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Share Price: 250.00

Bid: 245.00

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Change: 3.00 (1.15%)

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Open: 260.00

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Audioboom "strong sales momentum" leads to guidance bump

Fri, 23rd Apr 2021 10:34

(Alliance News) - Podcast firm Audioboom Group PLC has upwardly revised its 2021 forecast after continued "strong sales momentum", it said on Friday.

The London-based company said it expects 2021 revenue to be "significantly ahead of current market forecasts", with signed advertising bookings for the year now at more than 95% of the recently upwardly revised forecast. An increased adjusted earnings before interest, tax, depreciation and amortisation is also likely, the company added.

Audioboom said the improvement was driven by more advertising bookings, continued audience growth and the launch of podcast Dark Air, with more than 90% of the program's advertising inventory being sold before the podcast had premiered.

Shares in Audioboom were up 5.7% to 697.50 pence in London on Friday morning.

By Will Paige; willpaige@alliancenews.com

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15 Apr 2024 10:10

Audioboom shares dive as annual loss balloons but outlook optimistic

(Alliance News) - Audioboom Group PLC said it was optimistic for 2024 while it reported an increased loss for last year.

15 Apr 2024 08:06

Audioboom swings to FY loss as revenues fall

(Sharecast News) - Podcasting group Audioboom headed south after reporting a fall in full-year revenues and swinging to an underlying loss as a result of a "soft advertising market", constrained by macroeconomic headwinds.

8 Apr 2024 13:57

Audioboom appoints sales executives after record month

(Alliance News) - Audioboom Group PLC on Monday announced the appointment of two new sales executives to drive the company's growth and expansion.

8 Apr 2024 13:29

Audioboom hires two sales execs as ad inventory reaches record high

(Sharecast News) - Podcast producer and distributor Audioboom said in an update on Monday that it had bolstered its revenue operations with the recruitment of two seasoned sales executives, as it reached a record high for advertising inventory.

28 Mar 2024 14:08

TRADING UPDATES: Kitwave buys Total Foodservice for GBP21 million

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15 Mar 2024 17:04

Audioboom seizes market share as it climbs US podcast rankings

(Alliance News) - Audioboom Group PLC said on Friday that it had "boosted its position" on the latest podcast industry rankings and grew its US market share.

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TRADING UPDATES: Audioboom extends partnerships; Ecora eyes growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

16 Feb 2024 14:35

Audioboom reports jump in audience reach

(Sharecast News) - Podcast producer and distributor Audioboom announced a significant milestone in its audience reach on Friday, achieving record-breaking figures in January, propelled by the continued expansion of its podcast network.

16 Feb 2024 10:58

IN BRIEF: Audioboom shares jump on strong growth in "record" January

Audioboom Group PLC - Jersey-registered podcast publisher with offices in London and New York - Says it achieved "record audience reach" last month. Over 38.6 million unique listeners worldwide downloaded podcasts on the Audioboom Creator Network in January, "a new monthly record" and over 9% higher than the average 34.4 million listeners reached per month during the fourth quarter of 2023. Company says it is now the fifth largest US podcast publisher as ranked by Triton Digital LLC, which provides marketing and content management services to audio streaming and podcast companies. Says the difference in weekly listeners between it and third-placed Wondery LLC has shrunk from 2.5 million to 1.5 million. Adds that it "will continue to bring new top tier podcasts with strong audiences to the platform in 2024".

15 Jan 2024 11:01

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Audioboom Grp. Share News (BOOM)

Share Price Information for Audioboom Grp. (BOOM)

Audioboom "strong sales momentum" leads to guidance bump

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