Audioboom Group PLC - Jersey-based podcast publisher - Says its ‘strong’ momentum continued in the final quarter of 2024. The company notes a record monthly brand advertiser count of 10,165 in November, up 65% from 6,157 a year ago. Audioboom for 2024 now expects to generate adjusted earnings before interest, tax, depreciation and amortisation of $3.1 million, up 11% from the previous recently upgraded market forecast of $2.8 million. This would be a swing from the adjusted Ebitda loss of $396,000 reported for 2023. For 2025, Audioboom expects revenue growth to be at least in line with the industry growth forecast of 10%. Chief Executive Officer Stuart Last says: ‘Our platform is delivering higher-quality revenue and extracting more value than ever before, and I look forward to updating you further on our performance this year in January 2025.’

Current stock price: 364.00 pence each, up 8.0% on Wednesday morning in London

12-month change: up 60%

Copyright 2024 Alliance News Ltd. All Rights Reserved.