Audioboom’s Q1 trading update shows a step-change in scale: revenue for the quarter ended 31 March was US$22.5m, up 30% on Q1 2025, while adjusted EBITDA climbed to US$1.4m, a 118% increase and a 6.2% margin (Q1 2025: 3.7%). Gross profit rose 41% to US$4.8m, lifting gross margin to 21.3%.
The outperformance came from Showcase — the group's higher-margin ad marketplace — where Q1 revenue was up 63% year-on-year, driven by inventory expansion and stronger demand.
Average monthly distribution reached 170m downloads and video views (up 79% from 94.8m), aided by the July 2025 Adelicious acquisition and new signings including Crooked Media, RedHanded and Hear Me Out. Those shows add more than 20m downloads and views per month and over 200m monthly available impressions to Showcase.
Operational gearing is improving: monthly opex averaged US$1.1m, and management says marginal revenue now converts to incremental adjusted EBITDA at a rate above 20%. RPM fell to US$45.10 (Q1 2025: US$60.83) as lower-yield video and UK downloads rose — a gap Audioboom frames as medium-term upside as video monetisation ramps.
The group held US$5.5m of cash at 31 March, with a US$3.4m overdraft facility. Commercially, Audioboom launched partnerships with Spotify and Apple and renewed key podcast contracts including F1: Beyond the Grid, Soder, Zane and Heath: Unfiltered, The Sabrina Zohar Show and Monsters Among Us.
"2026 is off to a flying start for Audioboom with new major podcast signings, the launch of commercial partnerships in video, and excellent financial performance by all metrics... I am excited about 2026. We will have record inventory levels, new commercial opportunities, and a continued focus on growing our platform model. I would like to express my appreciation to the Audioboom team and to thank shareholders for their continued support and belief in the future of the company," said Stuart Last, Chief Executive Officer.
