Audioboom Delivers Record Q1 as Revenue Surges and Video Expansion Gains Pace

Audioboom (LSE:BOOM) reported a record first quarter for 2026, with revenue increasing 30% year on year to $22.5 million. Gross profit rose 41% to $4.8 million, pushing gross margin up to 21.3%. Adjusted EBITDA more than doubled to $1.4 million, as relatively stable operating costs allowed the company to translate higher volumes and improved creator agreements into a 6.2% EBITDA margin and a stronger cash position.

The company’s Showcase advertising marketplace was a key driver, with revenue climbing 63% alongside a 79% increase in average monthly downloads and video views, which reached 170 million. This growth followed the Adelicious acquisition and a number of new content partnerships. Although revenue per thousand impressions declined due to a higher proportion of lower-yield video and UK inventory, management views this as a longer-term monetisation opportunity. Recent video-focused partnerships with major platforms such as Spotify and Apple, along with renewed agreements with leading podcast creators, are expected to support future revenue growth.

The company’s outlook is supported by positive momentum and recent corporate developments, although challenges remain around cash flow generation and a relatively high price-to-earnings ratio. Strategic progress and strong trading performance point to further growth potential, with the current upward share price trend reinforcing a constructive outlook.

More about Audioboom

Audioboom Group plc is a global podcasting platform whose content is downloaded and viewed around 170 million times each month by approximately 50 million unique users. The company operates an advertising and monetisation platform that supports a premium network of podcasts, including major titles such as official Formula 1 shows and popular true crime and comedy series. With operations spanning North America, Europe, Asia, and Australia, Audioboom distributes content عبر major platforms including Apple Podcasts, YouTube, Spotify, and Amazon Music, and is ranked among the largest podcast publishers in the United States.