Audioboom Sees Revenue Increase For Third Quarter 2019

Q3 Results

AUDIOBOOM third quarter 2019 revenue rose 86% year-to-year to $5.7 million, with global revenue per 1,000 downloads (eCPM) up 28% to $27.38. The company reported that the number of brand advertisers using its podcasts increased 45% year-to-year and 15% from second quarter to 244. The company's cash position increased year-to-year from $1.6 million to $2.5 million.

Interim CEO STUART LAST said, “We’re pleased to confirm another strong quarter of growth for AUDIOBOOM, cementing our position as one of the largest independent podcast companies in the world. New shows launched into our AUDIOBOOM Originals Network made a significant impact as we increased our commitment to creative bravery and solidified our marketing strategy. We continue to execute our strategy efficiently, proving our business model both in the US and the UK, and delivering dynamic growth across all our key performance markers. AUDIOBOOM is in the strongest position since its founding, and I’m excited to lead this incredible team into a new phase, fully focused on driving the core business forward and delivering value to our podcast partners and our shareholders.”

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