Audioboom Share Discussion Threads

[johnma] 23/7/2024 06:05

MAR") A blue circle with white dots and black text Description automatically generated Audioboom Group plc("Audioboom", the "Group" or the "Company") Half-Year Report Audioboom (AIM: BOOM), the leading global podcast company, announces its unaudited half-year results for the six months ended 30 June 2024. Financial and operational KPIs· H1 revenue of US$34.1 million, up 7% on H1 2023 (US$31.8 million)· Adjusted EBITDA(1) profit of US$0.3 million (H1 2023: US$0.3 million) - Q2 represented the third successive quarter of positive adjusted EBITDA· Record average quarterly eCPM (revenue per 1,000 downloads) in Q2 of US$60.09, up 38% (Q2 2023: US$43.55). Audioboom continues to maximise the value it extracts from downloads versus its peers· Average Q2 brand advertiser count of 8,062 (Q2 2023: 8,042). Strategic pricing increases in our Showcase advertising product have limited access to lower-value brands, continuing our focus on high-quality monetisation· Average Q2 global monthly downloads of 94.8 million (Q2 2023: 125.9 million). While Audioboom has added a number of new tier-1 podcasts to the creator network in the past year, Apple's iOS17 update in late 2023 has reduced and rebased download reporting materially across the wider podcast industry - decreasing by an average of 32% (2). We expect the impact of the iOS17 update to create more favourable long-term commercial conditions in the podcast industry due to the increased levels of return-on-investment that more accurate download data will deliver to advertisers · The Company has in excess of US$65 million revenue for 2024 booked - more than total revenue for 2023 with more than five months of the year remaining· Group cash at 30 June 2024 of US$3.5 million (31 March 2024: US$3.1 million), with a further US$1.9 million available via an undrawn overdraft Commercial highlights· Record H1 revenue from Showcase, our global advertising marketplace, reflecting the Company's continued progress in building key, scalable advertising technology. H1 2024 Showcase revenue of US$9.3 million, up 37% on H1 2023 (US$6.8 million). Showcase now contributes more than 27% to Group revenue (H1 2023: 21%)· Audioboom consolidated its position as the fifth largest podcast network in the US on both the Triton Digital Ranker and the Edison Research Ranker. Since the start of the year Audioboom has moved from 2.2 million downloads behind the next ranked network Audacy, to 0.7 million downloads ahead of them in the June 2024 ranker - highlighting the performance of the Company relative to our competitors· Key contracts renewed with leading podcasts in our creator network including: The Broski Report, Serialously, National Park After Dark, Nateland and Minds of Madness. These shows were downloaded more than 42 million times in H1 2024· Further restructuring of creator contracts in this period has reduced Audioboom's annual minimum guarantee obligations by more than US$3 million· New, top-tier podcasts signed to the Audioboom Creator Network including: Cancelled with Tana Mongeau, 13th Juror and Stavvy's World. These podcasts are expected to contribute more than 4 million monthly downloads or YouTube views to the network· The Board continues to examine opportunities to maximise shareholder value including, amongst other initiatives, transactional opportunities and the option of Audioboom also being publicly listed in the US 1 Earnings before interest, tax, depreciation, amortisation, share based payments, non-cash foreign exchange movements, material one-off items and onerous contract provisions and losses incurred2 Podnews analysis of Apple iOS17 impact utilising Triton Digital download data Stuart Last, CEO of Audioboom, commented: "I'm pleased to report that Audioboom has continued to record positive results, with our third successive quarter of year-on-year revenue growth and our third successive quarter of adjusted EBITDA profitability. Our record eCPM - the value that we extract from every 1,000 downloads across our network - is market-leading, and highlights the work we have done to optimise our monetisation engine in order to extract maximum value from our podcasts. We have delivered these results despite the double-whammy of the advertising market recession now being followed by deep cuts to our advertising inventory due to Apple's iOS17 update, which changed how listeners download content. These external impacts are frustrating - with the iOS17 change restricting our revenue in the first half of the year by an estimated US$9 million. Our revenue growth for H1 is in line with the Interactive Advertising Bureau's Podcast Revenue Study forecasts for the industry, and we do expect our growth rate to substantially improve across the second half of the year. We have more than US$65 million of advertising bookings in place - the same level as the entirety of last year's revenue - which means, with more than 5 months of the year remaining, all future bookings will translate directly to growth. Showcase - our ad-tech driven marketplace - continues to build impressively. In June we delivered more than US$2 million of revenue through the product for the first time, and it now contributes more than 27% of our Group revenue. This performance is fuelled by our technology innovation as well as the early-stage work of our recently launched brand awareness sales unit. I'm pleased to welcome hit shows like Cancelled and Stavvy's World to the Audioboom Creator Network, while we have also continued to build-out our political programming ahead of the US election - in the coming months podcasts like The Bulwark, Hacks on Tap and The Politics War Room will play an important role in guiding listeners through the campaign season. I remain extremely optimistic about our future, and believe that the Company continues to be significantly undervalued. As such the Board are actively working to understand the benefits and requirements of listing Audioboom in the US in order to increase the valuation of the business, as well as assessing transactional opportunities to give the Company greater scale. I would like to express my appreciation to the Audioboom team for building our business so efficiently, and to thank shareholders for their continued support and belief in the future of the Company." Enquiries Audioboom Group plc

