Audioboom (GB:BOOM) has released an update.
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Audioboom Group PLC has reported a remarkable 35% revenue growth in August 2024, achieving a record $6.0 million in revenue and an adjusted EBITDA profit of $0.3 million, the highest since November 2022. The substantial growth is attributed to the company’s advertising marketplace, Showcase, which saw a 143% increase in revenue over the same month in 2023. With global downloads reaching 103 million, CEO Stuart Last expresses optimism for the future, especially entering the fourth quarter with events like the NFL, the English Premier League, and the US election season.
For further insights into GB:BOOM stock, check out TipRanks’ Stock Analysis page.
