UK-headquartered, publicly traded podcast company Audioboom released its Q2 202 Trading Update, spelling out key business metrics and CEO commentary.
“5%, gross profit is up 35%, and adjusted EBITDA is up by approximately 400% – a fantastic achievement by Audioboom.” Stuart Last, CEO, Audioboom
Key attributions leading to the positive topline results include expansion of the Audioboom Creator Network, and higher gross profit. Audioboom tells its investors the company is focusing on higher quality, higher margin income.
The sunny reporting of Q2 follows the Q1 report (RAIN HERE), in which Stuart Last noted, “Our business model continues to go from strength to strength.”
Key metrics:
- Q2 adjusted EBITDA(1) profit of US$1.2 million, US$1.0 million higher than Q2 2024 (US$0.2 million), highlighting the continued strong performance of the business model
- Q2 gross profit of US$4.0 million, up 35% on Q2 2024 (US$3.0 million) representing a gross margin of 23% (Q2 2024: 18%)
- Q2 revenue of US$17.8 million, up 5% on Q2 2024 (US$17.0 million)
- Continued strong growth of Showcase – our higher gross margin, tech-based global advertising marketplace – with Q2 revenue up 16% year-on-year
- Expansion of the Audioboom Creator Network, with average monthly distribution in Q2 of 100 million downloads and views – up 5% year-on-year
- Group cash at 30 June 2025 of US$
Stuart Last sets up investors for the year ahead like this:
“The second half of 2025 is primed for further growth as new podcasts join Audioboom, knowing we are leaders in delivering maximum value for their work. The advertising market remains stable despite global economic uncertainties, and with our highest demand season on the horizon I am excited about delivering Audioboom’s strongest ever year.”