Audioboom Touts Big First Quarter

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The company reported record Q1 revenue of $4.6 million and said that as of the end of March, 178 advertisers were using the platform, an increase of 55% from a year ago. Revenue per 1,000 listens is now $23.77, up 67% from the same quarter in 2018. Ad impression also increased from 239 million in Q1 of 2018 to 305 million in Q1 of 2019.

CEO Rob Proctor said, “We are delighted with our start to 2019. We have signed great new podcasts during Q1, are making compelling new content, F1: Beyond the Grid is performing exceptionally well, and we have industry leading sell through rates. Podcasting is now the growth sector in digital media for brands and broadcasters looking to consolidate or add podcast creation and content to their platforms and we are involved in more content negotiations and commercial opportunities than ever before. We are ideally positioned to benefit from this; and the continued corporate activity within the sector demonstrates Audioboom’s potential to deliver significant shareholder value this year.”

Audioboom also added a slate of new shows in the first quarter of this year:
o Genius Brain
o You Can Sip With Us
o What Happened When
o Chilling Tales for Dark Nights
o Small Town Dicks
o The Influencer Podcast
o What’s good with Rudolph and Minister
o The Evidence Locker
o Sunday Vibes: Extra Time
o Out to Lunch with Jay Rayner
o Alien Nation with Jo Wood