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Audioboom sees 171% revenue growth for H1 2019

Podcast company Audioboom reported its financial results from the first half of 2019. Revenue in the first six months of the year totaled $9.8 million, up 171% on-year. More than 88% of the revenue figure came from the U.S., although the company also saw more than 100% increase in its UK revenue to reach $1.1 million. Audioboom cut its EBITDA loss in half, from $2.8 million in H1 2018 to $1.4 million in H1 2019.

The company said it is seeing better margins from shows in its Audioboom Originals Network and its co-production partnership. COO Stuart Last said in a blog post with the financial updates that Audioboom said will be increasing its commitment to those two outlets, with 10 new shows in development.

Anna Washenko

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