Exceptional Results20 Jan 2020 07:26
RNS
Trading Update
91% revenue growth and significant year-on-year EBITDA improvement
Audioboom (AIM: BOOM), the leading global podcast company, is pleased to provide an unaudited trading update for the 12 months ended 31 December 2019.
Financial Highlights (1)
· Revenue increased 91% to US$22.2 million (2018: US$11.7 million for 13 months)
· Adjusted EBITDA (2) loss reduced 36% to US$3.0 million (2018: loss of US$4.7 million) (3)
· Cash position as at 31 December 2019 was US$2.0 million (31 December 2018: US$1.6 million)
KPIs (1)
· Brand advertiser count of 280 as at 31 December 2019, up 75% on December 2018 (160)
· Global revenue per 1,000 downloads (eCPM) for December 2019 increased 16% to US$29.60 (December 2018: US$25.49)
· Total available premium advertising impressions for the 12 months to 31 December 2019 up 59% to 1,644 million (2018: 1,035 million)