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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Audioboom Group Plc | LSE:BOOM | London | Ordinary Share | JE00BJYJFG60 | ORD SHS NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 36.50 | 10.14% | 396.50 | 292,498 | 14:19:28 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 395.00 | 398.00 | 397.50 | 355.00 | 357.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Radio, Tv Broadcast, Comm Eq | USD 65.03M | USD -19.43M | USD -1.1862 | -3.32 | 58.96M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 14:42:03 | O | 1,000 | 395.1125 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 11/12/2024 | 11:12 | ALNC |  IN BRIEF: Audioboom shares rise as hails ongoing "strong" momentum |
| 11/12/2024 | 07:00 | UK RNS | Audioboom Group PLC Trading Update |
| 06/12/2024 | 10:47 | UK RNS | Audioboom Group PLC Director/PDMR Shareholding |
| 29/11/2024 | 15:28 | UK RNS | Audioboom Group PLC Holding(s) in Company |
| 15/11/2024 | 10:53 | ALNC | IN BRIEF: Audioboom upgrades guidance amid Showcase revenue growth |
| 15/11/2024 | 07:00 | UK RNS | Audioboom Group PLC Trading Update |
| 30/10/2024 | 07:00 | UK RNS | Audioboom Group PLC Director/PDMR Shareholding |
| 28/10/2024 | 14:00 | UK RNS | Audioboom Group PLC Director/PDMR Shareholding |
| 25/10/2024 | 07:15 | UK RNS | Audioboom Group PLC Director/PDMR Shareholding |
| 21/10/2024 | 06:00 | UK RNS | Audioboom Group PLC Director/PDMR Shareholding |
Audioboom (BOOM) Share Charts1 Year Audioboom Chart |
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1 Month Audioboom Chart |
Intraday Audioboom Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/12/2024 | 13:06 | AudioBoom - Global Podcasts and Huge Markets | 8,885 |
| 30/12/2024 | 08:07 | BOOM, the recovery, always chance of a bid. | 13 |
| 11/12/2024 | 09:26 | Shares are poised to rerate past Ј10 again | 341 |
| 26/9/2024 | 12:46 | Pumper Zico is a scammer | 3 |
| 14/3/2024 | 14:41 | AMAZON BIDDING FOR AUDIOBOOM | 17 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:42:04 | 395.11 | 1,000 | 3,951.13 | O |
| 14:28:51 | 395.11 | 1,350 | 5,333.99 | O |
| 14:22:39 | 397.40 | 500 | 1,987.00 | O |
| 14:22:39 | 395.10 | 3,181 | 12,568.13 | O |
| 14:22:01 | 397.40 | 187 | 743.14 | O |
| Top Posts |
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Posted at 16/12/2024 08:44 by jungmana Boom as a business is booming, therefore share price should boom too. |
Posted at 11/12/2024 10:28 by martinmc123 4*AudioBoom the leading global podcast company issued yet another positive trading update this morning and the share price is reacting and extending its sharp up-move. The business has continued its strong momentum during the fourth quarter of 2024 and the Board now expects that Audioboom will generate an increased adjusted EBITDA profit of at least US$3.1 million significantly surpassing the recently upgraded market expectation of US$2.8 million...from WealthOracle wealthoracle.co.uk/d |
Posted at 11/12/2024 10:17 by someuwin Cavendish:Audioboom Group (BOOM): CORP FY24E and FY25E EBITDA upgrades of +10% and +14% Audioboom’s FY24 trading update highlights excellent November KPI growth, a strategic focus on the higher gross margin Showcase platform, and an outlook for FY24 revenue of at least $73m and adjusted EBITDA of at least $3.1m, which drives the third upgrade to our FY24E and FY25E adjusted EBITDA in three months. Record monthly brand advertiser count of 10,165 in November reflected +53% yoy revenue growth at Showcase, with the platform resonating with a wide range of brands who are trialling then scaling spend. Firm control of opex has driven the outlook for FY24E adjusted EBITDA to at least $3.1m, and we upgrade FY24E and FY25E adjusted EBITDA +10% and +14% to $3.1m and $4.0m, after upgrading from FY24E and FY25E adjusted EBITDA of $1.3m and $2.0m over October and November. As we explain in more depth below, the strategic focus on the higher gross margin Showcase leads us to revise our FY24E and FY25E revenue, and we then reiterate our FY24E net cash and upgrade FY25E net cash +5% to $4.4m. As management focuses on scaling the platform, EBITDA, and cash, we expect any further upside to our adjusted EBITDA would deliver strong gearing to net cash, and we continue to expect Audioboom will be cash generative including all exceptionals in FY24E and FY25E. We reiterate our target price of 1,300p based on 4x FY25E EV/Sales, and we look forward to Audioboom capitalising on its robust momentum at further trading updates, the renewal and win of key podcasts on attractive terms, and potential external interest in the platform. |
