Audioboom has released its half year results for the six months ended 30 June 2021, which show continued strong trading and the intention to expand its production operation and development of new advertising technologies.
The company has seen revenue growth, an increase in global downloads and brand advertiser count.
There has been an expansion of the Audioboom Originals Network through show launches, new commercial partnerships with top tier podcasts, new global sales partnerships, new advertising technology and it is now in fourth position (previously sixth) in Triton Digital’s March 2021 ranker of the largest US podcast publishers by number of average weekly users.
Stuart Last, CEO of Audioboom, commented: “After a breakthrough first quarter of 2021 in which the Company reported a maiden adjusted EBITDA profit, the story of the second quarter is of accelerated revenue and EBITDA growth as our content-focused expansion strategy delivered increased value to the business.
“We have made a strong impact on the industry and podcast audiences during this period through our Audioboom Originals Network launches, which has increased our standing in the industry as podcast creators. Dark History, RELAX!, The Southern Tea and Dark Air with Terry Carnation have all been commercial successes, with Dark History leading the charge as it hit number 1 on both the Apple and Spotify charts globally in June 2021.
“The financial progress Audioboom has made will enable us to further invest in key areas of the business as we move into the second half of 2021. Expansion of our podcast production operation and the development of new advertising technologies are priorities, and we anticipate that both will deliver further growth opportunities for the remainder of this year and beyond.
“Audioboom is a leader in podcasting globally, and the performance in the first half highlights that the Group is increasingly capitalising on this market position to the benefit of shareholders – thank you for your support.”