Acast, founded in 2014, released its Q2 earnings with a 10-year celebrative spirit. Key bragging points include:
- 24% net sales growth year-over-year
- Gross margin: 39%
- Operating loss: 32.3 SEK (Swedish Krona; Acast was founded in Stockholm, and operates offices around the world)
- 1.104-million listens, a decrease of 15% year-over-year
- Average revenue per listen (ARPL) was SEK 0.43 (U.S. $0.04), a 45% increase YOY.
Recognizing its anniversary, Acast listed off a few accomplishments:
In April, Acast celebrated a decade as a market leader in the podcast industry. Since its inception in 2014, Acast has continued to expand its global footprint and today is home to over 125,000 podcasts, enabling advertisers to reach listeners in practically every country worldwide. Since launch, Acast has delivered 37 billion ads globally while also paying out more than $390 million directly to creators around the world.
The earning summary includes advocacy for podcast advertising generally. Referencing a survey conducted jointly by Acast and OMD, the company learned that every SEK=1 invested in podcast advertising returns SEK 4.9 in long-term sales, outperforming traditional media’s average return of 3.7 SEK.
All in all, Acast calls this report “Another step closer to profitability. The company expects EBITDA profitability before end of this year.
