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Audioboom Reports Record Third-Quarter Results and Raises Full-Year Earnings Guidance

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BOOMGBX 529.90 4.93%

Podcast publisher Audioboom Group PLC (LSE:BOOM) reported record financial results for the third quarter ended September 30, 2026, driven by expanding content partnerships and advertising growth. Revenue for the quarter rose 17% year-over-year to $23.8 million, while gross profit increased 30% to $5.6 million. Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) surged 89% to $2.2 million.

The company attributes the margin growth to operational leverage, improved creator contracts, and the ongoing integration of Adelicious, which helped cap monthly operating expenses around $1.1 million. Revenue from Audioboom's Showcase ad-tech platform rose 20% to $9.7 million, supported by political ad spending ahead of the U.S. midterm elections. Due to the strong performance, management raised its full-year 2026 adjusted EBITDA outlook to at least $7.7 million, exceeding prior market expectations.

Looking ahead, Audioboom plans to pursue strategic acquisitions using its $6.7 million cash balance and a newly secured $10.0 million revolving credit facility. The company aims to complete three to four transactions over the medium term while capitalizing on advertiser demand following its 2027 upfronts presentation in New York.

Key points

  • Third-quarter revenue grew 17% year-over-year to $23.8 million, while adjusted EBITDA rose 89% to $2.2 million.
  • Management raised its full-year 2026 adjusted EBITDA expectation to at least $7.7 million, topping analyst estimates.
  • Average monthly downloads and video views increased 47% to 190 million during the quarter.
  • Showcase advertising marketplace revenue grew 20% to $9.7 million, boosted by political advertising spend.
  • The company held $6.7 million in cash as of September 30, 2026, with $13.4 million in total available credit lines.

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Questions and answers

What were Audioboom's third-quarter 2026 financial results?

Audioboom reported third-quarter revenue of $23.8 million, up 17% from the same period last year. Gross profit rose 30% to $5.6 million, and adjusted EBITDA jumped 89% to $2.2 million.

Why did Audioboom raise its full-year earnings guidance?

Audioboom raised its 2026 adjusted EBITDA target to at least $7.7 million due to strong operational gearing, rising gross margins, and expanding ad inventory across its podcast network.

How much cash and debt availability does Audioboom have?

Audioboom ended the third quarter with $6.7 million in cash, an additional $3.4 million overdraft facility, and a $10.0 million revolving credit facility available for potential acquisitions.