4th Jun 2015 07:37
LONDON (Alliance News) - Audioboom Group PLC Thursday said it is on track to meet or exceed full-year expectations for all of its performance measures, as it saw growth in content partners, registered users and application downloads in its second quarter.
Audioboom did not state whether these expectations were its own, or from analysts.
In the quarter to end-May the company added 650 new content partners to its audio-on demand mobile platform, including US podcast 'Undisclosed: The State Vs Adnan Syed', the 2015 FIFA Women's World Cup and BBC Hindi. This takes its total active content partners, meaning content partners who posted content on the platform during the quarter, to over 3,000.
It added nearly 600,000 registered users during the quarter, taking the user base to over 4 million at the end of May, and saw 1.28 million mobile application installations in the period.
"Together with strong performance in March and April, the quarter was comfortably our best to date. With our current rate of growth we are on track to meet or exceed the full year expectations for all these performance measures," said Chief Executive Officer Rob Proctor in a statement.
Shares in Audioboom are trading up 8.0% at 7.83 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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