Slide 1: Year-end Report Jan - Dec 2024
Feb 2025 Jan - Dec 2024 Year-end Report
Slide 2: In the Room
In the Room Ross Adams Emily Villatte CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER & DEPUTY CEO
Slide 3: At the center of the podcasting value chain
More than More than 140,000 1BN shows listens/quarter CONSUME MONETIZE Creator EVERYWHERE payouts >USD440m GROW YOUR ACCESS HIGH AUDIENCE QUALITY CONTENT Uniquely positioned REACH YOUR LISTENERS SUPPORT YOUR FAVORITE PODCAST at the center of the podcasting value chain Data on 5.6M EMPLOY ADVANCED AC
Slide 4: Big Shows, Massive Impact; Niche Shows, Engaged Audiences at Scale
Big Shows, Niche Shows, Massive Impact Engaged Audiences at Scale 4
Slide 5: CEO Update
1 CEO Update
Slide 6: Financial highlights Q4 2024
Financial highlights Q4 2024 17% 40% 6% NET SALES GROSS EBITDA GROWTH MARGIN MARGIN Further profitability improvements 6
Slide 7: Financial highlights full-year 2024
Financial highlights full-year 2024 19% 39% 1% NET SALES GROSS EBITDA GROWTH MARGIN MARGIN Profitability target achieved 7
Slide 8: Expanding our omnichannel capabilities
Expanding our omnichannel capabilities 8
Slide 9: Acquisition of Wonder Media Network
Acquisition of Wonder Media Network Expanding our audio capabilities and ability to deliver large integrated campaigns Full-service award-winning creative studio ● Female-founded, audio-first studio with 20+ employees ● Brings experience with branded and original content, and strategic advisory for l
Slide 10: Growing Demand for Broad Omnichannel Campaigns
Growing Demand for Broad Omnichannel Campaigns 10
Slide 11: Acast Studios London
Acast Studios London 11
Slide 12: Profitable growth
Profitable growth Net Sales (SEKm) Adj. EBITDA (SEKm) ● Significant profitability improvement throughout the year, resulting in hitting ● 19% revenue growth in full-year 2024, of which 18% organic growth our target of full-year EBITDA profits 12
Slide 13: Financials
2 Financials
Slide 14: Mechanics of Acast's sales build-up
Mechanics of Acast’s sales build-up Net Sales Build-up Listens equal the number of times all shows have been 1 listened to 1 Number of Listens Inventory X Ad slots refers to the number of available ad breaks in each 2 show 2 Ad Slots (#) X Inventory: Multiplying the Number of Listens and the availab
Slide 15: Significant sell-through improvement
Significant sell-through improvement Net sales build-up 2022 2023 2024* Listens (m) 5 139 5 019 4 385 Listens growth Y/Y 38% -2% -13% Ad-Slots (#) 5.5 6.2 6.8 Inventory (m) 28 421 30 969 29 665 Sell Through Rate 29% 27% 41% CPM / Pricing (USD) 16 15 13 Net sales from ads 1 291 1 454 1 836* Total net
Slide 16: Continued ARPL expansion
Continued ARPL expansion Listens (m) Quarterly Listens and Average Revenue Per Listen ● Listens down 8% Y/Y affected by BBC leaving our network in November ● The change had no impact on revenues, and ARPL continued to expand ● ARPL followed previously strong trends to end at a record-high of SEK 0.5
Slide 17: Net sales increase of 17%
Net sales increase of 17% Net Sales (SEKm) Quarterly Net Sales (SEKm) +17% ● Organic net sales growth of 15% when adjusting for FX ● Largest growth contribution from North America in the quarter 17
Slide 18: Gross margin remained high at 40%
Gross margin remained high at 40% Gross Profit (SEKm) Quarterly Gross Profit (SEKm) Ex revaluation Ex- rev- al 39% 39% ● Gross profit increased by 18% Y/Y, adjusting for the revaluation of podcast contract effects in Q4 23. ● Gross margin has remained at a healthy level throughout the year ● The positi
Slide 19: Continued cost discipline
Continued cost discipline Other Operating Expenses (SEKm) Quarterly Other Operating Expenses (SEKm) 215 197 ● Other operating expenses (incl. D&A) increased by 9% Y/Y, ● Total staffing (FTE+FTC) as at end Q4 24 amounted to 395 somewhat affected by FX and transaction related expenses (WMN) 19
Slide 20: North America remains a key driver of growth
North America remains a key driver of growth Europe North America Other Markets Net Sales (SEKm) Net Sales (SEKm) Net Sales (SEKm) +12% +33% -1% Contribution Profit (1) (SEKm) Contribution Profit(1) (SEKm) Contribution Profit(1) (SEKm) ● Strong development in Continental Europe ● Continued strong perfo
Slide 21: Major profitability uplift across all largest markets
Major profitability uplift across all largest markets UK US Sweden Net Sales (SEKm) Net Sales (SEKm) Net Sales (SEKm) Contribution Profit (1) (SEKm) Contribution Profit(1) (SEKm) Contribution Profit(1) (SEKm) 7% Ex reval. Ex reval. 20% ● More moderate growth at 2% Y/Y, affected by ● Strong growth perfor
Slide 22: Full-year profitability target reached
Full-year profitability target reached Quarterly Adj. EBITDA (SEKm) Adj. EBITDA LTM* (SEKm) ● EBITDA of SEK 34 m, corresponding to 6% margin. Adjusted for transaction- related expenses (SEK 1.5 m), the adjusted EBITDA was SEK 36 m ● Adjusted EBITDA of SEK 26 m in FY24, reflecting achievement of full-y
Slide 23: Positive cash flow development
Positive cash flow development Cash flow from operating activities (SEKm) Cash flow from operating activities LTM* (SEKm) ● Operating cash flow of SEK 55 m, including SEK10m in positive working ● Robust cash position at SEK 714 m per 31 December, 2024 capital changes *Last Twelve Months 23
Slide 24: Wrap-Up
3 Wrap-Up
Slide 25: Acast stands strong as the leading player in podcasting
Acast stands strong as the leading player in podcasting 25
Slide 26: Upcoming events and areas of focus
Upcoming events and areas of focus Capital Exploring a Nasdaq Scaling our Markets Day Stockholm Main Omnichannel 2025 Market listing in strategy 2025 26
Slide 27: Q&A
4 Q&A
Slide 28: Follow us on
Follow us on Investors.acast.com/subscribe Acast.com/blog Shows.acast.com/acast-financial-reporting Apr May May July 7 6 20 25 Capital Markets Day 2025 Interim report for Annual General Meeting 2025 Interim report for April 1 - June 30, January 1 - March 31, 2025 2025 28
Slide 29: For The Stories.
For The Stories.