19th Apr 2023 14:16
Audioboom Group PLC - London-based podcast provider - Expects revenue for the first quarter ended on March 31 to reach USD15.4 million, lower than USD19.5 million a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation is USD200,000, down from USD900,000. Average global monthly downloads amount to 125.2 million, up 13% from 110.9 million a year earlier.
Chief Executive Officer Stuart Last says: "During [first quarter] we improved our business operations significantly, in spite of challenging market conditions. We now have a record 38 million-plus unique listeners. We have expanded our monthly downloads to more than 125 million - replacing the 30 million monthly downloads that were lost when the Morbid podcast left our network in May 2022. We created a record 2.5 billion advertising impressions in the quarter and made improvements to the revenue shares we receive from advertising."
Current stock price: 355.00 pence each, down 4.1% on Wednesday afternoon in London
12-month change: down 84%
By Xindi Wei, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
Audioboom Grp.