Price Target Changed • May 06
Price target increased by 8.7% to kr35.33 Up from kr32.50, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of kr33.95. Stock is up 123% over the past year. The company is forecast to post earnings per share of kr0.84 next year compared to a net loss per share of kr0.62 last year. Reported Earnings • Apr 20
Full year 2025 earnings: Revenues in line with analyst expectations Full year 2025 results: Revenue: kr2.52b (up 30% from FY 2024). Net loss: kr112.4m (down 244% from profit in FY 2024). Revenue was in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
Acast AB (publ), Annual General Meeting, May 19, 2026 Acast AB (publ), Annual General Meeting, May 19, 2026, at 10:30 W. Europe Standard Time. Location: acasts head office, kungsgatan 28, stockholm Sweden Reported Earnings • Feb 12
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: kr0.62 loss per share (down from kr0.43 profit in FY 2024). Revenue: kr2.52b (up 30% from FY 2024). Net loss: kr112.4m (down 244% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 58% per year and the company’s share price has also increased by 58% per year. Price Target Changed • Feb 05
Price target increased by 9.8% to kr33.50 Up from kr30.50, the current price target is an average from 2 analysts. New target price is 21% above last closing price of kr27.70. Stock is up 52% over the past year. The company is forecast to post a net loss per share of kr0.72 compared to earnings per share of kr0.43 last year. Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: kr0.04 (vs kr0.15 loss in 3Q 2024) Third quarter 2025 results: EPS: kr0.04 (up from kr0.15 loss in 3Q 2024). Revenue: kr642.2m (up 35% from 3Q 2024). Net income: kr7.28m (up kr33.9m from 3Q 2024). Profit margin: 1.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Interactive Media and Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 13
Price target increased by 8.9% to kr24.50 Up from kr22.50, the current price target is an average from 2 analysts. New target price is 23% above last closing price of kr19.90. Stock is up 33% over the past year. The company is forecast to post a net loss per share of kr0.73 compared to earnings per share of kr0.43 last year. Reported Earnings • Jul 27
Second quarter 2025 earnings released: kr0.44 loss per share (vs kr0.15 loss in 2Q 2024) Second quarter 2025 results: kr0.44 loss per share (further deteriorated from kr0.15 loss in 2Q 2024). Revenue: kr606.7m (up 27% from 2Q 2024). Net loss: kr79.7m (loss widened 196% from 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jun 25
Acast AB (Publ) Announces Chief Executive Officer Changes Ross Adams has notified the Board that he wishes to resign from his position, following nearly eight successful years as Chief Executive Officer of Acast AB (publ) (Acast), to continue in a strategic advisory role. The Board has resolved to appoint Greg Glenday, currently Chief Business Officer, as new Chief Executive Officer to succeed Ross Adams. Greg Glenday will assume his new position immediately. Greg Glenday has been part of Acast's management since 2023, following over a decade in global C-level roles, including Chief Revenue Officer of Shazam and, more recently, CEO of Lightbox. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Director Marta Martinez was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 29
Acast Launches Smart Recommendations: AI-Powered Podcast Ad Planning Acast announced the launch of Smart Recommendations - an AI search engine that allows advertisers to find relevant podcast audiences in seconds, simply by describing who they want to reach. The aim is to optimize how podcast advertising is bought and sold, making campaign planning faster and more effective. Using AI models combined with a decade of Acast's own data and experience, Smart Recommendations works like an AI media planner - turning a simple prompt like "I want to reach women in Canada interested in investing" into a curated list of high-fit podcasts. Early testing of Smart Recommendations with Acast's internal sales teams and select customers has yielded promising results. Over 200 campaign briefs have utilized the tool in testing, leading to a significant reduction in planning time - by up to as much as 92%. Notably, 80% of ad buyers in testing discovered additional, previously unconsidered podcasts for their campaigns. Early indicators from shows with under 50,000 weekly listening show a significant uplift, including a 14% increase in median purchase rate. Announcement • May 20
Acast AB (publ) Elects Marta Martinez as Director Acast AB (publ) at its Annual General Meeting held on May 20, 2025, approved the Nomination Committee's proposal and elects Marta Martinez as new Director. Announcement • May 11
