Audioboom (GB:BOOM) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
