Audioboom Group PLC (AIM:BOOM), the podcast company, has reported 25% annual revenue growth for 2022 as it posted record adjusted earnings (EBITDA) and the highest-ever cash position.
The company's fourth-quarter sales total of US$18.4mln pointed the direction in the new year after a challenging 12 months, said chairman Michael Tobin.
He told investors he was "confident that the business is not just showing good resilience, but is moving forward, fully primed for further growth as the advertising market improves across 2023".
Despite the uncertainty in the advertising market, Audioboom has made positive progress, having secured more than US$44mln in advance advertising bookings for this year.