“A Profitable Podcast Powerhouse” — that’s how Audioboom alliteratively self-describes in its Q3 earnings report.
Audioboom delivered $20.4 million revenue and $1.2 million profit in the quarter, garnered a 45% jump in advertisers, and claims “the #1 spot in video advertising rankings.”
The company puts special focus on the Audioboom Creator Network, which reportedly delivers over 35 million “downloads and views” each month. The company is predicting the “strongest quarter yet” for Q4.
The company’s July acquisition of podcast hosting network Adelicious (RAIN HERE) is emphasized. The maneuver created the second largest podcast network in the UK.
Creators have reason to celebrate, the company infers, noting that it paid out $325 million in “cumulative payments to creators.” The Audioboom platform serves over 8,000 podcasters around the world.
“Audioboom’s positive momentum has continued throughout Q3, with record revenue, profit, and audience growth achieved,” said Stuart Last, CEO of Audioboom. “We are reshaping the industry by leading in video podcasting and creating new value for both creators and advertisers around the globe.”
