IN BRIEF: Audioboom shares rise as hails ongoing "strong" momentum
Audioboom Group PLC - Jersey-based podcast publisher - Says its "strong" momentum continued in the final quarter of 2024. The company notes a record monthly brand advertiser count of 10,165 in November, up 65% from 6,157 a year ago. Audioboom for 2024 now expects to generate adjusted earnings before interest, tax, depreciation and amortisation of USD3.1 million, up 11% from the previous recently upgraded market forecast of USD2.8 million. This would be a swing from the adjusted Ebitda loss of USD396,000 reported for 2023. For 2025, Audioboom expects revenue growth to be at least in line with the industry growth forecast of 10%. Chief Executive Officer Stuart Last says: "Our platform is delivering higher-quality revenue and extracting more value than ever before, and I look forward to updating you further on our performance this year in January 2025." Read More