91% revenue growth at listed podcast firm Audioboom
UK podcast firm Audioboom has announced a 91% growth in 2019.
The listed firm reported $22.2m in revenue for the 12 months to 31 December 2019.
The firm, which floated in 2014, reports having exceeding market expectations for the first time in its history.
The London-headquartered firm both creates its own podcasts and supports existing shows through its network, including hits such as Casefile, Undisclosed, and No Such Thing as a Fish.
Stuart Last, CEO of Audioboom, called 2019 an “incredible year” for the business.
“Once again we outpaced the industry and enhanced our position as a global leader in podcasting.
“As we look ahead, Audioboom will seek to increase its share of advertising spend in the core US market, as well as the UK, by focusing on our acquisition of premium content.
“We will also invest in the growth of our Audioboom Originals Network; expanding our studio and production facilities, increasing our podcast IP, hiring top production talent, and launching more than ten new shows in 2020.
“I want to thank our talented team at Audioboom for embracing our strategy and working hard to reach our goals. Together, we are excited to continue our growth across 2020, bringing even more value to our podcast partners and our shareholders.”