Acast reports record Q3 revenue and margins driven by North American growth
Net sales reached SEK 802.3m with 25% growth, primarily from North America which surged 54%. The company also acquired Backyard Ventures.
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In short: Acast acquired Backyard Ventures, reported profitable growth, opened Apple Podcasts video monetization, and signed major partnerships.
Net sales reached SEK 802.3m with 25% growth, primarily from North America which surged 54%. The company also acquired Backyard Ventures.
Net sales reached SEK 775.6m, EBITDA turned positive at SEK 57.7m, and adjusted EBIT was SEK 31.6m.
Net sales grew 20% organically. Achieved first profitable Q1 at 1% EBIT margin. Listens exceeded 1 billion.
Net sales grew 20% to SEK 645m with 31% organic growth. EBITDA reached SEK 29.1m (5% margin). Partnerships with Perfect Day Media and Slate announced.
Organic growth slowed to 18% on a marketplace of 140,000+ podcasters and 4,000+ advertisers as revenue per listen rose 20%. What does Backyard add over...
The podcast company Acast shows increased profit even though organic growth decreased during the third quarter.
The Hollywood Reporter reported that Berner and DeSorbo struck a four-year agreement after a competitive bidding process. The deal moved Giggly Squad from Acast to...
The podcast company Acast acquires American Backyard Ventures for 20 million dollars, equivalent to approximately 190 million Swedish kronor, of which 16 million in cash and 4 million in Acast shares through deferred payment.
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