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The Markets
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Proactive UK has moved.
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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Media

Audioboom shares amp up following guidance upgrade

Shares in podcast platform Audioboom Group PLC (AIM:BOOM) jumped around 5% on Friday after the group hiked its full-year guidance for the second time in two months.

Audioboom now anticipates adjusted pre-tax earnings of US$2.80 million (£2.20 million), up from October's $2.50 million forecast, which itself had been raised from an earlier estimate of $1.30 million.

“With confidence in advertising demand for the remainder of our strongest quarter of the year, I am very pleased to see a second upgrade to [...] expectations this year,” chief executive Stuart Last commented.

At the time of writing, Audioboom shears were swapping for 225p.

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