Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAudioboom Grp. Regulatory News (BOOM)

Share Price Information for Audioboom Grp. (BOOM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 240.00
Bid: 235.00
Ask: 245.00
Change: 7.50 (3.23%)
Spread: 10.00 (4.255%)
Open: 237.50
High: 245.00
Low: 237.50
Prev. Close: 232.50
BOOM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

1Q19 Trading Update

3 Apr 2019 07:00

RNS Number : 9128U
Audioboom Group PLC
03 April 2019
 

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

Audioboom Group plc

("Audioboom", the "Group" or the "Company")

 

Q1 Trading Update

 

Record quarterly revenue of US$4.6 million

 

Audioboom (AIM: BOOM), the leading global podcast company, is pleased to provide an update on trading for the quarter ended 31 March 2019.

 

Financial and Operating Highlights*

· Trading ahead of management expectations with record quarterly revenue of c.US$4.6 million, up 180% on Q1 2018 (US$1.6 million)

· Brand advertiser count of 178 as at 31 March 2019, up 11% on last quarter (31 December 2018: 160) and up 55% on the same period last year (31 March 2018: 115)

· Revenue per 1,000 listens in the US (eCPM) at US$23.77, up 67% on same quarter last year (Q1 2018: US$14.27)

· Total available premium advertising impressions was 305 million, up 28% from same period last year (Q1 2018: 239 million)

· Cash position as of 31 March 2019 remains stable at US$1.7 million (31 December 2018: US$1.6 million), with the net proceeds of February 2019's £1.5 million subscription already utilised in line with the stated use of proceeds to secure existing and new leading podcasting talent and shows, which are expected to further improve the Group's performance over the course of the year and beyond

*The financial period ended 31 December 2018 was a 13 month period. In order to provide appropriate like-for-like comparisons, the Q1 and Q4 2018 comparable periods referred to herein are 1 January - 31 March 2018 and 1 October - 31 December 2018 respectively

Key contract wins and renewals

· Key contract renewals include podcast network SBI Audio (a 2 year agreement through to April 2021), true crime podcast "Undisclosed" (1 year agreement through to February 2020), and "True Crime Obsessed" (2 year agreement through to March 2021)

· Renewals of Audioboom Original Network (AON) shows include "F1: Beyond The Grid" (a 2 year agreement through to February 2021), "Covert" (season 2) and "Mafia" (season 3). The first episode of the new season of "F1: Beyond the Grid" already has approximately 400,000 listens, up over 200% on the final episode of the 2018 season

· New shows signed during Q1 include:

o Genius Brain

o You Can Sip With Us

o What Happened When

o Chilling Tales for Dark Nights

o Small Town Dicks

o The Influencer Podcast

o What's good with Rudolph and Minister

o The Evidence Locker

o Sunday Vibes: Extra Time 

o Out to Lunch with Jay Rayner 

o Alien Nation with Jo Wood 

Other key developments

· Enhanced global commercial agreement signed with Spotify

· New agreement and integration with Spotify India

· Strong pipeline of content acqusition and other opportunities

Rob Proctor, CEO of Audioboom, commented: "We are delighted with our start to 2019. We have signed great new podcasts during Q1, are making compelling new content, F1: Beyond the Grid is performing exceptionally well, and we have industry leading sell through rates. Podcasting is now the growth sector in digital media for brands and broadcasters looking to consolidate or add podcast creation and content to their platforms and we are involved in more content negotiations and commercial opportunities than ever before. We are ideally positioned to benefit from this; and the continued corporate activity within the sector demonstrates Audioboom's potential to deliver significant shareholder value this year".

 

Enquiries

Audioboom Group plc

 

Rob Proctor, Chief Executive Officer

Tel: +44(0)20 7403 6688

Allenby Capital Limited (Nominated adviser and Joint Broker)

Tel: +44(0)20 3328 5656

David Hart /Alex Brearley/Asha Chotai

 

Novum Securities (Joint Broker)

Tel: +44(0)20 7399 9400

Colin Rowbury/Jon Belliss

 

Walbrook PR Limited (PR & IR Advisers)

Tel: +44(0)20 7933 8780

Paul Cornelius / Sam Allen

or audioboom@walbrookpr.com

 

 

About Audioboom

Audioboom is the leading global podcast company, consolidating the business of on-demand audio, making content accessible, wide-reaching and profitable for podcasters, advertisers and brands. Audioboom operates internationally, with operations and global partnerships across North America, Europe, Asia and Australia, and addresses the issue of disparate podcast services by putting all of the pieces of the puzzle together under one umbrella, creating a user-friendly, economical experience.

