Audioboom Group PLC (LON:BOOM) shares dipped on Monday despite posting a 91% increase in revenue for the year to 31 December.
This was a marked slowdown on 171% rise in revenues the AIM-listed podcast producer reported in the first half of the year.
READ: Audioboom trumpets key podcast renewals as revenues surge
Full-year underlying losses shrank 36% to US$3mln compared to the 13 months to December 2018, while cash in the bank was 10% higher at US$2mln.
The company specialises in podcasts and management said the current financial year will see more investment to expand studio and production facilities with ten new shows in the pipeline.
“Audioboom will seek to increase its share of advertising spend in the core US market, as well as the UK, by focusing on our acquisition of premium content,” said chief executive Stuart Last.
Shares fell 4% to 232.20p on Monday morning.