Audioboom - Posts record Q3 as adjusted EBITDA jumps 89% and full-year guidance rises
Podcast company Audioboom (AIM: BOOM) has announced a record performance for the quarter ended 30th September 2026, with adjusted EBITDA ahead of market expectations for the current year.
Q3 saw new highs in all key financial metrics, including revenue of US$23.8 million, up 17% on Q3 2025, gross profit of US$5.6 million, up 30%, and adjusted EBITDA of US$2.2 million, up 89%. The new adjusted EBITDA expectation for the year ending 31st December 2026 is at least US$7.7 million. That’s up from US$5.1 million last year and US$3.4 million in 2024.
There was also a record performance for the nine months to 30th September 2026 with revenue of US$69.5 million, up 25% on the same period last year, gross profit of US$15.5 million, up 32%, and adjusted EBITDA of US$5.5 million, up 84%.
Turning to margins, and the Q3 gross margin was 23% (Q3 2025: 21%), with continued improvement as a result of a focus on higher quality revenue and improved creator contracts. The Q3 adjusted EBITDA margin was 9%, up from 6%, highlighting a continued strong performance and leverage in the core business model, achieved through gross margin improvements and tight cost control.
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The business
Audioboom is a global leader in podcasting, with its shows downloaded and viewed 190 million times each month by 58 million unique listeners around the world. Audioboom is ranked as the fifth largest podcast publisher in the US by Edison Research.
Audioboom’s ad-tech and monetisation platform underpins a scalable content business that provides commercial, distribution, marketing and production services for a premium network of top tier podcasts. Key partners include the official Formula 1 podcasts ‘F1: Beyond the Grid’ and ‘F1 Nation’, ‘True Crime Obsessed’ (US), ‘The Tim Dillon Show’ (US), ‘No Such Thing As A Fish’ (UK) and ‘The Cycling Podcast’ (UK).
Audioboom operates internationally, with global partnerships across North America, Europe, Asia and Australia. The platform distributes content via Apple Podcasts, YouTube, Spotify, Pandora, Amazon Music, iHeartRadio, Facebook and X as well as a partners’ own websites and mobile apps.
Audioboom five-year share price chart
More financial highlights
Back to today’s numbers, and Audioboom is now benefiting from high operational gearing. The US$3.5 million year-on-year increase in Q3 revenue delivered a US$1.0 million increase in adjusted EBITDA, an incremental margin in excess of 25%.
There was continued strong growth seen in Showcase, the firm’s ad-tech driven global advertising marketplace, with Q3 revenue of US$9.7 million, up 20% on Q3 2025 (US$8.0 million). September benefited from the first meaningful wave of political advertising spend ahead of the US midterm elections.
Q3 saw average monthly distribution of 190 million downloads and video views, up 47% on Q3 2025, driven by the growth of Audioboom’s video podcasts and new 2026 podcast partnerships.
New commercial signings in the quarter expanded the Audioboom Creator Network, with the addition of tier one content partnerships including the Pionaire Network and Brand Safe. Key contracts were renewed with leading podcasts in the creator network, including The Broski Report and Let’s Not Meet.
Cash available to fund deals
On the balance sheet, group cash at the period end was US$6.7 million, up from US$5.4 million as at 30th June 2026 and US$2.9 million 12 months previously. The firm has access to an additional US$3.4 million via an overdraft facility, and a further US$10 million available via a revolving credit facility to support its M&A-focused accelerated growth strategy. Audioboom believes there will be inevitable consolidation within the podcast industry, with its objective being to execute three to four meaningful transactions over the medium term.
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Disclosures
Audioboom is not a corporate client of Optimo Research Ltd.
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