Audioboom Grp. Share Price (BOOM)

Totally incorrect and inaccurate posts by 404.

Cigam has addressed most points and shown as misleading.

Looking at Wondery which cherry picked Morbid back in June 2022 the metrics show that Wondery has regressed even with this show with 7 million weekly downloads.

June 2022 weekly downloads 27.9 million and weekly users 7.1million

March 2024 weekly downloads 20.1 million and weekly users 6.7 million

All significantly down.

404x - how can a purchaser be “saddled” with prior losses?

You do realise these can be carried forward to offset future profits? So it’s actually an advantage until these are used up.

The company has no debt so there’s minimal risk in the balance sheet for any purchaser.

Rifkin this is a much more accurate and better report on what iHeart has released. Very positive on the podcast side of the business.

Frankly 404x you can’t think straight. You’re banging a very empty and tinny drum. Nothing new. Audioboom are actually growing the number of podcasters both independent and in house. As already pointed out they have marketing tools with Show Case and Ad Rip etc which if you ever bother to listen or read up are providing bigger percentage of revenue.

I would think about it from an acquirer point of view. Which would be more cost effective, buying the whole company, or peeling off an individual podcaster they have signed up?

Buying the company means being saddled with an enterprise that made a loss of $19m+ last year, made a loss in 4 out of the 5 last years, and has cumulative losses to date of $54m+.

Alternatively they could poach individual podcaster(s). These are the only real assets the business has (that lack of assets is why reported NAV is only $0.13 per share). Do that and you save tens of millions, are free of any encumbrances, and the hassle of trying to turn around the operating business. Personally I can see why Wondery went for this option.