Acast AB (publ) Announces CEO Changes Acast AB (publ) announces that CEO Ross Adams will be on a temporary medical leave for health- related reasons for up to three months. Emily Villatte, Deputy CEO and CFO, has been appointed to serve as Acting CEO of Acast, effective 10 May 2025, during Ross' absence. Emily Villatte, Deputy CEO and CFO of Acast, has been part of Acast's management since 2019. Price Target Changed • May 07
Price target increased by 7.1% to kr22.50 Up from kr21.00, the current price target is an average from 2 analysts. New target price is 48% above last closing price of kr15.22. Stock is up 18% over the past year. The company is forecast to post earnings per share of kr0.09 for next year compared to kr0.43 last year. Major Estimate Revision • Apr 23
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr2.18b to kr2.10b. EPS estimate also fell from kr0.08 per share to kr0.07 per share. Net income forecast to shrink 84% next year vs 21% growth forecast for Interactive Media and Services industry in Sweden . Consensus price target of kr22.00 unchanged from last update. Share price fell 2.1% to kr12.78 over the past week. Reported Earnings • Apr 17
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: kr0.43 (up from kr0.99 loss in FY 2023). Revenue: kr1.94b (up 19% from FY 2023). Net income: kr78.2m (up kr257.9m from FY 2023). Profit margin: 4.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Interactive Media and Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr12.90, the stock trades at a forward P/E ratio of 161x. Average forward P/E is 24x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 32% over the past three years. Announcement • Feb 25
Acast AB (publ), Annual General Meeting, May 20, 2025 Acast AB (publ), Annual General Meeting, May 20, 2025. New Risk • Feb 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 21% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 21% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Reported Earnings • Feb 13
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr0.43 (up from kr0.99 loss in FY 2023). Revenue: kr1.94b (up 19% from FY 2023). Net income: kr78.2m (up kr257.9m from FY 2023). Profit margin: 4.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Interactive Media and Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 12
Acast AB (publ) to Report Fiscal Year 2024 Final Results on Apr 16, 2025 Acast AB (publ) announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on Apr 16, 2025 Announcement • Dec 06
Acast AB (publ) (OM:ACAST) agreed to acquire Wonder Media Network for $7.80 million. Acast AB (publ) (OM:ACAST) agreed to acquire Wonder Media Network for $7.80 million on December 6, 2024. A cash consideration of $5.5 million will be paid by Acast AB (publ). The consideration consists of 1.77 million common equity of Acast AB (publ) to be issued for common equity of Wonder Media Network. The expected completion of the transaction is January 2, 2025. Reported Earnings • Nov 07
Third quarter 2024 earnings released: kr0.15 loss per share (vs kr0.13 profit in 3Q 2023) Third quarter 2024 results: kr0.15 loss per share (down from kr0.13 profit in 3Q 2023). Revenue: kr475.4m (up 12% from 3Q 2023). Net loss: kr26.6m (down 210% from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Interactive Media and Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Oct 22
Acast AB (Publ) Appoints Nomination Committee for the Annual General Meeting 2025 Acast AB (publ) announced according to a decision at the 2024 Annual General Meeting of Acast AB (publ), the Chair of the Board has convened a Nomination Committee for the 2025 Annual General Meeting, appointed by the largest owners in the company. The Nomination Committee consists of: Sofia Hasselberg (chair), appointed by Bonnier Capital AB; Cecilia Tunberger, appointed by Alfvén & Didrikson AB; Anders Lindeberg, appointed by Moor & Moor AB; Daniel Kristiansson, Alecta, appointed by the three largest owners' representatives in the nomination committee. Breakeven Date Change • Aug 14
Forecast to breakeven in 2024 The analyst covering Acast expects the company to break even for the first time. New forecast suggests the company will make a profit of kr16.3m in 2024. Earnings growth of 160% is required to achieve expected profit on schedule. Reported Earnings • Jul 28
Second quarter 2024 earnings released: kr0.15 loss per share (vs kr0.079 loss in 2Q 2023) Second quarter 2024 results: kr0.15 loss per share (further deteriorated from kr0.079 loss in 2Q 2023). Revenue: kr477.9m (up 24% from 2Q 2023). Net loss: kr26.9m (loss widened 89% from 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Interactive Media and Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 13
