Earlier today, Audioboom released its Q1 2022 results to the stock market, which showed continuing growth for the company.
Highlights from the results include:
- $19.7m revenue
- 107% annual growth
- $0.9m EBITDA profit
- $60.5m of ad revenue booked for the year
- Downloads reached 131M per month in March
Stuart Last, CEO of Audioboom, commented: “I am delighted to report that our fast growth has continued into 2022, further increasing our market share, deepening our work with our creators, expanding our options for advertisers, and achieving success for our original programming.
“KPIs remained strong in a quarter which is traditionally quieter for ad spend, while the continued strong growth in global downloads gives us further confidence in the continued trajectory, both of the industry and our place within it. That demand has also enabled us to secure more than US$60.5m of advertising bookings for 2022 – already more than the entirety of our 2021 revenue. Furthermore, our unique ad model, which delivers high performance for brands, has seen strong uptake, enabling us to achieve record pricing across key inventory.
“Our investment in Audioboom Studios – our creative and production arm – is already being recognised, most notably with the successful launch of Devils in the Dark, our first original show for a UK audience. Devils in the Dark reached number 1 on the UK True Crime chart and the top 15 of Apple’s overall podcast chart upon release.
“We continue our quest to build the world’s leading podcasting business and look ahead to an exciting year of further growth, profitability and creating strong shareholder value.”
You can find more details here.
