Audioboom’s Q2 24 results show the third consecutive quarter of revenue growth and positive EBITDA, and a very promising performance from the highly scalable, high-margin Showcase division. H1 revenue growth of +7% yoy includes a -28% point yoy impact on revenue growth from the gradual change in downloads following iOS 17, and the +7% yoy growth reflects management’s efforts to retain all major podcasts, win new podcasts, and optimise ad load and monetisation, with eCPM/pricing increasing to a r ....

23 Jul 2024
Audioboom Group - Growing through H1 headwinds, forecasts reiterated

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Audioboom Group - Growing through H1 headwinds, forecasts reiterated
Audioboom Group PLC (BOOM:LON) | 312 -7.8 (-0.8%) | Mkt Cap: 51.4m
- Published:
23 Jul 2024 -
Author:
Michael Hill -
Pages:
21 -
Audioboom’s Q2 24 results show the third consecutive quarter of revenue growth and positive EBITDA, and a very promising performance from the highly scalable, high-margin Showcase division. H1 revenue growth of +7% yoy includes a -28% point yoy impact on revenue growth from the gradual change in downloads following iOS 17, and the +7% yoy growth reflects management’s efforts to retain all major podcasts, win new podcasts, and optimise ad load and monetisation, with eCPM/pricing increasing to a r ....