<div>
  <ul>
    <li>
      <p>
        Audioboom reported a revenue decline of 5% YoY to USD 31.8 million in 1H 2023 compared to USD 33.4 million (adjusted to exclude the revenue generated from the Morbid podcast which departed from the network in May 2022) in 1H 2022. However, the company recorded a revenue growth of 6.5% YoY, reaching USD 16.4 million in Q2 2023.
      </p>
    </li>
    <li>
      <p>
        Audioboom&rsquo;s Premium ad product contributed 59% to its topline in 1H 2023; its Showcase product contributed 21% to the group's revenue and delivered 35% YoY revenue growth; and Sonic, Audioboom's brand platform, contributed 20% to the group&rsquo;s revenue. Audioboom&rsquo;s 1H 2023 geographic share of revenue reported a more than 22% YoY decline, deriving ~97% of its revenue from the US and the remainder from the UK, with the company deriving ~99% of its revenue in the form of advertisements.&nbsp;
      </p>
    </li>
    <li>
      <p>
        The company recorded an average of 125.9 million global monthly downloads in Q2 2023, up 1% from Q1 2023 (125.2 million), alongside a 24% YoY growth in average monthly brand advertiser count to 8,042. In May 2023, Audioboom achieved a record high of 135.2 million monthly downloads, and in June 2023, the platform reached a record count of 8,786 brand advertisers. The company's eCPM (earnings per 1,000 downloads) also showed improvement, rising to USD 43.6 in Q2 2023, a 6% increase from Q1 2023 (USD 41).
      </p>
    </li>
    <li>
      <p>
        Audioboom recorded an adjusted EBITDA of USD 0.3 million in 1H 2023, compared to USD 2 million in 1H 2022. The diluted loss per share for 1H 2023 was USD 0.65, in sharp contrast to the diluted earnings per share of USD 0.04 in 1H 2022.&nbsp;
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://audioboomplc.com/wp-content/uploads/2023/07/2023-Half-Year-Report.pdf">
      Press release&nbsp;
    </a>
  </p>
  <p>
  </p>
</div>


All Updates

Audioboom achieves milestone in 1H 2023 with record monthly downloads and brand advertiser count

Audioboom records YoY revenue decline in Q1 2023 due to Morbid Networks’ departure

Amazon and Spotify consider acquiring UK-based podcasting platform Audioboom