tiprankstipranks
Audioboom Reports Growth Amidst Market Challenges
Company Announcements

Audioboom Reports Growth Amidst Market Challenges

Audioboom (GB:BOOM) has released an update.

Don't Miss our Black Friday Offers:

Audioboom Group PLC reports a 7% revenue increase to $34.1 million in the first half of 2024, maintaining a consistent adjusted EBITDA profit of $0.3 million. Despite challenges from Apple’s iOS17 update impacting download figures and advertising inventory, the company has already secured over $65 million in revenue bookings for 2024, exceeding the previous year’s total. Audioboom’s Showcase ad-tech marketplace shows strong growth, contributing over 27% to total revenue, and the company is exploring a potential US public listing to enhance shareholder value.

For further insights into GB:BOOM stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskAudioboom Exceeds Profit Expectations with Strong Growth
TipRanks UK Auto-Generated NewsdeskAudioboom Chairman Boosts Stake Amid Growth Prospects
TipRanks UK Auto-Generated NewsdeskAudioboom Chairman Increases Stake Amid Global Podcast Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App