 

Audioboom hosts over 13,000 content channels, with key partners including A+E Networks (US), Associated Press (US), 'Astonishing Legends' (US), 'Casefile True Crime' (AUS), Edith Bowman (UK), 'Felon True Crime Podcast' (AUS), Jonathan Ross (UK), 'Moneycontrol Podcast' (India), 'No Such Thing As A Fish' (UK), Red FM (India), Starburns Audio (US), 'The Cycling Podcast' (UK), 'The Totally Football Show' (UK), 'The True Geordie Podcast' (UK) and 'Undisclosed' (US).

 

Original content produced by Audioboom includes 'The 45th' (US), 'Covert' (US), 'I Almost Knew That' (India), 'The Psychology Behind with Dr Linda Papadopoulos' (UK), 'Ctrl Alt Win Podcast' (India), 'Deliberations' (US), 'It's Happening with Snooki & Joey' (US), 'Mafia' (US), 'Mission To Zyxx' (US),' Night Call' (US) and 'The Russell Brand Podcast' (UK).

 

The platform receives over 60 million listens per month and allows partners to share their content via Apple Podcasts, BookMyShow, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Spotify, Stitcher, Facebook and Twitter as well as their own websites and mobile apps.

 

For more information, visit audioboom.com.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTUGUPUCUPBPUP
Date   Source Headline
28th Mar 20247:00 amRNSAudioboom launches exclusive podcast partnerships
15th Mar 20247:00 amRNSAudioboom Climbs Global Podcast Rankers
11th Mar 20247:00 amRNSBlock admission six monthly return
6th Mar 20247:00 amRNSAudioboom Extends Podcast Partnerships
16th Feb 20247:00 amRNSAudioboom Achieves Record Global Audience Reach
23rd Jan 20248:22 amRNSDirector/PDMR Shareholding
19th Jan 20241:02 pmRNSDirector/PDMR Shareholding
19th Jan 20247:00 amRNSAudioboom Achieves Record Top 100 Podcasts
15th Jan 20247:00 amRNS2023 Trading Update
8th Jan 202412:05 pmRNSHolding(s) in Company
8th Jan 20249:26 amRNSHolding(s) in Company
3rd Jan 20247:00 amRNSAudioboom: 2023 – A Year in Numbers
15th Nov 20237:00 amRNSAudioboom launches AdVet creator tool
9th Nov 20237:00 amRNSAudioboom launches exclusive podcast partnerships
2nd Nov 20237:00 amRNSOne billion advertising impressions reached
26th Oct 20237:00 amRNSDirector/PDMR Shareholding
23rd Oct 20237:00 amRNSDirector/PDMR Shareholding
16th Oct 20237:00 amRNSQ3 Trading Update
12th Oct 20237:00 amRNSNotice of Investor Presentation
21st Sep 202310:08 amRNSDirector/PDMR Shareholding
11th Sep 20238:00 amRNSBlock admission six monthly return
21st Aug 20237:00 amRNSAudioboom cements US leadership position
18th Aug 20237:00 amRNSDirector/PDMR Shareholding
8th Aug 20238:15 amRNSChange of Registered Address
31st Jul 20237:00 amRNSDirector/PDMR Shareholding
20th Jul 20239:30 amRNSDirector/PDMR Shareholding
20th Jul 20239:30 amRNSDirector/PDMR Shareholding
19th Jul 20232:25 pmRNSDirector/PDMR Shareholding
19th Jul 202310:50 amRNSDirector/PDMR Shareholding
19th Jul 20237:00 amRNSHalf Year Report
17th Jul 20237:24 amRNSNotice of Interim Results
23rd Jun 20237:00 amRNSTrading Update
16th Jun 20231:15 pmRNSHolding(s) in Company
15th Jun 20231:45 pmRNSHolding(s) in Company
5th Jun 20238:20 amRNSDirector/PDMR Shareholding
31st May 20236:20 pmRNSTotal Voting Rights
25th May 20237:00 amRNSDirector/PDMR Shareholding
28th Apr 20235:45 pmRNSTotal Voting Rights
28th Apr 202310:00 amRNSResult of AGM
25th Apr 20237:00 amRNSDirector/PDMR Shareholding
24th Apr 20237:00 amRNSDirector/PDMR Shareholding
21st Apr 20237:00 amRNSDirector/PDMR Shareholding
20th Apr 202310:49 amRNSGrant of share options
19th Apr 202311:18 amRNSDirector/PDMR Shareholding
19th Apr 20237:00 amRNSQ1 Trading Update
17th Apr 20237:00 amRNSKey strategic partnership and creator network
4th Apr 20237:00 amRNSDirector/PDMR Shareholding
3rd Apr 20237:00 amRNSAnnual Report, Notice of AGM & Presentation
3rd Apr 20237:00 amRNSDirector/PDMR Shareholding
31st Mar 20237:00 amRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.