Audioboom Group Plc · LSE:BOOM
Audioboom — Q1 2025 Earnings Presentation
19 slides from Audioboom's earnings presentation, April 2025
Slide 1: Investor Update April 2025
Investor Update April 2025 AUDIOBOOM.COM
Slide 2: Stuart Last, CEO and Brad Clarke, CFO
STUART LAST BRAD CLARKE CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER OFFICER 1
Slide 3: Q1 2025 Executive Summary
Q1 2025 Executive Summary 10X yoy EBITDA growth $63 million of revenue booked for 2025 (up $8m vs 2024) High quality revenue focus increasing gross margin Showcase becomes AI-powered Industry leading monetisation engine Key renewals and new signings setting up positive 2025 Record perf
Slide 4: 1. Podcast Market & Business Model
1. PODCAST MARKET & BUSINESS MODEL 3
Slide 5: Business Model
Business Model AUDIOBOOM POWERS PODCASTING OUR TECHNOLOGY PLATFORM CONNECTS ADVERTISERS WITH CONTENT, AND DISTRIBUTES TO AUDIENCES GLOBALLY AUDIENCE CREATORS ADVERTISERS 4
Slide 6: The Model Delivers Growth
The Model Delivers Growth AUDIOBOOM REVENUE (US$M) AND GROWTH OPPORTUNITY 215 Industry 22% Audioboom CAGR 38% CAGR 73.4 80 60.3 74.9 65 22.3 26.8 6.1 11.7 2017 2018 2019 2020 2021 2022 2023 2024 2025E 2030 CONSISTENT TRACK RECORD FUTURE OPPORTUNITY 1,200% growth since 2017 $215m+ revenue opportu
Slide 7: The Leading Independent Podcast Platform
The Leading Independent Podcast Platform 3RD LARGEST PUBLISHER IN THE US TRITON DIGITAL GLOBAL LEADER UNITED KINGDOM: 2nd AUSTRALIA: 4th CANADA: 4th NEW ZEALAND: 2nd LATIN AMERICA: 9th 6
Slide 8: 2. Performance Update
2. PERFORMANCE UPDATE 7
Slide 9: Q1 2025 Performance Overview
Q1 2025 Performance Overview $17.3M $0.7M Q1 2025 REVENUE Q1 2025 ADJ. EBITDA Up 1% vs Q1 2024 10X vs Q1 2024 More than $3m of low- performing contracts 25% improvement in relinquished and replaced Q1 gross margin vs Q1 2024 6th successive quarter of year-on-year revenue Continued stabil
Slide 10: Focus On Quality of Revenue
Focus On Quality of Revenue AUDIOBOOM REVENUE CONTRIBUTION AND GROSS MARGIN Q1 2024 52% 26% 22% Q1 2025 55% 14% 31% GROSS MARGIN Premium Sonic Showcase 22% 15% 30% 25% $3M 10X GROSS MARGIN LOW PERFORMING ADJUSTED EBITDA IMPROVEMENT CONTRACTS REPLACED INCREASE VS. Q1 2024 VS. Q1 2024 VS. Q1 2024 9
Slide 11: Key Performance Indicators
Key Performance Indicators GLOBAL DISTRIBUTION - monthly (M) RPM ($ per 1,000 downloads) BRAND COUNT 126 125 127 $76 9,497 113 8,406 $66 8,974 108 110 110 99 97 95 $59 $60 $61 8,257 92 6,498 95 87 $56 $56 7,960 7,839 81 5,944 77 APPLE’S $51 $51 $52 91 73 iOS17 UPDATE $43 63 5,699 4,045 $41 $41 $37 $
Slide 12: Showcase – Powered by AI
Showcase – Powered by AI BLUE-CHIP SHOWCASE BRAND CREATOR AD-TECH PLATFORM ADVERTISING CONTENT & AD INVENTORY REAL-TIME SUPPLY & PROGRAMMATIC DEMAND MATCHING BUYING ECOSYSTEM SOUNDER AI BRAND SAFETY CONTEXTUAL TARGETING 36% 34% REVENUE INCREASE PRICING INCREASE VS. Q1 2024 VS. Q1 2024 11
Slide 13: Revenue, Gross Margin and MG Analysis
Revenue, Gross Margin and MG Analysis REVENUE ($M) 6 50% Gross Profit ($M) Gross Margin (%) 20.5 45% 19.2 18.8 4.8 17.1 17 17.3 40% 3.8 35% 14 4 3.4 30% 3 2.8 2.7 25% 24% 20% 2 20% 20% 18% 15% 16% 14% 10% 0.5 5% 0 3% 0% Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1
Slide 14: Opex and Adjusted EBITDA
Opex and Adjusted EBITDA OPEX ($M) ADJ EBITDA ($M) 2.1 1.5 1 2.7 2.8 2.8 2.8 2.8 0.7 2.6 2.4 0.2 0.2 0.1 -0.5 -2 -2.5 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 • High quality revenue growth + constantly reducing MG exposure = increasing gross margin + consis
Slide 15: Cash and Debtors
Cash and Debtors Cash ($M) Bad Debt Write Off ($000) Debtor Days 227 4.3 3.9 3.7 3.5 141 3.3 3 3.1 91 82 75 94 52 81 68 22 2021 2022 2023 2024 Q1 25 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 • Efficiency in working capital cycle continues; • $19.5m collected in Q1 25, 113% of revenue booked • $22k o
Slide 16: 3. 2025
3. 2025 15
Slide 17: 2025: $80 Million Revenue, $4.5M Adj EBITDA
2025 $80 MILLION REVENUE(3) PREMIUM TIER 1 $63M+ SHOWCASE SHOW TECH PRICING SHOW BOOKED +AI RENEWALS INVESTMENT +17% SIGNINGS $4.5M adj EBITDA(3) SHOWCASE REMOVAL OF LOW STABLE OPEX GROSS MARGIN GROSS MARGIN CONTRACTS 16 (3) 2025 market expectations set by Audioboom research analysis provided by Cav
Slide 18: Q&A
«B Audioboom Q&A
Slide 19: Contact Us
CONTACT US Stuart Last Chief Executive Officer stuart@audioboom.com Brad Clarke Chief Financial Officer brad@audioboom.com