"Q1 revenue of US$22.5 million, up 30% on Q1 2025 (US$17.3 million), reflects strong growth driven by the performance of the Showcase advertising marketplace."
"The Showcase platform experienced a 63% year-on-year revenue increase, attributed to inventory growth and heightened demand for tech-based advertising solutions."
"Gross profit for Q1 was US$4.8 million, representing a 41% increase from Q1 2025, with a gross margin improvement to 21.3%."
"Average monthly distribution reached 170 million downloads and video views, a 79% increase from the previous year, following strategic acquisitions and partnerships."
Audioboom reported Q1 2026 revenue of $22.5 million, a 30% increase from $17.3 million in Q1 2025. The Showcase advertising marketplace saw a 63% revenue increase year-on-year. Gross profit rose to $4.8 million, with a gross margin of 21.3%. Adjusted EBITDA profit reached $1.4 million, up 118% from the previous year. Monthly operational costs remained stable at $1.1 million. Average monthly downloads and views increased by 79% to 170 million. Group cash at the end of March 2026 was $5.5 million, with an additional $3.4 million available via overdraft.
Read at RAIN News
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