Audioboom Group PLC (LSE: BOOM) is still listed on the London Stock Exchange and publicly traded as a small-cap stock. As of this post, Boom Share Price is at 340.00 GBX.
However, the stock’s current performance may vary from time to time, and it’s always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
Audioboom Group PLC is a podcasting company founded in 2009 and headquartered in London, UK. The company provides a platform for hosting, distributing, and monetising podcasts. Audioboom’s platform includes tools for content creators, advertisers, and listeners, including dynamic advertising, analytics, and a mobile app.
Audioboom’s platform hosts a wide range of content, including podcasts from well-known media brands and individual creators. In addition, the company has partnerships with media companies such as NBC Sports, Cumulus Media, and the BBC.
Audioboom Group PLC went public in 2014 and is traded on the London Stock Exchange. The company has expanded its operations through acquisitions, including purchasing content studio Cornucopia in 2018 and acquiring the podcasting platform AdLarge Media in 2021.
As of September 2021, Audioboom Group PLC had a market capitalisation of around £30 million and employed around 75 people. However, it’s worth noting that this information may have changed since then.
Some possible advantages of investing in Audioboom Share Price could include:
- Potential growth opportunities: Boom Share Price is operating in a fast-growing industry, and the demand for podcasts is increasing rapidly. With its established platform and partnerships, Audioboom is well-positioned to benefit from this trend.
- Diversification: Investing in Boom Share Price can provide diversification benefits for a portfolio. Audioboom’s performance may differ from other traditional asset classes as a small-cap stock in a relatively new industry.
- Innovative and disruptive: Boom Share Price is disrupting the traditional media industry by providing an alternative platform for content creators and advertisers. In addition, its innovative business model could lead to long-term success and profitability.
- Spotify. The music streaming giant has been investing significantly in podcasting, including acquiring companies such as Gimlet Media and Anchor FM. As a result, Spotify has aggressively expanded its podcasting offerings and has become a significant competitor.
- Apple. Apple has long been a significant player in the podcasting industry as the company behind the iTunes platform. Although Apple has yet to make many recent moves to expand its podcasting offerings, it still holds a significant market share.
- Stitcher. Stitcher is a popular podcasting platform that provides hosting, distribution, and advertising services to podcasters. It was acquired by SiriusXM in 2020, which could give it additional resources to compete with Audioboom.
- iHeartMedia. iHeartMedia is a leading media company expanding into podcasting in recent years. It has acquired several podcasting companies, including Stuff Media and HowStuffWorks, and is investing heavily in original podcast content.
- SoundCloud. SoundCloud is a music and podcast hosting platform that has been expanding its podcasting offerings in recent years. It has a large user base and is focused on providing tools for independent podcast creators.
It’s worth noting that the podcasting industry is relatively new and rapidly evolving, and the competitive landscape could change quickly.
