21st Jul 2020 14:34
Audioboom Group PLC - podcast firm with offices in London, New York and Mumbai - Reports a 20% surge in interim revenue to USD11.8 million from USD9.8 million. Ppretax loss in the six months to June 30 narrows to USD2.0 million from USD2.8 million. Notes a "strong resilience" during Covid-19 and reports the US podcast industry is "outperforming". Does add that revenue per 1,000 listens in the month of June was 4% lower annually due to reduced advertising spend amid the pandemic.
Current stock price: 199.00 pence
Year-to-date change: up 2.1%
By Eric Cunha; [email protected]
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