15th Nov 2024 10:53
Audioboom Group PLC - Jersey-based podcast publisher - Confirms that Showcase revenue has risen as anticipated, surging 49% higher year-on-year in October. Showcase is the group's global advertising technology-based marketplace. The group therefore now expects to report adjusted earnings before interest, tax, depreciation and amortisation profit of USD2.8 million for 2024, ahead of a company-compiled market consensus of USD2.5 million and ahead of the company's own USD1.0 million forecast in mid-October. This compares to an adjusted Ebitda loss of USD396,000 in 2023.
Current stock price: 226.25 pence, up 5.2% in London on Friday morning
12-month change: up 4.0%
By Emily Parsons, Alliance News reporter
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