Audioboom celebrates demand for podcasts as swings to adjusted profit

(Alliance News) - Audioboom Group PLC on Wednesday said that revenue climbed comfortably last year amid steady popularity of podcasts.

The Jersey-registered podcast publisher said revenue rose 13% to USD73.4 million in 2024 from USD65.0 million in 2023.

Further, the company swung to adjusted earnings before interest, tax, depreciation and amortisation of USD3.4 million in 2024, from a loss of USD396,000 in 2023.

For 2025, Audioboom expects record revenue and record adjusted Ebitda.

Chief Executive Officer Stuart Last said: "At the heart of our success was the continued growth of Showcase - our global ad-tech marketplace which enables brands to target audiences at scale and ensures podcasters on the Audioboom Creator Network maximise the value from their content. Showcase is the highest gross margin product in our business and is now responsible for 32% of our revenue, up from 23% in 2023."

CEO Last added: "2025 is set to be a record year for Audioboom. We have renewed key partnerships with our best creators including Tim Dillon, Kendall Rae, No Such Thing As A Fish, The Bulwark Network and Cryptic County, and have signed a stellar group of top tier new podcasts to the Audioboom Creator Network, including Reading Reddit, Smosh Mouth, Not Loveline and Aware & Aggravated. We have booked more than US$54 million of revenue for the year, with pricing and demand up significantly from 2024 - reflecting continued improvements in the advertising market."

Audioboom shares rose 4.2% to 422.00 pence each on Wednesday afternoon in London.

By Tom Budszus, Alliance News slot editor

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