Business
Trading Update and Notice of Investor Presentation
Trading Update and Notice of Investor Presentation.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8843X\n Audioboom Group PLC\n 10 January 2022\n \n \n \n \n \n \n \n This announcement contains inside information as stipulated under the UK Market Abuse Regulations (\"MAR\").\n \n \n \n \n \n Audioboom Group plc\n \n \n (\"Audioboom\", the \"Group\" or the \"Company\")\n \n \n \n \n \n 2021 Trading Update and Notice of Investor Presentation\n \n \n \n 125% annual revenue growth and\n \n \n maiden annual profit\n \n \n \n Record quarterly performance in Q4 2021\n \n \n \n \n \n Audioboom (AIM: BOOM), the leading global podcast company, is delighted to provide a trading update for the 12 months ended 31 December 2021.\n \n \n \n \n \n Financial(1) and operating highlights\n \n \n \n \n \n \n · \n 2021 revenue of approximately US$60.2 million, up 125% on 2020 (US$26.8 million). Year-on-year growth outpaced the predicted wider industry growth by 108%(2)\n \n \n · \n Maiden annual adjusted EBITDA(3) profit, ahead of market expectations, of approximately US$3.0 million (2020: US$1.8 million loss), with the Company recording positive adjusted EBITDA(3) in every month in 2021\n \n \n · \n Maiden annual net profit of approximately US$1.4 million (2020: US$3.3 million loss)\n \n \n · \n Q4 2021 revenue of US$20.5 million, up 141% on Q4 2020 (US$8.5 million), and up 21% on Q3 2021 (US$16.9 million)\n \n \n · \n Average global monthly downloads for Q4 increased to 113 million, up 39% on Q4 2020 (81.7 million). Global downloads in October 2021 reached a record 115.7 million\n \n \n · \n Average brand advertiser count for Q4 of 396, up 32% on Q4 2020 (301)\n \n \n · \n Average global revenue per 1,000 downloads (eCPM) for Q4 increased to US$55.85, up 49% (Q4 2020: US$37.55)\n \n \n · \n Cash ended the period ahead of expectations, with Group cash of US$3.0 million (31 September 2021: US$1.2 million) and the Company still had access to US$3.3 million of the non-revolving SPV loan facility\n \n \n \n Key Q4 2021 and post-period commercial developments\n \n \n \n · \n Significant growth of ad tech related revenue during Q4 2021, driven by an increase in adoption of our proprietary inventory creation tool AdRip, and the launch in November 2021 of Showcase, our global advertising marketplace. Revenue from ad tech in Q4 was approximately 3.5X that of Q1 2021 and for the first tim...