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Highlights

  • Tenfold increase in adjusted EBITDA profit to US$0.7 million in Q1 2025

  • Record growth in high-margin advertising platform, Showcase, up 36% year-on-year

  • Audioboom on track to meet 2025 targets with over US$63 million in contracted revenue

Audioboom (LSE:BOOM), a global leader in podcasting, has reported a substantial rise in profitability and strategic advancements in its trading update for the quarter ended 31 March 2025.

The company recorded an adjusted EBITDA profit of US$0.7 million, representing a tenfold increase compared to US$0.07 million in the same period last year. This remarkable upswing underscores the effective execution of its refined business approach, centered on optimizing revenue quality rather than volume.

Revenue for the first quarter reached US$17.3 million, a modest 1% increase over Q1 2024’s US$17.1 million. However, this growth comes amid a deliberate shift in focus towards higher-value contracts. Audioboom has been phasing out underperforming agreements in favor of more lucrative ones that contribute positively to its earnings before interest, tax, depreciation and amortisation.

Q1 has traditionally marked the lowest-performing quarter of the year in terms of revenue and EBITDA profit. With this in mind, the company anticipates accelerated revenue expansion and continued profitability in the coming quarters, benefiting from seasonal uplift and increased operational leverage.

One of the standout performers in Q1 was Showcase, Audioboom’s technology-driven global advertising marketplace, which saw its revenue climb 36% year-on-year. The platform’s higher gross margins have significantly contributed to the profitability uptick.

The company also posted a record-high RPM (revenue per 1,000 downloads) at US$60.83, marking a 17% increase from US$52.17 in Q1 2024. This figure reflects both better monetization capabilities and a favorable shift in advertiser spending patterns.

Brand advertiser engagement reached a new high as well, with an average of 8,974 active advertisers, up 14% from last year. Meanwhile, average monthly distribution — including downloads and video views — stood at 94.8 million, down from 110.0 million in Q1 2024. Audioboom attributes this dip to the lingering effects of Apple’s iOS17 update, but expects a return to positive distribution trends in the second quarter of 2025.

Cash reserves also improved, with group cash increasing to US$4.3 million at the end of March 2025, up from US$3.9 million at year-end 2024.

Looking ahead, Audioboom remains confident in achieving its full-year objectives. The company has already secured over US$63 million in contracted revenue for 2025 through forward advertising bookings — an increase of over US$9 million since its last update in January, and US$8 million more than this time last year.