Sweden · Delayed Price · Currency is SEK Acast AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 20% net sales growth and the first-ever profitable Q1, driven by strong North American performance and expanded video partnerships. Gross margin was 37%, ARPL reached a record SEK 0.58, and the cash position remained robust at SEK 602 million.
Fiscal Year 2025
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Revenue grew 27% in Q4 and 29% for the year, with North America leading at 50% Q4 growth. Achieved first full-year positive operating profit and cash flow, expanded in Germany and France, and maintained strong margins and cash position.
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Q3 2025 saw 35% revenue growth (41% organic), led by North America and Europe, with EBITDA margin rising to 6%. New financial targets set for >15% organic sales CAGR and 10% EBIT margin by 2028, supported by operational leverage and expanded programmatic partnerships.
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Q2 2025 saw 32% organic growth, with the U.S. becoming the largest market and gross margin reaching 40%. Adjusted EBITDA margin improved to 3% despite one-off costs, and the company expects positive operating cash flow for 2025.
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Q1 2025 saw 30% net sales growth and a 31% rise in ARPL, led by North America's 65% sales surge. Gross margin was 37%, with profitability and cash flow improving. New partnerships and acquisitions, like The Athletic and Wonder Media, are set to drive further growth.
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Set new targets of 15% organic net sales CAGR (2025–2028), 3%-5% EBITDA margin in 2025, and positive cash flow, building on 2024 profitability. Strategic focus includes U.S. expansion, omnichannel growth, and tech innovation, supported by a strong balance sheet and scalable automated platforms.
Fiscal Year 2024
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Q4 net sales grew 17% (15% organic), with North America up 33% and gross margin at 40%. Full-year EBITDA was 24 million SEK, meeting profitability targets. Omnichannel campaigns and new creator partnerships offset listen declines, and the Wonder Media Network acquisition expands creative capabilities.
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Q3 2024 delivered 12% revenue growth and a record 40% gross margin, led by strong North American performance and innovation in ad tech. EBITDA margin improved to 3%, with continued cost discipline and a solid cash position.
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Q2 2024 delivered 24% sales growth and a 9-point EBITDA margin improvement, with North America and Europe leading gains. Gross margin rose to 39%, and ARPL increased 45% despite a 15% decline in listens. The company remains on track for positive EBITDA in 2024.