An inflatable speaker includes a collapsible inflatable housing and a loudspeaker, the collapsible housing includes a circumferential side wall, a first end wall, a second end wall, and a valve for inflating the collapsible inflatable housing, wherein the first end wall includes a first inner layer, a first outer layer, and a speaker support plate between them provided with an audio transmission inner sound hole, the first outer layer is provided with an outer sound hole. The loudspeaker is positioned between the first inner layer and speaker support plate, a waterproof ventilated acoustic membrane is placed to cover the loudspeaker frame, a first waterproof adhesive permanently binds the waterproof ventilated acoustic membrane and speaker support plate together, and a second waterproof adhesive permanently binds the edge portion of the outer sound hole and speaker support plate together, thus, giving the inflatable speaker a higher level of protection.