Podcasting platform Audioboom Group has enjoyed a record third quarter as the impact of acquisitions and higher engagement helped boost revenue and profits, but revenue growth is falling
The company posted Q3 adjusted EBITDA of $1.2 million, up 18% from $1.0 million in the prior-year quarter. Revenue climbed 9% to $20.4 million from $18.8 million.
However, the third-quarter EBITDA growth was slower than the year-to-date pace, and revenue growth wasn’t anything to write home about.
Adjusted EBITDA profit for the nine months ended September 30 surged 127% to $3.0 million, compared with $1.3 million in the same period last year.
Worryingly for investors, revenue growth is slowing. Revenue so far this year is $55.5 million, up just 5%. Revenue grew 13% in the 2024 full-year period.
“Audioboom’s positive performance has continued through the third quarter of the year and alongside record Q3 revenue, gross profit, and adjusted EBITDA, the third quarter of 2025 marked a turning point in the Company’s story with the successful acquisition and integration of Adelicious, highlighting the long-term value our platform business can deliver through accelerated expansion,” said Stuart Last, CEO of Audioboom.
The July acquisition of Adelicious Limited significantly boosted operational metrics. Average monthly distribution soared 40% to 135 million downloads and video views from 96 million in Q3 2024. The deal created the UK’s second-largest podcast network and was fully integrated by September 1—two weeks ahead of schedule.
However, the Adelicious acquisition temporarily pressured margins. Q3 revenue per thousand downloads fell to $51.92 from $66.06 due to lower-yield UK inventory, though management views this as an opportunity for medium-term value creation in the British market.
Audioboom Group shares were down 6% at the time of writing.