TIDMBOOM
RNS Number : 9012O
Audioboom Group PLC
07 October 2019
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
Audioboom Group plc
("Audioboom", the "Group" or the "Company")
Q3 Trading Update
Record quarterly revenue of US$5.7 million
Audioboom (AIM: BOOM), the leading global podcast company, is
pleased to provide an update on trading for the quarter ended 30
September 2019.
Financial and Operating Highlights*
-- Trading in line with management expectations with record
quarterly revenue of c.US$5.7 million, up 86% on Q3 2018 (US$3.0
million). Total revenue for the nine months to 30 September is
US$15.5 million, up 127% on the same period last year (US$6.8
million)
-- Brand advertiser count of 244 as at 30 September 2019, up 15%
on 30 June 2019 (212) and up 45% on September 2018 (168)
-- Global revenue per 1,000 downloads (eCPM) for September
increased to US$27.38, up 28% on the same period last year
(September 2018: US$21.34)
-- Total Q3 available premium advertising impressions was 446
million, up 66% from the same period last year (Q3 2018: 269
million). Total available premium advertising impressions for the
nine months to 30 September 2019 was 1,138 million, up 46% on the
same period last year (September 2018 YTD: 780 million)
-- Cash position as at 30 September 2019 was US$2.5 million (30
June 2019: US$3.4 million; 30 September 2018: US$1.6 million)
*The financial period ended 31 December 2018 was a 13-month
period. In order to provide appropriate like-for-like comparisons,
the Q3 2018 comparable period referred to herein is 1 July - 30
September.
Key contract wins and renewals
-- Key contract renewals include "No Such Thing As A Fish", "The
Totally Football Show", and "The Morning Toast"
-- New Audioboom Originals Network (AON) shows launched during
the quarter include "Never Thought I'd Say This" hosted by Jodie
Sweetin, the star of Netflix's Fuller House, and co-produced with
Main Event Media, "A Life Lived", and "After The Whistle" hosted by
Lewis Moody
-- Notable new shows signed during Q3 2019 include:
o Waveform with Marques Brownlee
o Morbid
o rSlash
o Ohoney
o Silent Waves
o Limitless with Josh Patterson
o Mental Podcast
o Confessionals
o 50 Facts Podcast
Other key developments
-- Enhanced technology partnership with Voxnest to provide
ad-serving and programmatic technology
-- New partnership with global analytics and data company Nielsen
-- Opening of new recording studios and production facilities in New York City
-- Strong development pipeline of Audioboom Originals Network
shows for launches in Q4 2019 and Q1 2020
Stuart Last, interim CEO of Audioboom, commented: "We're pleased
to confirm another strong quarter of growth for Audioboom,
cementing our position as one of the largest independent podcast
companies in the world. New shows launched into our Audioboom
Originals Network made a significant impact as we increased our
commitment to creative bravery and solidified our marketing
strategy. We continue to execute our strategy efficiently, proving
our business model both in the US and the UK, and delivering
dynamic growth across all our key performance markers. Audioboom is
in the strongest position since its founding, and I'm excited to
lead this incredible team into a new phase, fully focused on
driving the core business forward and delivering value to our
podcast partners and our shareholders."
Enquiries
Audioboom Group plc
Michael Tobin, Chairman Tel: +44(0)20 7403
Brad Clarke, Chief Financial Officer 6688
Allenby Capital Limited (Nominated adviser Tel: +44(0)20 3328
and Broker) 5656
David Hart/Alex Brearley/Asha Chotai
Walbrook PR Limited (PR & IR Advisers) Tel: +44(0)20 7933
8780
Nick Rome/Tom Cooper or audioboom@walbrookpr.com
About Audioboom
Audioboom is the leading global podcast company, consolidating
the business of on-demand audio, making content accessible,
wide-reaching and profitable for podcasters, advertisers and
brands. Audioboom operates internationally, with operations and
global partnerships across North America, Europe, Asia and
Australia, and addresses the issue of disparate podcast services by
putting all of the pieces of the puzzle together under one
umbrella, creating a user-friendly, economical experience.
Audioboom hosts over 13,000 content channels, with key partners
including A+E Networks (US), Associated Press (US), 'Astonishing
Legends' (US), 'Casefile True Crime' (AUS), Edith Bowman (UK),
'Felon True Crime Podcast' (AUS), Jonathan Ross (UK), 'Moneycontrol
Podcast' (India), 'No Such Thing As A Fish' (UK), Red FM (India),
Starburns Audio (US), 'The Cycling Podcast' (UK), 'The Totally
Football Show' (UK), 'The True Geordie Podcast' (UK) and
'Undisclosed' (US).
Original content produced by Audioboom includes 'The 45th' (US),
'Covert' (US), 'I Almost Knew That' (India), 'The Psychology Behind
with Dr Linda Papadopoulos' (UK), 'Ctrl Alt Win Podcast' (India),
'Deliberations' (US), 'It's Happening with Snooki & Joey' (US),
'Mafia' (US), 'Mission To Zyxx' (US),' Night Call' (US) and 'The
Russell Brand Podcast' (UK).
The platform receives over 60 million listens per month and
allows partners to share their content via Apple Podcasts,
BookMyShow, Deezer, Google Podcasts, iHeartRadio, RadioPublic,
Saavn, Spotify, Stitcher, Facebook and Twitter as well as their own
websites and mobile apps.
For more information, visit audioboom.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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October 07, 2019 02:00 ET (06:00 GMT)
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