---
title: "Audioboom (AIM: BOOM) aims for unprecedented revenue in 2024, following a resurgence in growth."
publisher: "Share Talk"
author: "sharetalk"
published: "2024-01-15T07:58:44+00:00"
modified: "2024-01-15T08:03:32+00:00"
date: 2024-01-15
canonical: "https://www.share-talk.com/audioboom-aim-boom-aims-for-unprecedented-revenue-in-2024-following-a-resurgence-in-growth/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["advertising", "Amazon Music", "Apple Podcasts", "Audioboom", "BOOM", "Brad Clarke", "Brendan Regan", "Danni Howard", "dashboard", "Deezer", "downloads", "EBITDA", "Facebook", "Google Podcasts", "Helen Anderson", "iHeartRadio", "Joey Camasta", "listeners", "New Zealand", "Pandora", "podcast", "Podcasting", "publisher", "RadioPublic", "Saavn", "Share Talk", "SHOWCASE", "Spotify", "Stitcher", "Stuart Last", "Twitter", "USA"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/head-phones-3-nov-23-750x406-1.jpg?fit=750%2C406&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Audioboom (AIM: BOOM) aims for unprecedented revenue in 2024, following a resurgence in growth.

**Published:** January 15, 2024
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** advertising, Amazon Music, Apple Podcasts, Audioboom, BOOM, Brad Clarke, Brendan Regan, Danni Howard, dashboard, Deezer, downloads, EBITDA, Facebook, Google Podcasts, Helen Anderson, iHeartRadio, Joey Camasta, listeners, New Zealand, Pandora, podcast, Podcasting, publisher, RadioPublic, Saavn, Share Talk, SHOWCASE, Spotify, Stitcher, Stuart Last, Twitter, USA
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/head-phones-3-nov-23-750x406-1.jpg?fit=750%2C406&quality=89&ssl=1)

---

**Audioboom Group PLC (AIM: BOOM)** is on track to achieve its highest-ever revenue in 2024, following a robust performance at the end of 2023.

CEO Stuart Last shared his enthusiasm about the company’s progress, stating, “The final quarter of 2023 marked a significant turnaround, as we shifted back into growth. Our Q4 revenue exceeded US$19 million, the most since Q2 2022, showcasing the strides we’ve made throughout the year.

“The advertising sector’s renewed optimism, evidenced by substantial budget commitments during the upfront booking season, has been a key driver. This has enabled us to secure over US$47 million in revenue for 2024 through early bookings.”

The leading global podcast company witnessed a resurgence in revenue growth in Q4, reaching US$19.2 million. This represents a 37% increase from the previous quarter and a 5% year-over-year growth.

The company also reported a return to profitability in the fourth quarter, with an adjusted EBITDA of approximately US$0.2 million, a significant improvement from a US$1.9 million loss in the prior quarter.

Audioboom’s cash generation in the quarter was robust at US$3.7 million, an increase of US$0.7 million since 30 September.

However, total revenue for 2023 was US$65.0 million, a decrease from US$74.9 million in the previous year.

Notably, the company achieved a record eCPM (average revenue per 1,000 downloads) of US$58.82 in the quarter, up 59% from the previous quarter and 6% year-over-year.

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**Original URL:** https://www.share-talk.com/audioboom-aim-boom-aims-for-unprecedented-revenue-in-2024-following-a-resurgence-in-growth/
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