Business
Q1 Trading Update
Audioboom Group plc reported a strong first quarter for 2026, with revenue increasing by 30% year-on-year to US$22.5 million, driven by a 63% rise in Showcase revenue and improved creator contracts. Gross profit grew 41% to US$4.8 million, resulting in a gross margin of 21.3%, while adjusted EBITDA surged 118% to US$1.4 million, reflecting a 6.2% margin. Monthly downloads and video views reached 170 million, up 79%, following the Adelicious acquisition and new signings, though RPM decreased to US$45.10 due to increased video content. The company ended the quarter with US$5.5 million in cash. Disclaimer*
About this update from Audioboom Group Plc
This announcement contains inside information as stipulated under the UK Market Abuse Regulations ("MAR"). Audioboom Group plc ("Audioboom", the "Group" or the "Company") Q1 Trading Update Record Q1: 30% Revenue Growth and 118% adjusted EBITDA Growth Audioboom (AIM: BOOM), the leading global podcast company, is pleased to provide a trading update for the quarter ended 31 March 2026. Financial and operating highlights · Q1 revenue of US$22.5 million, up 30% on Q1 2025 (US$17.3 million) · Continuing outperformance of Showcase - our higher gross margin, tech based global advertising marketplace - with Q1 revenue up 63% year-on-year driven by inventory growth and higher demand · Q1 gross profit of US$4.8 million, up 41% on Q1 2025 (US$3.4 million) and representing a gross margin of 21.3% (Q1 2025: 19.7%), as a result of our continued focus on higher quality revenue and improved creator contracts · Q1 adjusted EBITDA(1) profit of US$1.4 million, up 118% on Q1 2025 (US$0.6 million), highlighting the continued strong performance of the business model and representing an adjusted EBITDA margin of 6.2% (Q1 2025: 3.7%) · Opex has remained stable at a monthly average cost of US$1.1 million, with the Company now benefiting from high operational gearing ensuring that marginal revenue converts to marginal adjusted EBITDA at a rate in excess of 20% · Q1 average monthly distribution of 170 million downloads and video views, up 79% on Q1 2025 (94.8 million views) following the acquisition of Adelicious in July 2025, the fast-paced growth of Audioboom's video podcasts, and the recently announced signings of Crooked Media and RedHanded to the Audioboom Creator Network · Q1 RPM (average revenue per 1,000 downloads and views) of US$45.10, lower than the prior year (Q1 2025: US$60.83), as expected, due to the increase in lower-yield video views and UK downloads. This represents significant upside opportunity through medium-term value creation in video podcast monetisation and the expansion of the UK podcast market · Group cash at 31 March 2026 of US$5.5 million (31 December 2025: US$4.2 million), with a further US$3.4 million available via an overdraft facility Commercial highlights  ...
View stock analysis, news, and events for Audioboom Group Plc