Trading Update
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Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce that it has continued its strong momentum into the fourth quarter of 2024 and the Board now expects that Audioboom will generate an increased adjusted EBITDA(1) profit of US$2.8 million, even further ahead of the recently upgraded market expectation of US$2.5 million.
This performance has been driven by the continued strong revenue growth from Showcase - our scalable, higher gross margin, tech-based advertising marketplace, which recognised 49% more revenue in October 2024 versus the same period last year.
Stuart Last, CEO of Audioboom, commented: "Audioboom's strong performance has continued into the final quarter of the year and we are set to deliver at least US$2.8 million of adjusted EBITDA profit. With confidence in advertising demand for the remainder of our strongest quarter of the year, I am very pleased to see a second upgrade to our adjusted EBITDA profit expectations this year."
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