Posted at 06/12/2024 09:21 by someuwin This is what Cavendish said on November 15th 2024 with BUY recommendation and £13 target price.Audioboom Group* FY24E & FY25E EBITDA upgrades of +14% & +17% Audioboom’s FY24 trading update highlights that Showcase has continued to make excellent progress, management has confidence in advertising demand through FY24, and that adjusted EBITDA for FY24 is now expected to be c$2.8m from $2.5m previously. Following the strong progress at the August trading update and upgrades at the October Q3 update, the Q4 performance reflects the success of management’s initiatives to drive growth, including from the high margin Showcase platform, which has achieved +49% growth yoy in October as the platform resonates with blue-chip brands who are trialling then scaling spend. After upgrading FY24E and FY25E adjusted EBITDA to $2.5m from $1.3m and $3.0m from $2.0m in October, we upgrade FY24E and FY25E adjusted EBITDA +14% and +17% to $2.8m and $3.5m, due to the higher gross margin from Showcase and continued firm control of opex, where we note that our Q4 24E opex of $4.1m compares to Q1-Q3 opex of $2.6-2.8m. We then reiterate FY24E and FY25E revenue and net cash at this point, as management continues to gain greater visibility on the working capital timings from Showcase. We expect any further upside to our adjusted EBITDA would deliver strong gearing to net cash, and we expect Audioboom will be cash generative including all exceptionals in FY24E and FY25E. We reiterate our target price of 1,300p based on 3.5x FY25E EV/Sales, and we look forward to Audioboom capitalising on its robust operating and financial momentum at further trading updates, the renewal and win of key podcasts on attractive terms, and potential external interest in the platform. —Audioboom&rsq |
Posted at 15/10/2024 07:15 by parob Myles post on X:Audioboom Group Q3 trading update reads wonderfully.34% revenue growth and EBITDA profit significantly ahead of current market expectationsFull year adj. EBITDA expectations increased by 92%, to $2.5m#AUDIOBOOM #BOOM's return to rapid topline growth and profitability should facilitate both a NADAQ listing and possible M&A activity, both of which management alluded to in the interims in July:"The Board is 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."This could be the catalyst that really starts shifting the share price. Cavendish's target price sits at 1,300p.Incredible upside on offer at 210p. |
Posted at 23/7/2024 06:05 by johnma 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 |
Posted at 17/7/2024 06:27 by mrsqueezy 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.investor |
Posted at 12/4/2024 21:41 by z1co News flow so far in 2024 has been very bullish:08/04/2024: In March 2024, Audioboom created more than 1.1 billion available advertising impressions - 10% more than the previously announced record of 1 billion in October 2023. Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce the hiring of two key sales executives to expand the Company's revenue operations. Molly Harvey, formerly of SiriusXM and CBS Radio, joins Audioboom as Vice President of Brand Sales, while Shaun Wilson, formerly of Spotify and Sony Entertainment, joins as Vice President of UK Sales. Shaun is returning to Audioboom, where he previously held the role of UK Head of Sales. The pair will drive the expansion of Audioboom's blue-chip customer base following the successful launch of the Company's brand-focused sales unit in 2023 which has seen strong early-stage traction with monetisation partnerships established at 8 out the top 15 major US advertising agencies. 28/03/2024: 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 Pretty X Unfiltered, BDA with Katherine Schwarzenegger, Soder, Omnibus, Do We Know Them?, and George Conway Explains It All To Sarah Longwell. These shows are expected to contribute more than 4 million downloads per month to the Audioboom Creator Network. 15/03/2024: Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce it boosted its position on the latest podcast industry rankers and has captured significant US market share. Audioboom climbed to 4th position on the February 2024 Triton Digital podcast ranker for the US - the world's largest podcast market. The ranker - based on unique audience - saw the Company overtake radio giant Audacy to become the fourth largest podcast publisher operating in the country. Audioboom continues to grow its market share at speed in the US. Triton's weekly download ranker shows that the Company's market share expanded by 15% over the past year, with the Audioboom Creator Network now responsible for 9% of downloads in the ranker (up from 7.8% in February 2023). 