Image source: © 2025 Krish Capital Pty. Ltd.

Highlights:

  • BOOM’s Q2FY25 adjusted EBITDA reached USD 1.2 million, a USD 1 million YoY increase
  • BOOM recorded 35% YoY gross profit growth, with revenue up 5% to USD 17.8 million
  • BOOM expanded its Creator Network with multiple tier-one podcast partnerships in Q2

Audioboom Group plc (LSE:BOOM), a UK-based global podcasting platform, has issued its trading update for the second quarter ending 30 June 2025, reflecting an improvement across key financial and operational metrics, including gross profit, adjusted EBITDA, and distribution reach.

In Q2FY25, Audioboom reported revenue of USD 17.8 million, marking a 5% increase from the USD 17.0 million reported in Q2FY24. Gross profit rose significantly by 35% year-on-year to USD 4.0 million, improving the company’s gross margin to 23%, compared to 18% in the same period last year.

The group’s adjusted EBITDA reached USD 1.2 million, a substantial increase from USD 0.2 million in Q2 FY24. Management attributed this gain to growth in higher-margin revenue streams and stable operating expenses. As of 30 June 2025, the company had USD 2.5 million in cash, with an additional USD 2.0 million collected in early July and USD 3.4 million available through an overdraft facility.

The company reported that it has secured more than USD 70 million in revenue bookings for the full year 2025 USD 5 million higher than at the time of its April 2025 update and exceeding the level booked at the same point in 2024.

Audioboom’s Creator Network averaged 100 million downloads and views per month in Q2 FY25, up 5% year-on-year. Growth in this area has been accompanied by an expansion of Showcase, its tech-driven advertising marketplace, which recorded 16% year-on-year revenue growth in the quarter.

The quarter also included the launch of a new commercial partnership with Gumball FM. This collaboration introduces Adaptive Ads, an AI-driven scalable advertising solution now integrated into Showcase. The tool is designed to increase monetisation capabilities for podcast creators within the network.

New tier-one podcast content was also added in Q2. The company announced new partnerships with shows such as Something Was Wrong, Undisclosed, Al Franken, What They Don't Tell You, and On the Case with Paula Zahn. These additions are expected to generate over four million monthly downloads and YouTube views, enhancing the network’s content portfolio and potential ad inventory.

CEO Stuart Last stated that the company’s second-quarter results reflected continued efficiency in scaling its operations and leveraging high-margin income streams. He cited the performance of Showcase and consistent operating costs as key factors behind the significant increase in EBITDA. Looking ahead, the company anticipates that the second half of the year will benefit from further additions to its podcast network and the typical seasonal uptick in advertising demand.

Despite external macroeconomic challenges, the company views the advertising market as stable and expects to maintain momentum into the next quarters. It intends to focus on operational efficiency and platform-driven revenue, with a continued emphasis on attracting podcast creators seeking structured monetisation and wider audience reach.

As of 8 July 2025, shares of Audioboom were trading 1.98% higher at GBX 334.00 on the AIM exchange.