Audioboom Group plc (LSE:BOOM) has reported a record third quarter and signalled a firmer year. In a trading update on 14 October 2026, the podcast company said Revenue for the three months to 30 September grew 17% to US$23.8 million, and adjusted EBITDA rose 89% to US$2.2 million, results it said were ahead of market expectations.

What Audioboom does

Audioboom hosts, distributes and sells Advertising against podcasts. Its advertising marketplace, Showcase, connects advertisers with podcast audiences, and the group earns revenue from the downloads and views its shows generate. It trades on AIM and is part of the FTSE AIM All Share Index.

The third-quarter figures

For the nine months to 30 September 2026, revenue increased 25% to US$69.5 million and adjusted EBITDA grew 84% to US$5.5 million. LSE:BOOM said it now expects full-year 2026 adjusted EBITDA of at least US$7.7 million. It attributed the performance to strength in the Showcase marketplace and to higher download and view numbers. Cash at the period end was US$6.7 million, and the company noted that additional Credit facilities are available to support its Acquisition strategy.

Half-year and strategy

The half-year report was published on 15 July 2026, following a notice of results and investor presentation on 14 July. On 8 June 2026 LSE:BOOM issued a trading update and announced the conclusion of a strategic review. The company has since continued to talk about an acquisition strategy, and it says it has extra credit facilities available to fund deals.

Capital and governance

In recent months LSE:BOOM has exercised warrants, with an announcement on 30 July, and made awards of restricted stock units and Options on 2 September. A block admission return on 9 September relates to shares issued under share schemes. Directors' dealings were reported on 23 July, and the AGM results were announced on 21 July.

Sector and index context

Podcast advertising has grown as listening shifts from radio and traditional media, and platforms that can offer targeted audiences to brands have benefited. Audioboom competes with larger streaming and publishing groups, and relies on securing exclusive deals with major shows. Within the FTSE AIM All Share Index it is a digital media name with international revenue, so the dollar and sterling Exchange Rate also matters to reported results.

Reading the growth rates

The gap between revenue growth and profit growth is notable. Nine-month revenue rose 25% while adjusted EBITDA rose 84%, so the adjusted EBITDA Margin has widened to roughly 8% of revenue from a much lower level, based on the figures reported. That pattern is typical of a platform with a largely Fixed Cost base, where extra advertising revenue falls through to profit more rapidly.

Key risks

Podcasting revenue depends on advertising budgets, which can be cut quickly in a downturn. Audioboom's profits rely on contracts with leading shows, and the loss or repricing of any major contract could change results. Cash of US$6.7 million at the quarter end is modest against the growth plans, so borrowing for acquisitions would add financial risk. Solid Earnings growth from a low base can also be difficult to sustain, and forecasts of at least US$7.7 million depend on the final quarter.

What to watch next

The fourth quarter will determine whether the full-year EBITDA guidance of at least US$7.7 million is met or beaten, and full-year results will give more detail on cash generation and net debt. Investors will also watch for acquisitions funded from the credit facilities, further growth in Showcase, and renewals of key podcast partnerships.