13 September 2021 - trading update

The global podcast company has announced in a trading update that it expects revenues and profits for the year to 31 December to be well ahead of expectations.  There was a particularly strong performance in August which saw record monthly revenues of US$7.0m with record monthly adjusted EBITDA of US$0.5m., The total number of podcast downloads during the month reached 98.9m, another record.  The potential takeover offer from AAA Capital has now been withdrawn although this was not unexpected given the nature of the bid as outlined here before.  The . . .

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