AUDIOBOOM (BOOM) – Media
| Price: 605p -0.8% | P/E: 44x |
| Market Cap: £110m | Yield: n/a |
After an ‘excellent’ performance in November, AIM-listed podcast provider Audioboom (BOOM) has released a flash trading update ahead of its scheduled update in January.
The firm generated record revenue of $9.1 million and record EBITDBA for the month thanks to a record 152 million downloads and video views, a 66% increase on the same month last year.
Our View
The acquisition of Adelicious in July has had an immediate impact, boosting output, distribution and advertising inventory and cementing Audioboom as number one in the video chart, strengthening its ability to monetise content.
However, after a gain of more than 50% year-to-date, the shares are due a breather and investors appear to have decided not to chase the stock higher.
Read the press release here: https://audioboomplc.com/regulatory-news/
Disclaimer: This content is for information only and is not investment advice. Always do your own research before investing. Click here to see full disclaimer.