[wooty01] 22/7/2024 12:30

There will be a few who have already written their posts for tomorrow after the H1 trading results. They won't let the truth get in the way of their story!

[staysum] 22/7/2024 08:49

This must be a takeover certainty. Good profit good future and no cash worries. Perfect

[parob] 19/7/2024 06:54

Can view it here:hTTps://x.com/parob17/status/1814191584482591219?s=46&t=_ybVnpe01AP_F1Pw0JqKTg

[buggy] 18/7/2024 18:50

Audioboom moves up one space in weekly average downloads for June 2024, overtaking Audacy Podcast Networks.

I believe Stuart Last predicted that earlier this year.

[wooty01] 18/7/2024 06:30

If thé price does stay in this trading range the company said in January that it would look to actively seek a listing in another stock exchange or actively put the company up for sale. The major shareholders like Tobin want to see maximum shareholder value. On Aim that may not happen.

[parob] 18/7/2024 06:18

So three trading days left including today and results on Tuesday. Everything crossed that they allow us to punch through 325p. We have been stuck in a trading range for so long now that any close above 325p and we will see a significant re-rate imo.Cavendish currently have a 1300p target.

[genghis_khan_] 17/7/2024 19:19

Beware of the baby rapist Zico, an unhinged animal.

Loser ramps shares work overtime in the week, six weeks for £50 profit.

[parob] 17/7/2024 11:19

Cheers. There's been so many UT trades over the last few weeks messing with the chart.

[master rsi] 17/7/2024 11:02

This is the real chart for the last 5 days

[parob] 17/7/2024 10:21

Yep that's right, that's the full trading update from last year. Revenue for Q2 wasn't covered, as you can see. That was covered on the 19th July last year and will obviously be covered on the 23rd July this year.

[z1co] 17/7/2024 10:19

This time there has been no Q2 update and that's my point

Not deramping , i like this company very much and i'm hoping the update is very good so i can buy in and make some dough

[z1co] 17/7/2024 10:17

23 June 2023

Trading Update

Audioboom (AIM: BOOM), the leading global podcast company, today provides an update on current trading.

-- During 2023, the operational KPIs of the Company have continued to demonstrate year-on-year growth, however, the advertising markets have remained challenging for longer than anticipated. Whilst we believe the advertising markets will improve - with the Company being in prime position to take advantage when they do - the Company expects the revenue and adjusted EBITDA for the current financial year to be lower than previously anticipated

-- The Company continues to see good like-for-like revenue and KPI performance in the business (excluding the Morbid podcast which left the network in May 2022), and we expect this to continue in the second half of the year

-- In addition, to safeguard against future advertising market conditions, the Company has adjusted the approach taken to calculating its minimum guarantee offers for podcast partners

-- In May 2023, new records were set for global monthly downloads (135 million) and total brand count (8,007). Showcase, our automated advertising marketplace, recorded its highest ever monthly revenue total in May, and total cumulative advertising impressions made available to brands across the Audioboom platform in the five months to 31 May 2023 reached 4.2 billion, up 21% on 2022 (3.5 billion)

-- The expansion of the Audioboom creator network has continued in Q2 2023 with new partnerships launched with top tier podcasters including Real Ones with Jon Bernthal, Trading Secrets, and Once Upon A Crime

-- Business operations continue to improve significantly, with the Company in a strong position to fully exploit future improvements in advertising market conditions, and the Company expects to return to meaningful growth in Q3 and Q4 2023 on a year-on-year and sequential basis

-- Group cash at 31 May 2023 of US$5.2 million (31 March 2023: US$5.1 million) with a further US$1.8 million available via an undrawn overdraft. The Company has collected in excess of US$30m to date in 2023

The Company will publish its interim financial statements for the six months ending 30 June 2023 in mid-July.

