Chairman's Statement from Annual Report7 Jun 2022 15:37
Chairman’s Statement
I am delighted to introduce these annual results which reflect upon the fantastic performance of 2021 and a very strong start to 2022.
As the Company bounced back from a somewhat Covid- constrained 2020, the strength of its business model was illustrated by 125% top-line growth (more than doubling the projected growth of the wider industry), a maiden annual profit and impressive growth across all of its KPIs and operational areas. Market expectations were regularly exceeded throughout the year.
It remains testament to the efforts of the management team and all staff that the Company’s growth once again led to increased market share and further cemented its position as one of the world’s largest independent podcast companies in an industry that continues its rapid maturity into mainstream media.
In his CEO Review, Stuart Last provides further detail around the Company’s strategy and focus, component parts of the business, operational and financial performance, the strong start to 2022 and the outlook for the future.
I would like to take this opportunity to thank the entire Audioboom team for their continuing professionalism and commitment, and also to thank our shareholders and partners for their loyalty and vision in supporting Audioboom as it continues to grow. The Board and I look forward to the future with considerable optimism and excitement.
Michael Tobin OBE
Chairman
22 April 2022
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