Sweden's Acast Q1 net sales rise 20%, turns profitable

Acast AB (publ)

05/05/2026 06:08

Overview

Sweden podcast infrastructure provider's Q1 net sales rose 20% yr/yr, first-ever profitable Q1

EBITDA and EBIT both turned positive, reflecting improved margins

EPS for Q1 was SEK 0.09, up from a loss last year

Outlook

Company did not provide specific guidance for future quarters or the full yr

Result Drivers

NORTH AMERICA GROWTH - Co said North America was the main driver of net sales growth, with 26% reported and 43% organic growth

COST DISCIPLINE - Co attributed first-ever profitable Q1 to disciplined cost management, with operating expenses up 2% vs 20% revenue growth

HIGHER REVENUE PER LISTEN - Co said ARPL rose 19% yr/yr, reflecting success in monetization strategy despite only 1% growth in listens

Company press release: ID:nMFN7XG30t

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 645 mln
Q1 EPS
SEK 0.09


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Acast AB (publ) is SEK33.00, about 3.1% above its May 4 closing price of SEK32.00

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 38 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)