Consensus estimates of losses per share improve by 80% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from kr1.85b to kr1.96b. EPS estimate increased from -kr0.41 per share to -kr0.08 per share. Interactive Media and Services industry in Sweden expected to see average net income growth of 107% next year. Consensus price target up from kr14.00 to kr15.50. Share price was steady at kr14.10 over the past week. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: kr0.029 (vs kr0.40 loss in 1Q 2023) First quarter 2024 results: EPS: kr0.029 (up from kr0.40 loss in 1Q 2023). Revenue: kr412.9m (up 25% from 1Q 2023). Net income: kr5.20m (up kr77.2m from 1Q 2023). Profit margin: 1.3% (up from net loss in 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Interactive Media and Services industry in Sweden. Reported Earnings • Apr 19
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: kr0.99 loss per share (improved from kr1.59 loss in FY 2022). Revenue: kr1.64b (up 18% from FY 2022). Net loss: kr179.7m (loss narrowed 37% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 65%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Interactive Media and Services industry in Sweden. Price Target Changed • Feb 14
Price target increased by 30% to kr12.50 Up from kr9.60, the current price target is an average from 2 analysts. New target price is 28% above last closing price of kr9.76. Stock is up 40% over the past year. The company is forecast to post a net loss per share of kr0.75 next year compared to a net loss per share of kr0.99 last year. Reported Earnings • Feb 13
Full year 2023 earnings released: kr0.99 loss per share (vs kr1.59 loss in FY 2022) Full year 2023 results: kr0.99 loss per share (improved from kr1.59 loss in FY 2022). Revenue: kr1.64b (up 18% from FY 2022). Net loss: kr179.7m (loss narrowed 37% from FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Interactive Media and Services industry in Sweden. Price Target Changed • Jan 17
Price target increased by 8.1% to kr10.05 Up from kr9.30, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr9.70. Stock is up 33% over the past year. The company is forecast to post a net loss per share of kr0.60 next year compared to a net loss per share of kr1.59 last year. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: kr0.13 (vs kr0.38 loss in 3Q 2022) Third quarter 2023 results: EPS: kr0.13 (up from kr0.38 loss in 3Q 2022). Revenue: kr424.5m (up 32% from 3Q 2022). Net income: kr24.1m (up kr92.6m from 3Q 2022). Profit margin: 5.7% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Announcement • Oct 21
Acast AB (Publ) Announces Nomination Committee for the Annual General Meeting 2024 Acast AB (publ) has convened a Nomination Committee for the 2024; Annual General Meeting, appointed by the largest owners in the company. The Nomination Committee consists of: Sofia Hasselberg (chair), appointed by Bonnier Capital AB; Cecilia Tunberger, appointed by Alfvén & Didrikson AB; Anders Lindeberg, appointed by Moor & Moor AB; Martin Nilsson, Första AP-fonden, appointed by the three largest owners' representatives in the nomination committee. Reported Earnings • Aug 04
Second quarter 2023 earnings released: kr0.079 loss per share (vs kr0.40 loss in 2Q 2022) Second quarter 2023 results: kr0.079 loss per share (improved from kr0.40 loss in 2Q 2022). Revenue: kr386.3m (up 22% from 2Q 2022). Net loss: kr14.2m (loss narrowed 80% from 2Q 2022). Announcement • Jun 09
Acast and Podchaser Announces the Launch of an AI-Powered Capability Acast and Podchaser announced the launch of an AI-powered capability that allows advertisers to expand their reach in podcasting and refine their targeting further than ever before. Collections+ has been developed and tested with the Acast Marketplace and has enabled Acast to monetize 5% more shows in the first seven weeks of testing. Collections+ is now being made available to any ad platform or marketplace in the industry looking to enhance its own targeting, via Podchaser. With Collections+, data on podcasts and their audiences is pulled from the widest range of sources across podcasting - including the hosting platform's own data, Podchaser's first-party data, Apple Podcasts and Spotify category and chart data, IAB categories, surveys and transcriptions. The data is then synthesized using AI models, sorting podcasts into verticals based on all data points about that show available. This creates the highest-quality collections for advertisers to target against in the industry, replacing the traditional method, where podcasts are categorized manually into groups which advertisers then choose to buy against for their campaigns. This makes podcasts more discoverable to advertisers and attracting even more relevant advertising to engaged audiences than before. Data shows that 44% of US podcast advertising investment lands with the top 500 shows. But these shows only account for 12% of monthly reach, which means advertisers are missing the opportunity to target nearly 88% of the addressable podcast audience. Collections+ benefits all parties in podcasting: for advertisers it brings more scale, better campaign diversity and increased effectiveness. For podcasters, it means greater discoverability amongst advertisers, increased chance of revenue and more shows monetized. Reported Earnings • Apr 20
