Reform UK Treasurer Nick Candy takes podcast firm off sales block Media The podcast firm owned by the billionaire treasurer of the Reform Party has been taken off the sales block after first laying out plans for a deal last year. Audioboom, in which property tycoon Nick Candy is the majority shareholder, launched a strategic review in October, where it said the end result could lead to [...]
Why this UK stockpicker is now looking to the US Investing A top UK stockpicker is betting on small companies listed on the London Stock Exchange that make most their cash overseas amid fears the British economy will stagnate this year. “The winners will be US or global earnings with a London listing,” said Laurence Hulse, manager of the UK small company-focused Onward Opportunities trust. The [...]
Audioboom raises profit outlook again as podcast demand increases Business Audioboom upgraded its profit expectations for the second time this year, lifting its adjusted earnings projection to £2.2m from recently forecast £1.9m. The podcast giant said this reflects an uptick in revenue from the podcast platform’s tech-driven ad marketplace, Showcase, which recently recorded a 49 per cent year-on-year revenue increase last month. Chief executive Stuart [...]
Audioboom shares soar on record profit with US election to boost podcast demand October 15, 2024 Audioboom shares soared nearly 19 per cent on Tuesday as the podcast streamer posted record revenue and profit, and said it is set to “significantly outperform” expectations, especially with demand from the US election. The London-listed company booked record third quarter revenue of $18.8m (£14.4m), up from $14m (£10.7m) in the same period last year. It [...]
Audioboom: Podcast giant posts full-year loss as it looks to ad business for rescue April 15, 2024 Audioboom advertisers were up 47 per cent however, with 7,727 brands using the platform to promote products and services.