Audioboom Share Discussion Threads

[terminator101] 15/4/2024 08:01

Whopping £20 million loss for this pile of pish huh

[mrsqueezy] 15/4/2024 08:00

They already demonstrated the IOS adjustments have hardly impacted them. Keep up.

[mcmather] 15/4/2024 07:58

That Apple update (September 2023) circa -32% was far worse than first estimated (circa -10%?).

March 2024 numbers are clearly a positive; Q1 eCPM (average global revenue per 1,000 downloads) of US$52.17, and which compares quite well to 2022’s average of US$52.88.

[parob] 15/4/2024 07:57

"The Board is confident that the business is fully primed for further growth across 2024, with record annual revenues forecast, together with a return to sustained EBITDA profitability."

[amelio] 15/4/2024 07:55

Don’t talk nonsense.

[mortal1ty] 15/4/2024 07:53

Not sure this business model will ever allow them to make a material profit. Too low margin. Too competitive.

50m market cap... In this market implies we should have visibility on 3 to 4m profit down the line to justify the valuation (need more than that to justify upside). Looks at least 50% overvalued to me.

... and now it needs cash.

[amelio] 15/4/2024 07:50

$6.7m in March. Record month. There’s your key number.

I’ve no doubts ours two new sales hires will be adding to that number.

The foundations are laid and now BOOM can really accelerate that revenue to record levels.

[someuwin] 15/4/2024 07:50

Cavendish reiterate 1,300p valuation.

Valuation (p12)

- As Audioboom scales the platform it is developing its attractiveness, in a podcast M&A market where there were acquisitions at 2-10x EV/Sales by mega-cap tech and audio tech peers between 2019-2022.

- Audioboom’s audio tech peers are trading on 0.5-3.3x 12-month forward EV/Sales with 0% to +25% NTM Sales growth, and its ad tech peers are trading on 0.2-17x EV/Sales with +1-22% NTM Sales growth.

- We value Audioboom at 1,300p based on 3.6x FY25E EV/Sales, and at 303p it is trading on 0.9x 12-month forward EV/Sales with +18% NTM Sales growth.

[ozzywalker] 15/4/2024 07:48

Bit quiet this morning..

[z1co] 15/4/2024 07:45

The march revenue of $6.7m is a very good indicator of what the revenue is likely to be from April onwards.

[parob] 15/4/2024 07:44

Plus remember in the last interview Stuart Last said he expected M & A activity to increase towards the end of this year. Also mentioned here in the final results:On each measurement service Audioboom ranks as the highest independent podcast publisher, as well as the highest ranking pure-play podcast publisher. 2023 saw a very low level of M&A and investment activity across the industry. There were no notable acquisitions in the space, with the only noteworthy transaction involving the public listing of Podcast One in September 2023, now trading on Nasdaq. We are confident that the structural growth of the medium and the sharp increase of the Total Addressable Market will lead to M&A activity reigniting during the next 12 months. Audioboom's business model, structure and performance continues to provide strong optionality on our future path. Our global scale and ownership of technology and commercial services will make us an attractive proposition for major media or technology businesses looking to fast-track a leadership position in podcasting. Alternatively, our business model sees us set for continued growth and a strong future as the leading independent player in the space. As always, the Board will continue to strive to deliver maximum shareholder value.

[parob] 15/4/2024 07:36

I remember reading from a couple of competitors that January had been a quiet month for the industry so I'm pleased to see revenue increase to $6.7M in March. That's $80.4M annually without any growth, and we are told "Over this coming year I expect our revenue growth rate to improve further." So whilst a little disappointed with the overall quarterly figure, the monthly figure in March is very encouraging. The two new hires who start this week will help drive increases in revenues.

[bubloo] 15/4/2024 07:35

I think the trading statements is a bit of hype. They will need to come to the market for some more cash. how can they have a market capitalisation of 50 million when they are burning cash at this rate. I suspect there will be drop in the share price today and I hope I will get a chance to sell and move on. I see a placing coming.

[wooty01] 15/4/2024 07:31

Excellent Q1. Everything is at record levels.

[amaretto1] 15/4/2024 07:30

Is it possible to forward statement in this world ...Not sure to be honest

[z1co] 15/4/2024 07:27

Stuart Last, CEO of Audioboom, commented:

"2024 has started exactly as we hoped with the positive momentum of the final quarter of last year continuing. We recorded our second successive period of year-on-year revenue growth and adjusted EBITDA profit as our recovery from the challenging market conditions of 2023 continued. Over this coming year I expect our revenue growth rate to improve further. We have more than US$55 million of contracted revenue for 2024 from advance advertising bookings, and we are perfectly positioned at this stage of the year to deliver our goals of record revenue and adjusted EBITDA profitability.

[z1co] 15/4/2024 07:22

DOW , NASDAQ , S&P Futures all positive

[amaretto1] 15/4/2024 07:22

Mmmm Not the results expected imo Jam tommorow again

[havinthelasttoast] 15/4/2024 07:20

Terrible financials.

Cash bad, growth non existent in a declining overall market and still not making any money just adjusted ebitda and even that is tiny.

Unfortunately this will tank hard today, ignore under water rampers of which audioboom has many

[z1co] 15/4/2024 07:18

Q1 highlights:

2024 is set to be a record year for Audioboom, and - as I highlight in our Q1 2024 Trading Update, released today - we are perfectly positioned to achieve these goals after positive trading in the first 3 months of 2024 in which we delivered revenue of US$17.1 million (up 11% on Q1 2023: US$15.4 million) and adjusted EBITDA profit of US$0.1 million. I expect the revenue growth rate to accelerate through upcoming quarters, and EBITDA profit to grow accordingly.

The Company is confident it will achieve its revenue and adjusted EBITDA goals for 2024, and has made significant progress with contracted revenue of more than US$55 million for the year through advanced advertising bookings - more than US$8 million added since the January 2024 Trading Update.

March revenue of US$6.7 million represented the highest revenue month for the Company since May 2022.

[mrsqueezy] 15/4/2024 07:09

Audioboom Group PLC - Q1 Trading Update #BOOM @audioBoom https://www.voxmarkets.co.uk/rns/announcement/80eb6423-09aa-4569-bf5f-ef18127242cd #voxmarkets undefined

[jungmana] 14/4/2024 23:38

Https://twitter.com/InvestorMeetCo/status/1779434527896518672?t=holOKILUUeJCI_ToPzME-w&s=19

[jungmana] 14/4/2024 20:50

Https://twitter.com/InvestorMeetCo/status/1779434527896518672?t=holOKILUUeJCI_ToPzME-w&s=19

[wooty01] 13/4/2024 17:36

Z1CO. Unfortunately nothing to stop the clowns from coming onto this?

[z1co] 13/4/2024 13:22

Have you seen what's happened to the other thread ?