Audioboom Group plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended May 31, 2018
July 19, 2018 at 02:00 am EDT
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Audioboom Group plc announced unaudited consolidated earnings results for the six months ended May 31, 2018. For the period, the company reported revenue of GBP 2,641,000 against GBP 1,843,000 a year ago. Operating loss was GBP 3,791,000 against GBP 2,934,000 a year ago. Loss before tax was GBP 3,834,000 against GBP 2,933,000 a year ago. Loss for the financial period was GBP 3,741,000 or 0.40 pence per basic and diluted share against GBP 2,911,000 or 0.39 pence per basic and diluted share a year ago. Net cash used in operating activities was GBP 1,789,000 against GBP 2,627,000 a year ago. Purchase of property, plant and equipment was GBP 54,000 against GBP 71,000 a year ago. Adjusted operating loss was GBP 2,206,000 against GBP 2,634,000 a year ago.
Audioboom Group plc is a Jersey-based podcast publisher. The Companyâs advertising and monetization platform underpins a scalable content business that provides commercial services for a network of 250 top tier podcasts, with key partners, including Casefile True Crime (US), True Crime Obsessed (US), The Tim Dillon Show (US), No Such Thing As A Fish (UK) and The Cycling Podcast (UK). Audioboom Studios is home to a slate of content developed and produced by the Company, including Dark Air with Terry Carnation, F1: Beyond The Grid, RELAX!, Covert, Itâs Happening with Snooki & Joey, Mafia, Huddled Masses and What Makes A Killer. The Company operates internationally, with global partnerships across North America, Europe, Asia and Australia. The platform allows content to be distributed via Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, and Facebook, as well as a partnerâs own websites and mobile apps.
AUDIOBOOM GROUP PLC 
