Slide 1: Interim Report Jan - Jun 2025
July 2025 Jan - Jun 2025 Interim Report
Slide 2: In the Room
In the Room Greg Glenday Emily Villatte CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER AND DEPUTY CEO
Slide 3: Uniquely positioned at the center of the podcasting value chain
More than 140,000 shows More than 1BN listens/quarter Creator payouts $500M MONETIZE CONSUME More than USD EVERYWHERE 100m uniques/month GROW YOUR ACCESS HIGH AUDIENCE QUALITY CONTENT REACH YOUR SUPPORT YOUR Uniquely positioned LISTENERS FAVORITE PODCAST at the center of the podcasting value chain E
Slide 4: Full spectrum of creators
Full spectrum of creators Big Shows and Publishers, Niche Shows, Massive Impact Engaged Audiences at scale
Slide 5: CEO Update
1 CEO Update
Slide 6: Financial highlights Q2 2025
Financial highlights Q2 2025 27% -7% Net sales growth EBITDA margin 32% 3% Adj. EBITDA Organic growth margin North America leads the way 6
Slide 7: First original Production from Acast Creative Studios
First original Production from Acast Creative Studios Acast Creative Studios was formed by synergistic merger with Wonder Media Network, immediately scaling our capacity for premium branded content. Successfully launched its first new production “Mind If We Talk?” with BetterHelp, one of the leading
Slide 8: Launching Smart Recommendations
Launching Smart Recommendations New tool for advertisers to create even more effective and impactful campaigns by reaching the right audience faster. Utilizing AI and various data points, including audience demographics, listening habits, and content themes to provide tailored recommendations. Integ
Slide 9: Financials
2 Financials
Slide 10: Solid ARPL growth
Solid ARPL growth Listens (m) Quarterly Listens and Average Revenue Per Listen ● Average revenue per listen increased by 27% Y/Y. ● ARPL continues to develop favorably, reaching a record-high SEK 0.55 ● Reported listens flat compared to last year, but strategic focus on more in the quarter. monetizab
Slide 11: Strong growth extended into Q2
Strong growth extended into Q2 Net Sales (SEKm) Quarterly Net Sales (SEKm) +27% ● Organic growth of 32% adjusted for currency effects and revenue ● Sustained high growth in Q2 25, significantly strengthened by our contributions from Wonder Media Network. performance in North America. 11
Slide 12: Gross margin reached 40%
Gross margin reached 40% Gross Profit (SEKm) Quarterly Gross Profit (SEKm) Ex- reval 39% ● The gross margin was positively impacted by product mix, yield ● Gross margin saw Q/Q improvement. management and scaling against ad tech and distribution costs. 12
Slide 13: North America driving our global growth
North America driving our global growth Europe North America Other Markets Net Sales (SEKm) Net Sales (SEKm) Net Sales (SEKm) +9% (12% Organic) +70% (77% Organic) +12% (20% Organic) Contribution Profit (1) (SEKm) Contribution Profit(1) (SEKm) Contribution Profit(1) (SEKm) (1) Contribution Profit refers
Slide 14: Opex affected by leadership transition
Opex affected by leadership transition Operating Expenses (SEKm) 314 232 218 215 197 197 194 199 190 SEK9m related to CPO departure SEK59m in IAC related to CEO change and future re-listing 14
Slide 15: Continued adj. EBITDA improvements
Continued adj. EBITDA improvements Quarterly Adj. EBITDA (SEKm) Adj. EBITDA LTM* (SEKm) ● Results affected by large one-off costs related to leadership transition and ● The positive trajectory of our underlying profitability continues. future re-listing costs. Adjusted for these, EBITDA was SEK 16 m.
Slide 16: Cash flow impacted by working capital changes
Cash flow impacted by working capital changes Cash flow from operating activities (SEKm) Cash flow from operating activities LTM* (SEKm) ● Operating cash flow of SEK 53 m, negatively affected by SEK 85 m from ● Cash position of SEK 572 m per 30 June, 2025. working capital fluctuations. *Last Twelve Month
Slide 17: Wrap-Up
3 Wrap-Up
Slide 18: Key takeaways
Key takeaways Growth boosted Buyers are increasingly Underlying profitability Maintained growth by North America - transacting larger improvements momentum with 32% the US is now our volumes – new record with adj. EBITDA organic growth largest market bookings in two of margin of 3% three top markets
Slide 19: Q&A
4 Q&A
Slide 20: Interim report July - September 30, 2025
Oct Interim report 30 For July 1 - September 30, 2025
Slide 21: For The Stories.
For The Stories.