RE: Trend continues13 Dec 2023 13:43
The future for boom is bright than ever been;
"Across 2023 we have made improvements in key areas of our business in order to accelerate our path back to growth. Our milestone of creating 1 billion sellable advertising impressions in October is the result of changes to our inventory creation process, further development of our Showcase marketplace, and the continued growth of the Audioboom Creator Network. This positions us to capture maximum advertiser demand, deliver more than US$19 million of revenue in Q4 2023, and puts us on a path to record annual revenue in 2024.
As audiences continue to flock to podcasting - highlighted by the record 126 million plus downloads across our network each month - we are optimising for the current advertising market, while we are also primed and ready to take full advantage of any future macro improvements.
Further operational optimisation, particularly improvements to our creator contracts which increase our share of advertising revenue, whilst vastly reducing our exposure to minimum guarantees, are expected to move us back to adjusted EBITDA profitability in Q4 and drive EBITDA growth in 2024."