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Acast AB ( (SE:ACAST) ) has shared an update.
Acast has announced it will be among the first partners to work with Apple to distribute video podcasts to Apple Podcasts using HLS technology this spring. The collaboration will allow Acast to distribute and monetize creators’ video podcast content on Apple’s platform, strengthening Acast’s role as a key infrastructure provider in the rapidly evolving podcast market.
Management framed the move as a defining moment for the medium, broadening opportunities for creators and advertisers and opening new revenue and audience streams. By supporting video on one of the industry’s most influential platforms, Acast aims to reinforce its positioning as a growth engine for modern podcast businesses and to enhance the commercial potential of its creator and brand ecosystem.
The most recent analyst rating on (SE:ACAST) stock is a Hold with a SEK30.00 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 is a Stockholm-listed, pure-play podcast company that provides global infrastructure for podcast creation, distribution, and monetization. Acting as a single point of entry for the industry, it enables more than 140,000 creators to reach audiences and work with over 4,000 advertisers across audio, video, social, and other formats worldwide.
YTD Price Performance: -23.44%
Average Trading Volume: 399,932
Technical Sentiment Signal: Buy
Current Market Cap: SEK4.8B
Learn more about ACAST stock on TipRanks’ Stock Analysis page.