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Acast AB ( (SE:ACAST) ) just unveiled an update.
Acast has acquired Munich- and Berlin-based Wake Word Studios, a leading creative audio and video studio and original content producer, which will be rebranded as Acast Creative Studios Germany. The deal adds around 50 podcast titles with more than two million monthly listens to the Acast network, brings Wake Word’s Podius media planning platform into the group as an independently run tool, and includes plans to establish world-class podcast studios in Munich. The move significantly strengthens Acast’s position in the fast-growing German podcast advertising market, expands its Acast Creative Studios proposition for omnichannel brand campaigns, and is expected to deliver long-term strategic value in Germany without materially affecting Acast’s near-term financials, while accelerating monetization for German-language creators and offering advertisers enhanced access to premium local audiences.
The most recent analyst rating on (SE:ACAST) stock is a Hold with a SEK35.00 price target. To see the full list of analyst forecasts on Acast AB stock, see the SE:ACAST Stock Forecast page.
More about Acast AB
Acast AB is the world’s largest independent podcast company, providing a global platform for podcast creators and advertisers with a focus on premium audio and video content, omnichannel ad solutions, and branded storytelling. Operating across major markets including the US, UK, Australia, Sweden, France and Germany, the company connects creators with advertisers through technology-driven tools and sales teams to monetize podcasts and reach engaged audiences.
Average Trading Volume: 373,239
Technical Sentiment Signal: Buy
Current Market Cap: SEK5.85B
For detailed information about ACAST stock, go to TipRanks’ Stock Analysis page.