AUDIOBOOM GROUP PLC

Regulatory Filings • Nov 2, 2023

National Storage Mechanism | Additional information

RNS Number : 1072S

Audioboom Group PLC

02 November 2023

REACH

Audioboom Group plc

("Audioboom" or the "Company")

Audioboom reaches 1 billion advertising impression milestone

Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce the creation of more than 1 billion advertising impressions for the first time.

During October 2023 podcasts in the Audioboom Creator Network generated 1.01 billion advertising impressions which were made available for brands to buy through premium host-endorsement ads and Showcase, the Company's automated advertising marketplace.

The milestone was achieved through the strategic implementation of the AdRip inventory creation tool which was first launched by Audioboom in 2021. The tool - which is unique in podcasting - enables creators to automate the removal of historic advertising, replacing it with new advertising each time a back-catalogue episode is listened to. 

This advertising inventory expansion has also been driven by Audioboom's strong audience growth in 2023 - the network now reaches more than 38 million unique listeners globally and in Q3 2023 generated more than 127 million downloads each month, up 18% on Q3 2022 (107.5 million downloads).

As recently announced the Company expects to generate more than US$19 million of revenue in Q4 2023, a return to year-over-year topline growth and the strongest revenue period for the Company since Q2 2022. The quarter has started well with October delivering the highest revenue month of 2023.

Audioboom's CEO, Stuart Last, commented: "I'm delighted that we have achieved this milestone. To create more than one billion monthly advertising impressions highlights the scale that we are developing at Audioboom. We continue to develop innovative technology that enables our creators to maximize the value of their content, while providing our brand partners with powerful advertising options. Our increased scale will power a strong end to 2023 and a record year for Audioboom in 2024."

Enquiries

Audioboom Group plc
Stuart Last, Chief Executive Officer Brad Clarke, Chief Financial Officer	Tel: +44(0)300 303 3765
Cavendish Capital Markets Ltd (Nominated Adviser and Broker)	Tel: +44(0)20 7220 0500
Jonny Franklin-Adams/Abigail Kelly/Rory Sale (Corporate Finance) Charlotte Sutcliffe/Harriet Ward (ECM)

About Audioboom

Audioboom is a global leader in podcasting - our shows are downloaded more than 135 million times each month by 38 million unique listeners around the world. Audioboom is ranked as the fifth largest podcast publisher in the US by Edison Research and Triton Digital.

Audioboom's ad-tech and monetisation platform underpins a scalable content business that provides commercial, distribution, marketing and production services for a premium network of top tier podcasts. Key partners include the official Formula 1 podcasts 'F1: Beyond the Grid' and 'F1 Nation', 'Casefile True Crime' (US), 'True Crime Obsessed' (US), The Tim Dillon Show' (US), 'No Such Thing As A Fish' (UK) and 'The Cycling Podcast' (UK).

Audioboom operates internationally, with global partnerships across North America, Europe, Asia and Australia. The platform distributes content via Apple Podcasts, YouTube, Spotify, Pandora, Amazon Music, Google Podcasts, iHeartRadio, Facebook and Twitter as well as a partner's own websites and mobile apps.

For more information, visit audioboom.com.

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