Q3 Trading Update

Audioboom Group PLC

14 October 2026

 

This announcement contains inside information as stipulated under the UK Market Abuse Regulations ("MAR").

Audioboom Group plc

("Audioboom", the "Group" or the "Company")

Q3 Trading Update

 Record Q3: 17% revenue growth and 89% adjusted EBITDA growth

Trading ahead of market expectations

Audioboom (AIM: BOOM), the leading global podcast company, is pleased to provide a trading update for the quarter ended 30 September 2026.

Financial and operating highlights

• Record Q3 performance in all key financial metrics, including:
  • Q3 revenue of US$23.8 million, up 17% on Q3 2025 (US$20.3 million)
  • Q3 gross profit of US$5.6 million, up 30% on Q3 2025 (US$4.3 million)
  • Q3 adjusted EBITDA(1) of US$2.2 million, up 89% on Q3 2025 (US$1.2 million)
• Adjusted EBITDA is ahead of current market expectations, and the Board now expects that Audioboom will generate an increased adjusted EBITDA for the year ending 31 December 2026 of at least US$7.7 million
• Record performance for the nine months to 30 September 2026:
  • Revenue of US$69.5 million, up 25% on the same period last year (US$55.5 million)
  • Gross profit of US$15.5 million, up 32% on the same period last year (US$11.7 million)
  • Adjusted EBITDA(1) of US$5.5 million, up 84% on the same period last year (US$3.0 million)
• Q3 gross margin of 23% (Q3 2025: 21%), with continued margin improvement as a result of our focus on higher quality revenue and improved creator contracts
• Q3 adjusted EBITDA margin of 9% (Q3 2025: 6%), highlighting the continued strong performance and leverage in the core business model, achieved through gross margin improvements and tight cost control
• The Company is now benefitting from high operational gearing: the US$3.5 million year-on-year increase in Q3 revenue delivered a US$1.0 million increase in adjusted EBITDA, an incremental margin in excess of 25%
• Continued strong growth of Showcase – our ad-tech driven global advertising marketplace – with Q3 revenue of US$9.7 million, up 20% on Q3 2025 (US$8.0 million)
• Q3 average monthly distribution of 190 million downloads and video views, up 47% on Q3 2025 (130 million) driven by the fast-paced growth of Audioboom’s video podcasts and new 2026 podcast partnerships
• Group cash at 30 September 2026 of US$6.7 million (30 September 2025: US$2.9 million, 30 June 2026: US$5.4 million), with an additional US$3.4 million available via an overdraft facility, and a further US$10.0 million available via a revolving credit facility to support the Company’s M&A-focused accelerated growth strategy

Commercial highlights

• New signings in the quarter have expanded the Audioboom Creator Network with the addition of tier one content partnerships including the Pionaire Network and Brand Safe
• Renewal in the quarter of key contracts with leading podcasts in our creator network, including The Broski Report and Let’s Not Meet

Stuart Last, CEO of Audioboom, commented:

“The powerful dynamics of our platform business model were on full show in Q3 2026. Revenue increased by 17%, driven by our strongest-ever content slate, record distribution and ad inventory. In turn, gross profit growth almost doubled that rate, up 30%, reflecting continued improvements to our podcaster revenue shares and a greater contribution from higher margin advertising products. Gross profit then geared strongly to adjusted EBITDA which was up 89%. The final stages of our integration of Adelicious into the Company generated ongoing cost synergies, holding our operating costs at approximately US$1.1 million per month. Our adjusted EBITDA margin of 9% for the quarter highlights the strong operational gearing inherent in the business.

In September, our ad marketplace Showcase delivered exceptional performance, benefitting from the first meaningful wave of political advertising spend ahead of the US midterm elections. With our politics and news network generating approximately a quarter of a billion available ad impressions each month, we are uniquely positioned to capitalise on increasing demand and capture maximum value as the election-related spending continues to build through Q4.

Our outstanding performance in the first nine months of the year has positioned us to out-perform current market expectations, with Audioboom now expecting to deliver an increased adjusted EBITDA profit for 2026 of at least US$7.7 million.

As outlined in our half-year report, M&A remains central to our accelerated growth strategy. The recent confirmation of our debt facility provides access to an additional US$10.0 million of capital for strategic acquisitions. Together with our cash balance of US$6.7 million, we have the financial firepower and flexibility to lead the inevitable consolidation within the podcast industry. Our objective remains to execute three to four meaningful transactions over the medium term.

Last month we kicked off the 2027 “upfronts” season with our advertising event in New York City, which was attended by more than 100 representatives from leading advertising agencies and brands. The positive advertiser response to our record levels of inventory and premium roster of audio and video content provides strong momentum as we look ahead into 2027.”

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 incurred

Enquiries

Audioboom Group plc
Stuart Last, Chief Executive Officer Brad Clarke, Chief Financial Officer	Tel: [phone]
Cavendish Capital Markets Ltd (Nominated Adviser and Broker)
Stephen Keys / Elysia Bough (Corporate Finance) Harriet Ward (ECM)	Tel: [phone]

About Audioboom

Audioboom is a global leader in podcasting - our shows are downloaded and viewed 190 million times each month by 58 million unique listeners around the world. Audioboom is ranked as the fifth largest podcast publisher in the US by Edison Research.

Audioboom's ad-tech and monetisation platform underpins a scalable content business that provides commercial, distribution, marketing and production services for a premium network of top tier podcasts. Key partners include the official Formula 1 podcasts ‘F1: Beyond the Grid’ and ‘F1 Nation’, 'True Crime Obsessed' (US), ‘The Tim Dillon Show' (US), 'No Such Thing As A Fish' (UK) and 'The Cycling Podcast' (UK).

Audioboom operates internationally, with global partnerships across North America, Europe, Asia and Australia. The platform distributes content via Apple Podcasts, YouTube, Spotify, Pandora, Amazon Music, iHeartRadio, Facebook and X as well as a partner's own websites and mobile apps.

For more information, visit audioboom.com.

 

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