"Audioboom delivered $20.4 million revenue and $1.2 million profit in the quarter, garnered a 45% jump in advertisers, and claims "the #1 spot in video advertising rankings.""
"The company puts special focus on the Audioboom Creator Network, which reportedly delivers over 35 million "downloads and views" each month. The company is predicting the "strongest quarter yet" for Q4."
""Audioboom's positive momentum has continued throughout Q3, with record revenue, profit, and audience growth achieved," said Stuart Last, CEO of Audioboom. "We are reshaping the industry by leading in video podcasting and creating new value for both creators and advertisers around the globe.""
Audioboom reported $20.4 million revenue and $1.2 million profit in Q3, with a 45% increase in advertisers and claims the #1 spot in video advertising rankings. The company highlights the Audioboom Creator Network, delivering over 35 million downloads and views monthly and serving over 8,000 podcasters globally. Audioboom completed the acquisition of Adelicious, creating the UK's second-largest podcast network. The company has paid out $325 million cumulatively to creators and expects Q4 to be the strongest quarter yet. Management credits growth to video podcasting leadership and increasing value for creators and advertisers.
Read at RAIN News
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