Audioboom Group (BOOM) H2 2025 earnings summary

Executive summary

• Revenue grew 10% year-over-year to $80.4 million, with gross profit up 17% to $16.9 million and adjusted EBITDA up 54% to $5.1 million, exceeding market expectations.

• Showcase, the tech-based ad marketplace, delivered record revenue of $30.4 million, up 31% year-over-year, and now represents 38% of group revenue.

• Acquisition and integration of Adelicious Limited accelerated UK market presence, making the group the UK's second largest podcast network.

• Video podcasting became a key growth driver, with 12% of revenue from video and new partnerships with Spotify and Apple to enhance monetisation.

• Q1 2026 saw record performance: revenue up 30% and adjusted EBITDA up 118% year-over-year.

Financial highlights

• 2025 revenue: $80.4 million (2024: $73.4 million); gross profit: $16.9 million (2024: $14.4 million); adjusted EBITDA: $5.1 million (2024: $3.4 million).

• Net profit before tax: $1.0 million (2024: $0.9 million); basic EPS: 5.6 cents; diluted EPS: 5.2 cents.

• Gross margin improved to 22.4% (excluding onerous contracts), up from 21.5% in 2024.

• Cash at year-end: $4.2 million, with an additional $3.4 million overdraft facility available.

• Operating costs increased 8% to $11.9 million, with headcount rising to 53 post-acquisition.

Outlook and guidance

• Management expects another record year in 2026, with strong Q1 results and new major content partnerships expected to add 20 million monthly downloads and views.

• Adjusted EBITDA is expected to closely proxy cash generation following the conclusion of legacy onerous contracts.

• Strategic focus on scaling video monetisation and further M&A opportunities.