Audioboom Group (BOOM) Q1 2026 TU earnings summary

Executive summary

• Achieved record Q1 revenue of $22.5 million, up 30% year-over-year, with strong growth in both audio and video podcasting.

• Adjusted EBITDA rose 118% to $1.4 million, reflecting improved profitability and operational leverage.

• Launched commercial partnerships with Spotify and Apple to enhance video monetization and advertising opportunities.

• Expanded the creator network with new tier-one content partnerships, including Crooked Media and RedHanded, and renewed key contracts.

• Hosted the inaugural UK Audioboom Upfronts, strengthening UK market presence and relationships with brands post-Adelicious acquisition.

Financial highlights

• Q1 2026 gross revenue reached $22.5 million, up 30% year-over-year.

• Gross profit rose to $4.8 million, a 41% increase compared to Q1 2025, with gross margin improving to 21.3% from 19.7%.

• Adjusted EBITDA grew 118% year-over-year to $1.4 million, with a margin of 6.7%.

• Operating expenses remained stable at $1.1 million per month, supporting margin expansion.

• Cash collection efficiency improved, with $23.8 million collected in Q1 2026, representing 106% of revenue booked.

Outlook and guidance

• Expects further adjusted EBITDA margin expansion through 2026 due to revenue seasonality and new partnerships.

• Anticipates record financial performance in 2026, driven by distribution, Showcase, and Premium bookings growth.

• Ongoing investment in sales team to maximize advertising inventory monetization.

• Continues to explore strategic opportunities as part of an ongoing strategic review.

• Focus remains on optimising yield from increased inventory and leveraging new content signings.