top of page

Audioboom Doubles Down On Growth After Record First Half.

The months-long strategic review at Audioboom is now over, and CEO Stuart Last says that has returned the company’s focus to operations and organically growing the business. First half results released Wednesday provide management evidence that they are heading in the right direction as Audioboom posted record results for the first six months of the year.


Revenue climbed 30% year-over-year to $45.7 million during the first half, while adjusted EBITDA increased 80% to $3.2 million. Gross profit rose by a third to $9.9 million. Audioboom also reported a pre-tax profit of $3.1 million, more than double what was recorded a year earlier.


“We continue to execute our growth strategy with discipline and consistency, delivering an exceptional first half of the year and demonstrating the operating leverage in our platform business,” Last says in an update to investors.


Growth was fueled in part by the continued expansion of Showcase, Audioboom’s automated advertising marketplace. Showcase revenue jumped 60% to $18.6 million in the first half. It says Showcase now accounts for 41% of the company’s total revenue, up from one-third a year ago. 


Last says Showcase benefits the company and creators alike.


“Showcase delivers greater monetization for creators while providing advertisers with efficient access to premium podcast inventory at scale,” he says. “The growth of this product reinforces our transition from a podcast network to a scalable technology-driven platform.”


The company also benefited from the first full year of its Adelicious acquisition, which strengthened its position in the UK market while delivering cost synergies and higher monetization. Audioboom says podcasts acquired through Adelicious saw an immediate 50% increase in revenue during the first three months after being connected to Audioboom’s monetization platform. The acquisition also allowed the company to streamline operations, reducing headcount to 44 employees after a restructuring while maintaining significantly higher revenue.


“It is a strong proof-of-concept for our acquisition-led growth plans,” Last says.


Video also played a larger role in Audioboom’s business during the first half. Average monthly downloads and video views reached 183 million during the second quarter, up 84% from a year earlier. The company announced new partnerships with Spotify and Apple that will add video distribution, advertising and subscription capabilities to its platform, with the technology integrations expected to go live during the second half.


Second Half Outlook


Audioboom enters the second half with more than $81 million in booked revenue for 2026, already exceeding its total revenue for all of 2025, while its busiest selling season still lies ahead. Management also expects political advertising tied to the U.S. midterm elections to provide an additional boost, noting that its portfolio of political and news podcasts — including Crooked Media, The Bulwark and Associated Press programming — offer advertisers more than 500 million monthly impressions.


“The momentum we have built during the first half of 2026 provides us with confidence for the remainder of the year,” Last says. “Our investments in technology, strategic acquisitions and premium creator partnerships continue to strengthen our competitive position.”


After a six-month period, Audioboom ended a strategic review in June without moving forward with a potential sale. The company now says acquisitions are no longer opportunistic — they are part of its core growth strategy going forward seeing Audioboom’s technology platform as an advantage in rolling podcast companies together.


The company says it has reached an agreement in principle for a new revolving credit facility of up to $10 million to help fund future acquisitions. Management also says its long-term goal remains to surpass $200 million in annual revenue and generate more than $40 million in adjusted EBITDA by 2030 through a combination of organic growth and four to five additional acquisitions.


“With the strategic review now concluded, management is fully focused on continuing the acquisition-led growth strategy,” says Last.

 
 
 

Comments


bottom of page