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Investegate announcements from Audioboom Group PLC, Audioboom climbs global podcast publisher rankings
The FTSE 100 has plunged 1.9 per cent to 7,380.5, while the FTSE 250 has closed down 1.4 per cent at 20,599.22.
The company, which hosts the This is Money podcast, raked in a record $19.7million in revenues in the first quarter, up 107 per cent from the same period last year.
The company said it made a net profit of around $1.4million in 2021 compared to a $3.3million loss last year as it benefited from higher advertising revenue.
AUDIOBOOM GROUP PLC showed a profit for the first time in 2021 and saw U.S. revenue rise 125% year-over-year to $60.2 million for the full year 2021, the podcast company announced MONDAY (1/10). Adjusted EBITDA for the year of $3 million compared to a loss of $1.8 million in 2020; the annual net profit of $1.4 million followed a $3.3 million loss in 2020. In fourth quarter 2021, revenue increased 141% year-over-year to $20.5 million, also a 21% increase over third quarter. Average global ...