Global podcast company Audioboom has posted a huge leap in profits after rejecting several takeover offers.
For the six months ended 30th June 2026, adjusted EBITDA profit was $3.2 million, up 80% on H1 2025.
Reported revenue of $45.7m was up 30% on the prior year. Audioboom pointed to strong growth of Showcase, its tech-based global advertising marketplace, which saw H1 revenue of $18.6m, up 60%.
In Q2 Audioboom saw an average monthly distribution of 183m downloads and video views, up 84% on Q2 2025.
The firm is headquartered in London with offices in New York, where CEO Stuart Last is based.
Last month it said it had rejected three offers for the company from separate parties and terminated all takeover talks. In October 2025 it had appointed J Goodwin & Co and Rockefeller Capital as joint financial advisers to carry out a strategic review.
They considered sourcing new investment to fund further acquisitions; undertaking a substantial acquisition or reverse takeover; a sale of either the company’s US or UK businesses; or a complete takeover.
It engaged with several interested parties including global media organisations, US and European peer companies and media-focused private equity investment institutions.
“The board concluded that the offers received did not adequately reflect the strength of Audioboom’s operating performance, growth trajectory or long-term value creation opportunity,” Last said this morning.
“In addition, a number of potential acquisition opportunities were reviewed which ultimately did not meet our M&A criteria to deliver shareholder value.
“With the strategic review now concluded, management is fully focused on continuing the acquisition-led growth strategy outlined last year, supported by the company’s strong balance sheet and imminent access to a revolving credit facility of up to $10m, proven integration capabilities and expanding platform economics.
“The momentum we have built during the first half of 2026 provides us with confidence for the remainder of the year, and with more than $81m of revenue booked for 2026 we are already ahead of last year’s total revenue and are fully focused on maximising growth through the second half of the year.”
He said the growth of Showcase “reinforces our transition from a podcast network to a scalable technology-driven platform”.
During H1 Audiboom launched partnerships with Spotify and Apple which will support the development of its video monetisation engine through expanded advertising and subscription opportunities. Technology integrations to support these partnerships are expected to be live in H2 2026.
It also confirmed the deferred consideration payable for the acquisition of Adelicious – relating to its 2025 revenue – of £900,000, which was 30% of the maximum £3m potentially payable.
Total consideration paid, net of escrow account retention, is £4.53m, against a maximum potential consideration of £10m.