Audioboom has announced a record Q1 performance, with revenue growth of +107% to $19.7m, adjusted EBITDA of $0.9m (Q1 21 $0.03m), and record monthly downloads of 131m in March 2022. In direct premium advertising (c65% of revenue), it has continued to benefit from robust advertising demand and its record downloads, with the average unit rate for its top 25 podcasts increasing to $14.3k in Q1 22 from $6.5k in Q1 21, its average global revenue per 1,000 downloads (eCPM) increasing +25% yoy to $50.5 ....
11 Apr 2022
Audioboom Group - Record Q1 with revenue growth of +107%
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Audioboom Group - Record Q1 with revenue growth of +107%
Audioboom Group PLC (BOOM:LON) | 245 0 0.0% | Mkt Cap: 40.1m
- Published:
11 Apr 2022 -
Author:
Michael Hill -
Pages:
8
Audioboom has announced a record Q1 performance, with revenue growth of +107% to $19.7m, adjusted EBITDA of $0.9m (Q1 21 $0.03m), and record monthly downloads of 131m in March 2022. In direct premium advertising (c65% of revenue), it has continued to benefit from robust advertising demand and its record downloads, with the average unit rate for its top 25 podcasts increasing to $14.3k in Q1 22 from $6.5k in Q1 21, its average global revenue per 1,000 downloads (eCPM) increasing +25% yoy to $50.5 ....