In today’s Q1 update, Audioboom has reported flat yoy revenue growth excluding Morbid and global monthly downloads +13% to 125m after 111m in Q4 22, and confirmed that it expects to outperform the wider podcast market for the eighth consecutive year in FY23. We reiterate our FY23 and FY24 forecasts, and expect the platform’s growth will accelerate through FY23, as: the advertising market is showing promising signs of recovery; the new sales focus on larger brands has already scaled the Q1 brand ....
