Final results from Audioboom, the leading global podcast company, were in line with forecast and January’s trading update with revenue +92% to $11.7m and adj. EBITDA loss reduced $0.5m to $5.1m. Year-end cash was $1.6m (Q3 FY18: $1.6m) and has since been supplemented by £4.3m (gross) in fund raisings that will be used partly to secure additional podcasting content through fully recoupable advanced payments and minimum revenue guarantees. Audioboom is also in negotiations for a com
31 May 2019
Finals – Strong start to FY19
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Finals – Strong start to FY19
Audioboom Group PLC (BOOM:LON) | 242 24.3 4.3% | Mkt Cap: 39.7m
- Published:
31 May 2019 -
Author:
David Johnson -
Pages:
16
Final results from Audioboom, the leading global podcast company, were in line with forecast and January’s trading update with revenue +92% to $11.7m and adj. EBITDA loss reduced $0.5m to $5.1m. Year-end cash was $1.6m (Q3 FY18: $1.6m) and has since been supplemented by £4.3m (gross) in fund raisings that will be used partly to secure additional podcasting content through fully recoupable advanced payments and minimum revenue guarantees. Audioboom is also in negotiations for a com