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: kr1.39b (up 36% from FY 2021). Net loss: kr286.4m (loss narrowed 4.7% from FY 2021). Revenue exceeded analyst estimates by 3.5%. Reported Earnings • Feb 16
Full year 2022 earnings released: kr1.59 loss per share (vs kr1.91 loss in FY 2021) Full year 2022 results: kr1.59 loss per share (improved from kr1.91 loss in FY 2021). Revenue: kr1.39b (up 36% from FY 2021). Net loss: kr286.4m (loss narrowed 4.7% from FY 2021). Price Target Changed • Dec 15
Price target decreased to kr11.40 Down from kr16.75, the current price target is an average from 2 analysts. New target price is 67% above last closing price of kr6.85. Stock is down 69% over the past year. The company is forecast to post a net loss per share of kr1.54 next year compared to a net loss per share of kr1.91 last year. Price Target Changed • Aug 16
Price target decreased to kr18.20 Down from kr22.50, the current price target is provided by 1 analyst. New target price is 32% above last closing price of kr13.82. Stock is down 53% over the past year. The company is forecast to post a net loss per share of kr1.46 next year compared to a net loss per share of kr1.91 last year. Price Target Changed • Aug 03
Price target decreased to kr21.20 Down from kr23.45, the current price target is provided by 1 analyst. New target price is 57% above last closing price of kr13.50. Stock is down 60% over the past year. The company is forecast to post a net loss per share of kr1.34 next year compared to a net loss per share of kr1.91 last year. Reported Earnings • Aug 03
Second quarter 2022 earnings released: kr0.40 loss per share (vs kr1.28 loss in 2Q 2021) Second quarter 2022 results: kr0.40 loss per share (up from kr1.28 loss in 2Q 2021). Revenue: kr315.8m (up 39% from 2Q 2021). Net loss: kr70.6m (loss narrowed 61% from 2Q 2021). Over the next year, revenue is forecast to grow 58%, compared to a 27% growth forecast for the industry in Sweden. Major Estimate Revision • Jun 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -kr1.21 to -kr1.34 per share. Revenue forecast unchanged at kr1.56b. Interactive Media and Services industry in Sweden expected to see average net income growth of 41% next year. Consensus price target down from kr45.03 to kr32.00. Share price was steady at kr14.28 over the past week. Reported Earnings • May 19
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: kr0.41 loss per share (down from kr0.37 loss in 1Q 2021). Revenue: kr298.3m (up 51% from 1Q 2021). Net loss: kr73.2m (loss widened 49% from 1Q 2021). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 55%, compared to a 33% growth forecast for the industry in Sweden. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bjorn Jeffery was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 08
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: kr1.91 loss per share (down from kr1.36 loss in FY 2020). Revenue: kr1.03b (up 73% from FY 2020). Net loss: kr300.4m (loss widened 74% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 60%, compared to a 35% growth forecast for the industry in Sweden. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: kr1.91 loss per share (down from kr1.36 loss in FY 2020). Revenue: kr1.03b (up 73% from FY 2020). Net loss: kr300.4m (loss widened 74% from FY 2020). Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 58%, compared to a 36% growth forecast for the industry in Sweden. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: kr1.91 loss per share (down from kr1.36 loss in FY 2020). Revenue: kr1.03b (up 73% from FY 2020). Net loss: kr300.4m (loss widened 74% from FY 2020). Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 58%, compared to a 36% growth forecast for the industry in Sweden. Major Estimate Revision • Feb 08
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 losses forecast to reduce from -kr3.43 to -kr2.03 per share. Revenue forecast steady at kr1.02b. Interactive Media and Services industry in Sweden expected to see average net income growth of 22% next year. Consensus price target down from kr39.00 to kr38.00. Share price was steady at kr20.68 over the past week. Reported Earnings • Nov 12
Third quarter 2021 earnings released: kr0.26 loss per share The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr265.1m (up 11% from 3Q 2020). Net loss: kr46.1m (loss widened 67% from 3Q 2020). Reported Earnings • Aug 22
Second quarter 2021 earnings released: kr1.28 loss per share The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr226.6m (up 84% from 2Q 2020). Net loss: kr179.7m (loss widened 269% from 2Q 2020).