Audioboom Posts Record Q3 Performance and Strategic Review

Audioboom Group plc (LON: BOOM) announced a record Q3 trading update, showcasing significant growth in revenue and profitability.

The podcasting company's shares are currently under scrutiny as it undergoes a strategic review, potentially leading to a sale.

Audioboom reported a Q3 adjusted EBITDA profit of US$1.2 million, an 18% increase compared to US$1.0 million in Q3 2024. Revenue for the quarter reached US$20.4 million, up 9% from US$18.8 million in the same period last year. Gross profit also saw a rise, reaching US$4.3 million, a 12% increase from US$3.8 million in Q3 2024.

The company's year-to-date performance is equally impressive. Adjusted EBITDA profit for the nine months ending September 30, 2025, surged to US$3.0 million, a substantial 127% increase from US$1.3 million in the previous year. Total revenue for the same period amounted to US$55.5 million, a 5% increase from US$52.9 million. Total gross profit for the nine months reached US$11.7 million, a 23% increase from US$9.5 million.

Audioboom's distribution also experienced strong growth, with an average monthly distribution of 135 million downloads and video views in Q3, a 40% increase from 96 million in Q3 2024. This surge is attributed to the acquisition of Adelicious in July 2025 and the rapid expansion of Audioboom's video podcasts.

The company's RPM (average revenue per 1,000 downloads) stood at US$51.92 in Q3, lower than the previous year's US$66.06. This decrease is primarily due to the increase in lower-yield UK downloads following the Adelicious acquisition.

However, Audioboom sees this as a significant opportunity for medium-term value creation in the UK podcast market. The average total brand advertiser count reached 10,058 in Q3, a 22% increase from 8,257 in Q3 2024.

Audioboom's cash reserves at the end of Q3 stood at US$2.9 million, up from US$2.5 million at the end of Q2. The company also has access to a further US$3.4 million through an overdraft facility. Furthermore, the Group has in excess of US$79.0 million revenue for 2025 booked – 7% up on total 2024 revenue with 11 weeks of the year remaining.

On October 3, 2025, Audioboom announced that it had commenced a strategic review and is now in an offer period. The Board said it is considering various options, including a potential sale of the Company.

CEO Stuart Last commented, “Audioboom's positive performance has continued through the third quarter of the year and alongside record Q3 revenue, gross profit, and adjusted EBITDA, the third quarter of 2025 marked a turning point in the Company's story with the successful acquisition and integration of Adelicious, highlighting the long-term value our platform business can deliver through accelerated expansion.”