Audioboom's Q3 update reveals record revenue of $18.8 million, a 34% growth, alongside a notable adjusted EBITDA profit of $1 million, showcasing significant business expansion.
The company reported a 99% year-over-year increase in its global advertising marketplace, Showcase, with quarterly performance reaching $7 million, showcasing a strong advertising model.
CEO Stuart Last noted that the final quarter brings excitement due to strong advertising demand from sports and holidays, further fueled by the US election's impact on audiences.
Audioboom maintains its fifth position among US podcast publishers, narrowing the gap to fourth place by over 3.5 million weekly downloads, indicating robust growth in listenership.
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