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Audioboom Group PLC - Jersey-based podcast publisher - Confirms that Showcase revenue has risen as anticipated, surging 49% higher year-on-year in October. Showcase is the group’s global advertising technology-based marketplace. The group therefore now expects to report adjusted earnings before interest, tax, depreciation and amortisation profit of $2.8 million for 2024, ahead of a company-compiled market consensus of $2.5 million and ahead of the company’s own $1.0 million forecast in mid-October. This compares to an adjusted Ebitda loss of $396,000 in 2023. Current stock price: 226.25 pence, up 5.2% in London on Friday morning 12-month change: up 4.0% Copyright 2024 Alliance News Ltd. All Rights Reserved
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