Audioboom Group (BOOM) H1 2025 earnings summary

Executive summary

• H1 2025 delivered strong operational and financial growth, with adjusted EBITDA up 500% to $1.8 million and gross profit up 30% to $7.4 million, positioning the company for a record year.

• Acquisition of Adelicious Ltd. at under 1x revenue creates the second largest podcast network in the UK, adding 20 million monthly downloads and 5 million unique listeners, and is immediately earnings accretive.

• Showcase, the ad marketplace, remains the fastest-growing segment, now contributing over 33% of group revenue, supported by AI tool launches and platform enhancements.

• Brand advertiser count increased 65% year-over-year to 13,262, with average monthly distribution reaching 100 million downloads and views, up 5%.

• Over $70 million in advertising revenue already booked for 2025, exceeding the same point last year by $5 million.

Financial highlights

• H1 2025 revenue reached $75.1 million in one report and $35.1 million in another, with gross profit of $7.4 million (up 30% year-over-year) and gross margin improving from 17% to 21%.

• Adjusted EBITDA for H1 was $1.8 million, a 500% increase year-over-year.

• Showcase revenue grew 24–25% year-over-year to $11.6 million, contributing to higher gross margins.

• Premium ad product revenue increased by 9% to $19.5 million; Sonic Integrated Marketing revenue declined 43% to $3.8 million.

• Basic EPS was 7.7 cents (vs -8.2 cents in H1 2024); diluted EPS was 7.0 cents.

Outlook and guidance

• 2025 revenue guidance upgraded to $83.2 million and adjusted EBITDA to $4.9 million post-Adelicious acquisition; 2026 expectations are $94.5 million revenue and $7.2 million adjusted EBITDA.

• Adelicious deal projected to be 6% accretive to EBITDA/share and 7% to EPS in 2026.

• Cash position expected to remain flat in 2025, with growth anticipated in 2026 as contract obligations unwind.

• Entering highest demand season with record advertising inventory and new high-profile podcasts joining the network.

• Focus on expanding video and AI-driven ad capabilities to drive further growth in 2025.