Audioboom raises profit outlook again as podcast demand increases Business Audioboom upgraded its profit expectations for the second time this year, lifting its adjusted earnings projection to £2.2m from recently forecast £1.9m. The podcast giant said this reflects an uptick in revenue from the podcast platform’s tech-driven ad marketplace, Showcase, which recently recorded a 49 per cent year-on-year revenue increase last month. Chief executive Stuart [...]
Audioboom shares soar on record profit with US election to boost podcast demand Media Audioboom shares soared nearly 19 per cent on Tuesday as the podcast streamer posted record revenue and profit, and said it is set to “significantly outperform” expectations, especially with demand from the US election. The London-listed company booked record third quarter revenue of $18.8m (£14.4m), up from $14m (£10.7m) in the same period last year. It [...]
Audioboom: Podcast giant posts full-year loss as it looks to ad business for rescue Media Audioboom advertisers were up 47 per cent however, with 7,727 brands using the platform to promote products and services.