[parob] 17/7/2024 10:12

The 23rd June 23 update covered some figures from Q2 (for eg May 23 monthly downloads) but not figures for the full quarter. It wasn't possible on the 23rd June to cover the full Q2 quarter as it hadn't finished. Q2 revenue was first outlined in the half year update on the 19th July at $16.4M.

[master rsi] 17/7/2024 10:11

Time to go better after being hold around this prices for too long.

Yesterday there were 2x5k buys yet a MM did a trick to fill his book, marking down the bid, expecting sales to appear.

Do not forget they are up for the day as the 250p was a UT for a few shares. The spread was 225 v 240p at close.

[z1co] 17/7/2024 09:44

Parob

No it did NOT H1 results were announced on 19/07/2023 and Q2 trading update was issued on 23/06/2023.

If you're still holding i hope there are no nasty surprises.This time i will buy after the update if it is exceptional.

[parob] 17/7/2024 09:08

Wonder if we get a run up to the results/Q2 update this time. We usually do.

[parob] 17/7/2024 06:41

The Audioboom Creator Network now reaches more than 38 million unique listeners each month. And these new podcasts will add a further 4M.Q2 update last year came with the half year report.

[z1co] 17/7/2024 06:37

Looks like there will be NO Q2 trading update this year is that good or bad hmmmmm?

Interim results next week

The company has always issued a trading update for each quarter.

[mrsqueezy] 17/7/2024 06:27

Audioboom Group plc("Audioboom" or the "Company") Audioboom launches new exclusive podcast partnerships Notice of investor presentation Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce the continued expansion of its creator network through new exclusive partnerships with top tier podcasts including Cancelled with Tana Mongeau, Stavvy's World and The 13th Juror. These shows are expected to contribute more than 4 million downloads per month to the Audioboom Creator Network. The new content partnerships will leverage the full suite of tools available to creators on Audioboom's platform including AdRip (for inventory creation), Showcase (the Company's ad-tech driven marketplace), premium advertising sales, and automated distribution and marketing services.Cancelled is one of the biggest shows of 2024, recently hitting the top 25 on Apple and Spotify's podcast chart. Hosted by social media star Tana Mongeau - who has more than 5 million YouTube followers - and her best friend, Brooke Schofield, the show releases new episodes every Monday. Alongside the audio podcast, Audioboom will provide commercial services to the YouTube version.Comedian, actor and long-time podcaster Stavros Halkias is the host of Stavvy's World. The podcast debuted at #3 on Apple Podcasts' comedy chart and will boost Audioboom's comedy roster alongside hit shows like Matt & Shane's Secret Podcast, The Tim Dillon Show and Soder.13th Juror is hosted by true crime enthusiast Brandi Churchwell and focuses on current high profile trials in the media and the true crime world. The podcast recently reached the Top 25 on Apple Podcasts' True Crime charts. The Audioboom Creator Network now reaches more than 38 million unique listeners each month. Audioboom is the fifth largest podcast publisher in the US - the biggest podcast market in the world - according to the Triton Digital and Edison Research rankers. Audioboom's CEO, Stuart Last, commented: "We're bringing new comedy, culture and true-crime podcasts to the Audioboom Creator Network - home of the best podcast talent in the world. We continue to expand our work in video through these partnerships, and are excited about supporting the creativity of Tana, Brooke, Stavros and Brandi." Investor Presentation Audioboom also announces that it will release its interim results for the period ended 30 June 2024 on 23 July 2024. Stuart Last, CEO, and Brad Clarke, CFO, will provide a live presentation relating to the interim results via the Investor Meet Company platform on 23 July 2024 at 15:00pm. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Audioboom via: https://www.investormeetcompany.com/audioboom-group-plc/register-investor Investors who already follow Audioboom on the Investor Meet Company platform will automatically be invited.

[master rsi] 11/7/2024 10:56

MMs are tired of giving stock away that do NOT have on their books

The UT of the last couple of days was giving the price it should be, but there is a MM holding the price

[mrsqueezy] 11/7/2024 09:59

NT to buy. Stock is being cleared

[parob] 11/7/2024 09:56

Half year report was on the 19th July last year.