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An announcement from Acast AB ( (SE:ACAST) ) is now available.
Acast AB has signed an exclusive ad sales and distribution partnership with U.S. digital publisher Slate, adding more than 1.5 million weekly listens from Slate’s established podcast network to Acast’s marketplace and reinforcing its growth push in the United States. The deal brings highly engaged, premium news, politics, business, technology and culture audiences – spanning flagship shows such as Political Gabfest and Slow Burn and extending across YouTube and live events – into Acast’s inventory, while leveraging Acast’s global sales infrastructure to connect Slate’s content with advertisers both in the US and internationally, strengthening Acast’s roster of top-tier media brands and broadening monetization opportunities for Slate’s journalism-focused audio portfolio.
The most recent analyst rating on (SE:ACAST) stock is a Hold with a SEK31.00 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 a Stockholm-headquartered global podcasting company that operates a large-scale podcast marketplace connecting creators, advertisers and listeners. Founded in 2014, it powers more than 140,000 podcasts and works with around 3,300 advertisers, monetizing over one billion listens per quarter across all major podcast apps and listening platforms worldwide. Acast is listed on Nasdaq Stockholm and focuses on scalable, ad-supported podcast distribution and monetization for premium publishers and independent creators alike.
Average Trading Volume: 310,115
Technical Sentiment Signal: Buy
Current Market Cap: SEK5.43B
For an in-depth examination of ACAST stock, go to TipRanks’ Overview page.