company) maintained fifth position in both the Triton Digital and Edison Research rankers of the top US podcast publishers, closing the gap to fourth place by more than 3.5 million weekly downloads and 0.5 million unique listeners.”
CEO Stuart Last offered a comment looking ahead to the final quarter:
“The final quarter is always an exciting time for the business, buoyed by strong advertising demand around sports seasons and the holidays. This year the US election will boost that demand further – our politics and news programming slates have seen their audiences grow by more than 34% during the early part of presidential campaigning, and this growth has quickly translated to revenue opportunity.” –Stuart Last, CEO
See the original release HERE.
