Earnings release
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13 October 2021 H : This announcement contains inside information as stipulated under the UK Market Abuse Regulations ( " MAR " ) . Audioboom Q3 Trading Update Record quarterly performance ; 161 % revenue growth and significantly increased adjusted EBITDA profit Trading for FY 2021 expected to be significantly ahead of market expectations Audioboom ( AIM : BOOM ) , the leading global podcast company , is pleased to provide a trading update for the quarter ended 30 September 2021 . Financial and operating highlights Record quarterly revenue of US $ 16.9 million , up 161 % on Q3 2020 ( US $ 6.5 million ) and up 28 % on Q2 2021 ( US $ 13.2 million ) ● ● ● Audioboom Group plc ( " Audioboom " , the " Group " or the " Company " ) Average global monthly downloads increased to 99.1 million , up 27 % on Q3 2020 ( 77.9 million ) . Global downloads in September 2021 reached a record 107.7 million ● Average brand advertiser count of 370 up 49 % on Q3 2020 ( 248 ) Average global revenue per 1,000 downloads ( eCPM ) increased to US $ 54.77 , up 81 % ( Q3 2020 : US $ 30.32 ) ● ● Total revenue for the nine months to 30 September of US $ 39.7 million , up 117 % on the same period last year ( US $ 18.3 million ) . Year - on - year growth for the nine months to 30 September outpaced the annual predicted wider industry average by 95 % ( ¹ ) Quarterly adjusted EBITDA ( 2 ) profit of US $ 1.0 million ( Q3 2020 : US $ 0.3 million loss ) Period end adjusted EBITDA ( ¹² ) profit of US $ 1.2 million ( nine months to 30 September 2020 : US $ 1.6 million loss ) with the Company recording positive adjusted EBITDA ( 2 ) for every month in 2021 ● The Board now expects that Audioboom will generate revenues in excess of current market expectations for the 2021 financial year and a significantly increased adjusted EBITDA relative to these market expectations Key recent commercial developments Launch of Audioboom's UK production operation , as part of the Company's recently rebranded Audioboom Studios production arm . UK shows include the debut of The FBoy Podcast and the upcoming premiere of Methods of Murder . A further six shows are in development for launch in 2022 Increased premium advertising inventory from new major content initiatives announced recently including : The Way I Heard It with Mike Rowe , RedHanded , Dark History , Unfiltered and The Fantasy Footballers Access to capital of US $ 4.5 million as at 30 September 2021 , represented by Group cash of US $ 1.2 million and US $ 3.3 million of the non - revolving SPV loan facility remaining undrawn The Company continues to manage its balance sheet efficiently and utilise its available working capital very effectively . As a reference it has collected in excess of US $ 3.0m to date in October Increased demand and strong pricing during major events , including the start of the US NFL season , Premier League football and the F1 season