The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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: 252.50
Bid: 245.00
Ask: 260.00
Change: 15.00 (6.32%)
Spread: 15.00 (6.122%)
Open: 237.50
High: 255.00
Low: 237.50
Prev. Close: 237.50
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
23rd Jul 20154:40 pmRNSSecond Price Monitoring Extn
23rd Jul 20154:35 pmRNSPrice Monitoring Extension
17th Jul 20153:47 pmRNSNotice of Half Yearly Results
10th Jul 201512:06 pmRNSExercise of warrants
2nd Jul 20157:00 amRNSAdvertising revenue share & trading update
4th Jun 20157:00 amRNSQuarterly key performance indicators
29th May 201511:00 amRNSIssue of Warrants
13th May 201510:09 amRNSDirector's dealing
11th May 20152:00 pmRNSIssue of Warrants
23rd Apr 20157:00 amRNSAppointment of Chief Financial Officer
22nd Apr 20152:00 pmRNSResult of AGM
22nd Apr 20157:00 amRNSApp integration: Apple CarPlay and Android Auto
20th Apr 20157:00 amRNSUpdate on key performance indicators
2nd Apr 20157:00 amRNSAppointment of non-executive Director
26th Mar 20157:00 amRNSReport and Accounts/Notice of AGM
6th Mar 20157:00 amRNSAUPEO! to deliver in-vehicle Audioboom content
24th Feb 20157:00 amRNSAudioboom Launches New Android App
23rd Feb 20155:09 pmRNSInvestment in Audioboom
23rd Feb 20157:02 amRNSIssue of Warrants
23rd Feb 20157:01 amRNSFinal Results
23rd Feb 20157:00 amRNSExclusive content partnership with Russell Brand
10th Feb 20157:00 amRNSNotice of Results
9th Jan 20157:00 amRNSPartnership agreement with Nobex Radio
8th Jan 20157:00 amRNSExpansion into Africa
19th Dec 20142:59 pmRNSDirector/PDMR Shareholding
18th Dec 20142:11 pmRNSIssue of shares
18th Dec 20147:00 amRNSRecent share price movement
17th Dec 20144:40 pmRNSSecond Price Monitoring Extn
17th Dec 20144:35 pmRNSPrice Monitoring Extension
17th Dec 20147:01 amRNSNew content partners
17th Dec 20147:00 amRNSYear-end 2014 trading update
15th Dec 20147:00 amRNSAgreement with Audible
12th Dec 20142:02 pmRNSMajor media sales partnerships in UK and US
14th Nov 20147:00 amRNSNew Content Partners
1st Oct 20141:32 pmRNSDirectors' Dealings
1st Oct 20141:31 pmRNS£8m Placing to support growth strategy
23rd Sep 20147:00 amRNSLaunch of new iOS app and rebranding of platform
8th Sep 201410:18 amRNSHolding(s) in Company
26th Aug 20147:01 amRNSHalf Yearly Report
26th Aug 20147:00 amRNSMajor new content partnership deal with Essel Gp
23rd Jul 20147:00 amRNStalkSPORT deal and Notice of Interim Results
12th Jun 20147:00 amRNSAppointment of Non-executive Directors
5th Jun 20147:00 amRNSNew content partners: CBS and Sky Sports
30th May 20144:09 pmRNSHolding(s) in Company
30th May 20144:07 pmRNSHolding(s) in Company
30th May 20144:03 pmRNSHolding(s) in Company
29th May 20141:28 pmRNSPublication of Accounts
27th May 201410:51 amRNSHolding(s) in Company - TR-1 Notification
23rd May 20147:00 amRNSHolding(s) in Company - TR-1 Notification
22nd May 20147:00 amRNSHolding(s) in Company - TR-1 Notification

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.