Acast Third Quarter 2024 Earnings: kr0.15 loss per share (vs kr0.13 profit in 3Q 2023)

Acast (STO:ACAST) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr475.4m (up 12% from 3Q 2023).
• Net loss: kr26.6m (down by 210% from kr24.1m profit in 3Q 2023).
• kr0.15 loss per share (down from kr0.13 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Acast Earnings Insights

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Interactive Media and Services industry in Sweden.

Performance of the Swedish Interactive Media and Services industry.

The company's shares are up 2.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Acast's balance sheet and an in-depth analysis of the company's financial position.

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