Audioboom upbeat on strong revenue, profit growth

16th Apr 2026 12:02

(Sharecast News) - Audioboom reported strong revenue and profit growth in its full-year results and first-quarter update on Thursday, as the podcast group highlighted the scalability of its platform and continued expansion in video and advertising.

For the year ended 31 December, revenue rose 10% to $80.4m, while gross profit increased 17% to $16.9m.

Adjusted EBITDA climbed 54% to $5.1m, ahead of market expectations, with the company also delivering record quarterly revenue of $24.9m and adjusted EBITDA of $2.2m in the fourth quarter.

Showcase, its higher-margin global advertising marketplace, generated record revenue of $30.4m, up 31% year-on-year.

Operationally, average monthly distribution reached 118 million downloads and video views, up 20% following the acquisition of Adelicious in July 2025 and growth in video podcasts.

However, average revenue per 1,000 downloads fell to $56.46 from $62.41, reflecting a shift towards lower-yield video views and UK audiences.

Group cash stood at $4.2m at year end, with a further $3.4m available via an overdraft facility.

The group also completed the integration of Adelicious ahead of schedule, creating the UK's second largest podcast network, and expanded its Creator Network with new partnerships including Crooked Media, RedHanded and Hear Me Out.

Post year end, Audioboom launched commercial partnerships with Spotify and Apple to support video monetisation and hosted its inaugural UK Upfronts event in London.

In a separate trading update, Audioboom said it had delivered record first-quarter performance for 2026, with revenue rising 30% to $22.5m and adjusted EBITDA increasing 118% to $1.4m.

Gross profit rose 41% to $4.8m, with margin improving to 21.3%, while adjusted EBITDA margin increased to 6.2%.

Average monthly distribution surged 79% to 170 million downloads and views, driven by the Adelicious acquisition, growth in video podcasts and new content partnerships.

RPM declined to $45.10 from $60.83, again reflecting the mix shift towards video and UK audiences.

Group cash increased to $5.5m at 31 March.

"2026 is off to a flying start for Audioboom with new major podcast signings, the launch of commercial partnerships in video, and excellent financial performance by all metrics," said chief executive Stuart Last.

"Our business model continues to go from strength to strength, and our results highlight the scalability in our global platform business.

"Revenue is up 30%, driven by record inventory levels and an uptick in advertising prices.

"Our focus on high quality revenue delivered gross profit 41% up on the first quarter of 2025, and our stable cost-base ensured we maximised profitability with adjusted EBITDA growth of 118%."

At 1131 BST, shares in Audioboom Group were flat at 630p.

Reporting by Josh White for Sharecast.com.

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