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Audioboom quits strategic review after rejecting bids, lifts H1 outlook

Podcast publisher Audioboom ended its strategic review and terminated takeover talks on Monday after rejecting a series of indicative offers it said undervalued the business, as it also flagged record first‑half results.

  • Audioboom Group
  • 08 June 2026 08:41:06
Audioboom

Source: Sharecast

Audioboom launched the review in October 2025 as part of an effort to explore options including a potential sale. Audioboom said three interested parties had submitted non‑binding cash proposals since February, but stated its board had concluded the offers did not reflect the company's accelerating performance, despite all being pitched at a premium to the 540p closing price before the offer period began.

As a result, the AIM-listed firm said discussions with all bidders have now been terminated, and the strategic review has formally concluded.

Alongside the update, the AIM-listed group said strong momentum reported in its first quarter trading statement had continued into the second quarter and now expects to deliver record first‑half results, with revenue of at least $45m and adjusted underlying earnings of no less than $3m for the six months ending 30 June - up from $35.1m and $1.8m, respectively.

As of 0840 BST, Audioboom shares had sunk 12.7% to 488.88p.

Reporting by Iain Gilbert at Sharecast.com

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