Audioboom Group (AIM:BOOM) reported first-half adjusted EBITDA profit of $3.2 million, up 80% on the $1.8 million recorded in the same period last year.
The AIM-listed podcast company, which connects creators, brands and audiences across its platform, said revenue rose 30% to $45.7 million in the six months to 30 June, with gross profit up 33% to $9.9 million.
Showcase, its automated advertising marketplace, grew revenue 60% to $18.6 million, while average monthly downloads and video views reached 183 million in the second quarter, up 84% year on year.
Group cash stood at $5.4 million at the half-year, against $2.5 million a year earlier, with a further $3.3 million available via overdraft.
Audioboom has reached an agreement in principle with HSBC for a new revolving credit facility of up to $10 million, expected to complete in the coming weeks, to support its acquisition-led growth strategy.
The board also confirmed it had terminated discussions with three interested parties following a strategic review launched in October, after concluding the indicative offers undervalued the company given its accelerating performance.
Booked revenue for 2026 already exceeds $81 million as of 14 July, ahead of total 2025 revenue of $80.4 million.
"We continue to execute our growth strategy with discipline and consistency, delivering an exceptional first half of the year," said chief executive Stuart Last.
The company is targeting revenue above $200 million and adjusted EBITDA above $40 million by 2030, backed by four to five further acquisitions.