06/03/2024: Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce the extension of partnerships with top-tier podcasts The Tim Dillon Show, Crime Weekly, True Crime Obsessed, Real Ghost Stories and I Think Not. The five shows are a key part of the Audioboom Creator Network, contributing more than 90 million downloads to the network during 2023. 16/02/2024: Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce it achieved record audience reach in January 2024 through the continued growth of its podcast network. In January, podcasts on the Audioboom Creator Network were downloaded by more than 38.6 million unique listeners worldwide, a new monthly record and more than 9% up on Q4 2023's monthly average (34.4 million). 19/01/2024: Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce a record number of Top 100 podcasts in the latest Triton Digital industry ranker. The company published 14 of the Top 100 shows in the US in December 2023. Matt and Shane's Secret Podcast , which joined the Audioboom Creator Network in Q4 2023, was a new entry on the ranker at 22. Casefile , The Tim Dillon Show, Two Hot Takes, True Crime Obsessed and The Broski Report also appeared in the podcast ranker based on audience size. |
Posted at 06/4/2024 08:56 by z1co In January 2024 the shares touched £3.50 , with so much bullish news this year the price has remained subdued.The share price will take off once we get Q1 trading update on the 15th of this month.I expect Q1 to be a new record or very close to the previous record set in Q2 2022. Take a look at the news so far this year: 19 January 2024 Audioboom Achieves Record Top 100 Podcasts Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce a record number of Top 100 podcasts in the latest Triton Digital industry ranker. The company published 14 of the Top 100 shows in the US in December 2023. Matt and Shane's Secret Podcast , which joined the Audioboom Creator Network in Q4 2023, was a new entry on the ranker at 22. Casefile , The Tim Dillon Show, Two Hot Takes, True Crime Obsessed and The Broski Report also appeared in the podcast ranker based on audience size. Audioboom remains the fifth largest publisher on the ranker and has made significant strides over the past 12 months. Audioboom's weekly audience reach of 5.1 million listeners currently sits 1.8 million behind second-placed Wondery - in December 2022 that gap to second place was 3.1 million listeners. 16/02/2024: Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce it achieved record audience reach in January 2024 through the continued growth of its podcast network. In January, podcasts on the Audioboom Creator Network were downloaded by more than 38.6 million unique listeners worldwide, a new monthly record and more than 9% up on Q4 2023's monthly average (34.4 million). Audioboom's audience growth follows the successful launch of new podcasts in the Audioboom Creator Network including Matt & Shane's Secret Podcast and The Why Files, which debuted in the latest Triton Digital podcast ranker at number 76, along with Audioboom Studios production National Park After Dark which debuted at 92. The Company will continue to bring new top tier podcasts with strong audiences to the platform in 2024. In the US, Audioboom remains the fifth largest podcast publisher on the Triton Digital ranker - now just 100k listeners behind American radio giant Audacy. We continue to grow faster than our competitors - the Company is now 1.5 million weekly listeners behind third place Wondery. In the January 2023 ranker the gap to third place was 2.5 million. 15/03/2024: Audioboom Climbs Global Podcast Rankers and Captures Market Share Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce it boosted its position on the latest podcast industry rankers and has captured significant US market share. Audioboom climbed to 4th position on the February 2024 Triton Digital podcast ranker for the US - the world's largest podcast market. The ranker - based on unique audience - saw the Company overtake radio giant Audacy to become the fourth largest podcast publisher operating in the country. Audioboom continues to grow its market share at speed in the US. Triton's weekly download ranker shows that the Company's market share expanded by 15% over the past year, with the Audioboom Creator Network now responsible for 9% of downloads in the ranker (up from 7.8% in February 2023). Audioboom also climbed to 4th position in the latest Triton Digital Australian ranker - overtaking SiriusXM and becoming the largest international publisher in the region. Casefile - a true crime podcast that is part of the Audioboom Creator Network - regained the number 1 spot on the Top Podcasts chart. Audioboom's success follows the successful launch of new podcasts in the Audioboom Creator Network including Matt & Shane's Secret Podcast and The Why Files, as well as the retention of key network podcasts including True Crime Obsessed, The Tim Dillon Show, and Crime Weekly. 