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Audioboom hikes profit expectations for second time in as many months

Published: 02:50 15 Nov 2024 EST

Audioboom Group PLC -

Audioboom Group PLC (AIM:BOOM) has hiked expectations for full-year profit for the second time in as many months.

Strong momentum into the fourth quarter has left the podcast company on course to hit adjusted pre-tax earnings of US$2.8 million (£2.2 million), Audioboom said on Friday.

This marks a hike from guidance of US$2.5 million laid out in October, which itself had been lifted from an expectation of US$1.3 million previously.

Audioboom added the stronger performance had been driven by advertising marketplace Showcase, where revenue grew 49% year on year in October.

“With confidence in advertising demand for the remainder of our strongest quarter of the year, I am very pleased to see a second upgrade to [...] expectations this year,” chief executive Stuart Last commented.

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