Audioboom experiences 'strong sales momentum' in H1

Podcast company Audioboom said on Tuesday that it has continued to experience "strong sales momentum", with signed advertising bookings after less than six months of this year now representing more than 99% of recently upwardly revised market expectations for full-year revenues.

Audioboom now expects to generate revenues "significantly in excess" of current market expectations for the year, as well as an increase to adjusted underlying earnings.

The AIM-listed group stated its improved performance was driven by a continued expansion of its ad tech capabilities and associated revenue streams, high demand for premium advertising inventory, the success of its Audioboom Originals Network and continued audience growth through new content partnerships and AON launches.

Audioboom also noted that it will announce interim results for the six months ending 30 June on 20 July.

As of 0905 BST, Audioboom shares were up 1.13% at 892.0p.