Targetspot revenues up 56% in first half of 2021

Digital audio ad company Targetspot, the largest division of audio solutions company AudioValley, enjoyed a 56% rise in revenue in H1 2021, over the previous year. “Several months of record growth were recorded in Q2 in the US, the main driver of this growth,” the company stated in an earnings disclosure. Targetspot represents 91% of AudioValley Group’s business.

IN the U.S., digital audio advertising revenues were even higher for Targetspot, which recorded a 72% increase. European business gaine 28%.

Overall, AudioValley reported a slight year-over-year net revenue gain of 40,000 Euros.

AudioValley received a capital investment of 8.6-million Euros in April of this year.


Brad Hill