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LONDON - Audioboom Group plc (AIM:BOOM), a global podcast company, reported a 500% increase in adjusted EBITDA to $1.8 million for the first half of 2025, up from $0.3 million in the same period last year, according to a press release statement issued Wednesday.
The company also announced a 30% increase in gross profit to $7.4 million, representing a gross margin of 21%, up from 17% in the first half of 2024. Revenue rose 3% to $35.1 million.
Audioboom has entered into a binding agreement to acquire Adelicious Ltd, which will add approximately 20 million monthly downloads to its platform and create the second largest podcast network in the UK.
The company’s tech-based global advertising marketplace, Showcase, saw revenue growth of 24% to $11.6 million, now contributing more than 33% of group revenue compared to 27% in the same period last year.
"We have been focused on improving the quality of our revenue, the results of which can be seen in the 30% growth in our gross profit in the first half of 2025," said Stuart Last, CEO of Audioboom, in the press release.
The company reported it has over $70 million in revenue booked for 2025, which is $5 million more than at the same point last year. Group cash at the end of June stood at $2.5 million, with a further $2 million collected in the first four days of July and an additional $3.4 million available via an overdraft facility.
Audioboom’s average monthly distribution reached 100 million downloads and video views in Q2, a 5% increase from the same period last year, while its brand advertiser count rose 65% to 13,262.
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