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This announcement contains inside information as stipulated under the UK Market Abuse Regulations ( " MAR " ) . 18 March 2021 Audioboom Group plc ( " Audioboom " , the " Company " or the " Group " ) Final audited results for the year ended 31 December 2020 Audioboom ( AIM : BOOM ) , the leading global podcast company , is pleased to announce its final audited results for the year ended 31 December 2020 . H : Audioboom HIGHLIGHTS FOR THE YEAR ENDED 31 DECEMBER 2020 Financial and operating highlights 2020 revenue of US $ 26.8 million , up 20 % on 2019 ( US $ 22.3 million ) . Year - on - year growth outpaced the predicted wider industry average growth by 93 % ( ¹ ) Adjusted EBITDA ( ² ) loss of US $ 1.7 million represents an improvement of 42 % on 2019 ( US $ 3.0 million loss ) Brand advertiser count of 311 as at 31 December 2020 , up 11 % on December 2019 ( 280 ) Global revenue per 1,000 downloads ( eCPM ) for December 2020 increased to US $ 38.99 , up 32 % ( December 2019 : US $ 29.60 ) ● ● Continued strong improvement in performance related to our ad technology , with revenue from our automated ad network in 2020 of US $ 2.5 million , up 258 % on 2019 ( US $ 0.7 million ) Access to capital of US $ 6.6 million as at 31 December 2020 , representing Group cash of US $ 3.3 million and US $ 3.3 million of the SPV loan facility remaining undrawn . US $ 0.7 million of the previously drawn non - revolving SPV loan was repaid to SPV Investments Limited in November 2020 Key commercial developments ● Continued expansion of the Audioboom Originals Network with the launch of Raising A Pro , Crime Weekly ( a co production with Main Event Media ) and RELAX ! with Colleen Ballinger and Erik Stocklin Enhanced our premium sales network through new commercial partnerships with leading podcasts including The Fantasy Footballers , Strange & Unexplained , Hoot and a Half , That Gaby Roslin Podcast , Meditation Minis , and Team Never Quit 1 ) Entered or renewed several strategic partnerships focused on enhancing distribution , data and monetisation . With the impact of Covid - 19 , these partnerships became even more important in bolstering Audioboom's operations and maximising resilience to the global pandemic Post year end highlights Extended co - production and commercial partnership with Formula 1 until 2023. Audioboom will produce the F1 : Beyond The Grid and F1 Nation podcasts , and provide exclusive advertising sales services Climbed to 5th largest US podcast publisher , and retained position as largest international podcast publisher in Australia , in January 2021's Triton Digital Podcast Report Strong start to 2021 having already signed advertising bookings representing over 80 % of the current market forecast for 2021 Group revenue - further details will be provided in Q1 trading update which is expected to be released on 14 April 2021 eMarketers August 2020 Podcast Advertising Revenue Report states that US podcast advertising revenue was expected to grow by 10.4 % in 2020 relative to 2019 2 ) Earnings before interest , tax , depreciation , amortisation , share based payments , non - cash foreign exchange movements and material one - off items Stuart Last , CEO of Audioboom , commented : " In 2020 Audioboom strengthened its position as one of the largest independent podcast companies in the world , delivered record revenue and EBITDA performance and put profitability in