17th Oct 2022 07:00
RNS Number : 0170D Auioboom Group PLC 17 October 2022 160160
This announcement contains insie information as stipulate uner the UK Market Abuse Regulations ("MAR").
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Auioboom Group plc
("Auioboom", the "Group" or the "Company")
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Q3 Traing Upate
44% YTD revenue growth
12% YTD ajuste EBITDA growth
2022 contracte revenue of US73m
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Auioboom (AIM: BOOM), the leaing global pocast company, is please to provie a traing upate for the quarter ene 30 September 2022.
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Financial an operating highlights
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183160160160160160 Total revenue for the nine months to 30 September of US7.1 million, up 44% on the same perio last year (US39.7 million)
183160160160160160 Quarterly revenue of US16.2 million (Q3 2021: US16.9 million) as global economic heawins impacte avertising eman - however, a recovery is alreay unerway with August an September up on the July low-point an further improvements forecast throughout Q4 with management expecting a positive en to the year
183160160160160160 Auioboom's growth of 44% continues to significantly outpace wier market growth of 1%(1)
183160160160160160 Total ajuste EBITDA(2) profit for the nine months to 30 September of US2.7 million, up 12% on the same perio last year (US1.2 million).160 Quarterly ajuste EBITDA(1) profit of US0.6 million (Q3 2021: US1.0 million)
183160160160160160 Average Q3 global monthly ownloas of 107. million, up 9% on Q3 2021 (99.1 million)
183160160160160160 Average Q3 bran avertiser count of 333 (Q3 2021: 370), lower ue to heawins impacting avertising eman
183160160160160160 Average Q3 global revenue per 1,000 ownloas (eCPM) of US0.03 (Q3 2021: US4.77)
183160160160160160 Group cash of US8.0 million (30 June 2022: US.8 million) with a further US1.7 million available via an unrawn overraft
183160160160160160 The Company has contracte revenue in excess of US73.0 million for 2022 through avance avertising bookings
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Key Q3 2022 commercial evelopments
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183160160160160160 Continue strong growth of Showcase, our new global avertising marketplace. Revenue from Showcase in Q3 2022 was more than 7% greater than in Q3 2021 an more than 11% greater on a year-to-ate basis. Showcase is now contributing more than 14% to Group revenue, up from 9% in the same perio last year
183160160160160160 New exclusive tier one partnerships launche in Auioboom's Creator Network incluing Lovers an Friens with Shan Booram, Mea Culpa, Straight Up with Stassi, an Unisclose.
183160160160160160 Further expansion of the Auioboom Stuios prouction arm with new titles launche in Q3 incluing Killers, Cults an Queens (which reache number 1 on the UK True Crime pocast chart), Glittering a Tur an Superpower State of Min
183160160160 In September 2022, Auioboom was announce by Eison Research as the fourth largest pocast publisher in the US for the perio July 2021 - June 2022, with only Spotify, SiriusXM an iHeartMeia above us
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Stuart Last, CEO of Auioboom, commente: "Auioboom has continue to eliver growth in the first nine months of 2022, increasing revenue by 44% an increasing ajuste EBITDA by US1. million over the same perio last year, while our cash position of US8 million is the strongest the Company has ever reporte.160
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Showcase, our automate an very efficient avertising prouct, continues to perform well an eliver strong value to avertisers, with annual revenue growth of 11%, an a contribution of more than 14% to Group revenue.
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Despite a challenging quarter ue to a ownturn in the avertising market cause by eteriorating macro-economic conitions, Auioboom has continue in its mission to eliver value for pocast creators an avertisers while continuing to generate positive ajuste EBITDA an increasing cash reserves, reinforcing the robustness we have evelope within the Company.
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Avertising eman began to reboun in the secon half of Q3, an that tren is continuing into Q4, with avertising bookings of more than US73 million in place for 2022 - 21% more than the entirety of last year's revenue. We are confient of a positive en to the year".
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1)160160160160 PwC June 2022 Global Entertainment an Meia Outlook report states that US pocast avertising revenue is expecte to grow by 1% in 2022 relative to 2021
2) 160 160 Earnings before interest, tax, epreciation, amortisation, share base payments, non-cash foreign exchange movements an material one-off items
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Enquiries
About Auioboom
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Auioboom is a global leaer in pocasting - our shows are ownloae more than 130 million times each month by 34 million unique listeners aroun the worl. Auioboom is ranke as the fifth largest pocast publisher by average weekly users in the US by Triton Digital.
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Auioboom's a-tech an monetisation platform unerpins a scalable content business that provies commercial services for a premium network of 20 top tier pocasts, with key partners incluing 'Casefile True Crime' (US), 'True Crime Obsesse' (US), 'Dark History' (US), 'No Such Thing As A Fish' (UK), an 'The Cycling Pocast' (UK).
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Auioboom Stuios is home to a slate of content evelope an prouce by Auioboom incluing 'Dark Air with Terry Carnation', 'F1: Beyon The Gri', 'RELAX!', 'Covert', 'It's Happening with Snooki Joey', 'Mafia', 'Hule Masses' an 'What Makes A Killer'.
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Auioboom operates internationally, with operations an global partnerships across North America, Europe, Asia an Australia. The platform allows content to be istribute via Apple Pocasts, Spotify, Panora, Amazon Music, Deezer, Google Pocasts, iHeartRaio, RaioPublic, Saavn, Stitcher, Facebook an Twitter as well as a partner's own websites an mobile apps.160
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For more information, visit auioboom.com.
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