28/03/2024: 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 Pretty X Unfiltered, BDA with Katherine Schwarzenegger, Soder, Omnibus, Do We Know Them?, and George Conway Explains It All To Sarah Longwell. 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. BDA is hosted by Katherine Schwarzenegger-Pratt - daughter of Hollywood star and politician Arnold Schwarzenegger and wife of movie star Chris Pratt. The podcast examines life as a new parent, with expert interviews and true-life parenting stories. Soder is a podcast from comedian, and star of the hit TV show Billions, Dan Soder. Alongside the audio podcast, Audioboom will monetise the video version of the show as part of its focus on building YouTube podcast services. Pretty X Unfiltered is a new collaboration between hosts of the hit podcasts Pretty Basic (Alisha Marie & Remi Cruz) and Unfiltered (Zane and Heath), while George Conway Explains It All, from the team at The Bulwark, examines Donald Trump's legal cases during his run for US Presidency. The Audioboom Creator Network is growing quickly as a result of the continued signing of top tier podcasts - it now reaches more than 38 million unique listeners each month. As recently announced, Audioboom climbed the Triton Digital Podcast Ranker in February and is now the fourth largest podcast publisher in the US - the biggest podcast market in the world. |
Posted at 15/3/2024 08:10 by master rsi BOOM 265p +10p - Audioboom Climbs Global Podcast Rankers and Captures Market ShareAudioboom (AIM: BOOM), the leading global podcast company, is pleased to announce it boosted its position on the latest podcast industry rankers and has captured significant US market share. Audioboom climbed to 4th position on the February 2024 Triton Digital podcast ranker for the US - the world's largest podcast market. The ranker - based on unique audience - saw the Company overtake radio giant Audacy to become the fourth largest podcast publisher operating in the country. Audioboom continues to grow its market share at speed in the US. Triton's weekly download ranker shows that the Company's market share expanded by 15% over the past year, with the Audioboom Creator Network now responsible for 9% of downloads in the ranker (up from 7.8% in February 2023). Audioboom also climbed to 4th position in the latest Triton Digital Australian ranker - overtaking SiriusXM and becoming the largest international publisher in the region. Casefile - a true crime podcast that is part of the Audioboom Creator Network - regained the number 1 spot on the Top Podcasts chart. Audioboom's success follows the successful launch of new podcasts in the Audioboom Creator Network including Matt & Shane's Secret Podcast and The Why Files, as well as the retention of key network podcasts including True Crime Obsessed, The Tim Dillon Show, and Crime Weekly. The Company will continue to bring new top tier podcasts with strong audiences to the platform in 2024. Across the podcast industry, consumption levels have been impacted by Apple's iOS17 update. Released in September 2023, this update changed how the Apple Podcasts app downloaded episodes, with industry-wide downloads decreasing by an average of 32%. Audioboom welcomes the change - part of the continued maturation of the industry - as it provides more accurate consumption data, which in turn will improve return-on-investment for brands advertising in podcasting and long-term revenue upside opportunity for publishers. Audioboom's CEO, Stuart Last, commented: "While the Apple iOS17 update has disrupted the industry's view on measurement, what is clear is that Audioboom continues to move faster than our competitors globally. In the US we have captured market share and become the 4th largest podcast publisher in the most important media market in the world." |
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