London-listed podcast company Audioboom has raised its annual earnings outlook after reporting record third-quarter revenue, supported by increased audience distribution, new content partnerships, and stronger operating profitability.
Revenue reached $23.8m during the three months ended 30 September 2026, an increase of 17% from $20.3m in the corresponding quarter last year.
Gross profit increased 30% to $5.6m, while adjusted earnings before interest, tax, depreciation, and amortisation rose 89% to $2.2m.
Following the results, the company expects full-year adjusted EBITDA of at least $7.7m, ahead of previous market expectations.
The performance reflects continued growth across Audioboom’s podcast network, which connects content creators with digital distribution platforms and advertisers.
Average monthly distribution reached 190 million downloads and video views during the quarter, compared with approximately 130 million a year earlier, representing an increase of 47%.
The company attributed the expansion partly to the growing importance of video podcasts, alongside new partnerships added to its creator network during 2026.
These developments broaden the company’s access to audiences beyond conventional audio distribution, with video becoming an increasingly established part of the podcast market.
During the quarter, Audioboom added content partnerships including the Pionaire Network and Brand Safe. It also renewed contracts with existing programmes including The Broski Report and Let’s Not Meet.
Securing and retaining successful podcasts is an important part of the company’s operating model, allowing it to offer advertisers access to established audiences while supporting creators with distribution and commercial services.
The business also strengthened its cash position during the period.
Cash at the end of September stood at $6.7m, compared with $5.4m at the end of June and $2.9m a year earlier.
Additional available facilities include a $3.4m overdraft and a $10m revolving credit facility, providing capacity to support the company’s acquisition-led growth strategy.
Audioboom has identified acquisitions as a potential means of expanding its network and strengthening commercial capabilities, although future transactions will depend on identifying suitable businesses and agreeing terms.
Digital audio develops a wider commercial model
The results illustrate how podcast companies are adapting to an advertising market increasingly divided across audio, video, social platforms, and other digital channels.
Podcasting initially developed around audio distribution, with advertising frequently sold through sponsorships or messages integrated into individual programmes.
As audiences and digital advertising technology have developed, commercial opportunities have expanded to include more targeted advertising, automated inventory sales, and video-based campaigns.
This creates opportunities for podcast networks that can combine large audiences with detailed knowledge of individual programmes and their listeners.
The financial relationship between audience growth and advertising revenue nevertheless remains complex.
Downloads and video views are distribution measures rather than direct indicators of advertising income. Revenue depends on audience characteristics, campaign demand, advertising pricing, and the proportion of available inventory successfully sold.
Audioboom’s latest figures show combined distribution growing more rapidly than revenue, while gross profit and adjusted EBITDA increased faster than either measure.
That combination indicates improving profitability during the quarter, although it does not establish that every additional audience interaction generates equivalent commercial value.
Competition for established podcast creators also remains an important consideration. Successful programmes can attract interest from competing networks, streaming services, and media companies, potentially affecting the costs of acquiring and retaining content.
At the same time, advertisers are distributing campaign spending across a growing number of channels, placing greater emphasis on measurable performance and the commercial quality of audiences.
Audioboom’s record results show that its expanding distribution network is supporting revenue and profitability. Maintaining that performance will depend on continued advertising demand, competitive content partnerships, and effective management of operating costs.
The company enters the final quarter with a higher earnings forecast and greater financial flexibility as it pursues further development of its podcast business.
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