Audioboom Group plc Reports Revenue Results for the Quarter Ended August 31, 2018; Provides Earnings Guidance for the Thirteen Months Ending 31 December 2018
The Company expects to deliver revenue in the thirteen months ending 31 December 2018 of between USD 11.5 million and USD 13 million (12 months ended 30 November 2017: USD 6.06 million), representing strong year-on-year growth, as it continues to position itself as a leading podcast platform in the US and Europe. The adjusted EBITDA loss before exceptional items (being costs of the Triton transaction and corporate restructuring) for the thirteen months ending 31 December 2018 is expected to be between USD 4.5 million and USD 5.5 million (12 months ended 30 November 2017: EBITDA loss before exceptional items of USD 5.7 million).