Audioboom books first profit as podcast downloads grow
Audioboom s original podcasts include Dark Air with Terry Carnation, starring Rainn Wilson from the US version of The Office. (Getty Images)
Podcast platform Audioboom has booked its first ever profit for the first quarter after cashing in on continued growth in on-demand audio.
The Aim-listed firm posted adjusted earnings before interest, tax, depreciation and amortisation of $30,000 (£22,000) in the first three months of the year, up from a $500,000 loss the previous year.
The maiden profit came as revenue grew 49 per cent to a record $9.5m.
Audioboom, which hosts and distributes podcasts including No Such Thing As A Fish and Sue Perkins: An Hour Or So With, has benefited from strong demand for the format.
Sound Energy PLC boosted after successfully restructuring its debt
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Kazera Global PLC climbs as €9 1m funding package comes closer to fruition
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.