Acast AB (SE:ACAST)
:ACAST
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Acast AB
(ACAST)
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Rating:52Neutral
Price Target:
kr26.00
▼(-0.19% Downside)
Action:ReiteratedDate:02/28/26
The score is held up by improving fundamentals (scaled revenue, stabilized gross margins, and a relatively conservative balance sheet), but is constrained by inconsistent profitability and weaker 2025 free cash flow, alongside bearish technical signals (below key moving averages and negative MACD) and loss-making valuation (negative P/E).
Positive Factors
Revenue scale & growth
Sustained multi-year revenue scaling indicates durable demand for Acast’s platform and ad inventory. Larger scale enhances pricing power with advertisers, improves fill rates, and spreads fixed platform costs, supporting long-term margin recovery and competitive positioning as the podcast market grows.
Negative Factors
Inconsistent profitability
The shift back to a net loss after a profitable year signals volatility in converting scale into sustained operating profits. Persistent swings in net margin reduce predictability for reinvestment and can hinder long-term planning unless structural cost or revenue-mix improvements are implemented.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue scale & growth
Sustained multi-year revenue scaling indicates durable demand for Acast’s platform and ad inventory. Larger scale enhances pricing power with advertisers, improves fill rates, and spreads fixed platform costs, supporting long-term margin recovery and competitive positioning as the podcast market grows.
Read all positive factors
Acast AB (ACAST) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr4.86B
Dividend YieldN/A
Average Volume (3M)296.07K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue Growth26.82%
EPS Growth76.68%
CountrySE
Employees409
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)0.29
Shares Outstanding182,465,260
10 Day Avg. Volume215,746
30 Day Avg. Volume296,073
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)5.28
Price to Sales (P/S)2.48
P/FCF Ratio-1.54K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr29.62Price Target Upside13.72% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.8
Revenue Forecast (FY)kr2.89B
Acast AB Business Overview & Revenue Model
Company Description
Acast AB (publ) operates a podcast marketplace worldwide. The company connects podcasters and advertisers through its podcast marketplace that offers reach to podcast listeners with host-front advertising campaigns, audio ads, and branded content....
How the Company Makes Money
Acast generates revenue primarily through advertising sales, where it earns money by facilitating ad placements within podcasts. The company uses dynamic ad insertion technology to deliver targeted ads, allowing advertisers to reach specific audie...
Acast AB Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
72
Positive
Cash Flow
50
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.52B | 1.94B | 1.64B | 1.39B | 1.03B |
| Gross Profit | 989.41M | 764.20M | 520.84M | 469.86M | 373.48M |
| EBITDA | -90.67M | 25.94M | -95.25M | -219.24M | -267.92M |
| Net Income | -112.41M | 78.22M | -179.68M | -286.38M | -300.39M |
Balance Sheet | |||||
| Total Assets | 2.12B | 2.01B | 1.72B | 1.86B | 1.86B |
| Cash, Cash Equivalents and Short-Term Investments | 589.33M | 713.70M | 759.46M | 867.76M | 1.36B |
| Total Debt | 135.38M | 141.15M | 21.95M | 48.41M | 47.23M |
| Total Liabilities | 942.78M | 742.34M | 580.44M | 554.86M | 370.17M |
| Stockholders Equity | 1.18B | 1.27B | 1.14B | 1.31B | 1.49B |
Cash Flow | |||||
| Free Cash Flow | -4.06M | 23.17M | -81.29M | -337.04M | -141.30M |
| Operating Cash Flow | 62.18M | 34.39M | -28.14M | -294.28M | -106.58M |
| Investing Cash Flow | -116.66M | -75.88M | -53.30M | -251.27M | -35.31M |
| Financing Cash Flow | -27.48M | -22.94M | -25.02M | -27.01M | 1.21B |
Acast AB Technical Analysis
Positive
26.05
Price Trends
26.85
Negative
29.54
Negative
24.04
Positive
Market Momentum
-0.07
Negative
52.30
Neutral
48.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ACAST, the sentiment is Positive. The current price of 26.05 is below the 20-day moving average (MA) of 26.24, below the 50-day MA of 26.85, and above the 200-day MA of 24.04, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 52.30 is Neutral, neither overbought nor oversold. The STOCH value of 48.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ACAST.
Acast AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | kr450.16M | 23.65 | 12.65% | 9.28% | -14.68% | -29.97% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | kr158.97M | -84.11 | -3.04% | 13.12% | -3.51% | -192.91% | |
52 Neutral | kr4.86B | -55.48 | -3.84% | ― | 26.82% | 76.68% | |
49 Neutral | kr5.79B | -3.26 | -40.71% | ― | -5.47% | 98.92% | |
48 Neutral | kr62.52M | 5.93 | 27.44% | ― | -10.21% | -1.15% | |
41 Neutral | kr119.55M | -3.85 | ― | ― | 32.83% | 13.34% |
* Communication Services Sector Average
SE:ACAST
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26.65
11.30
73.62%
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Acast AB Corporate Events
Acast to Power Video Podcast Distribution on Apple Podcasts via HLS
Feb 16, 2026
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...
Acast Sets 2026 Reporting Schedule With 2025 Year-End Release
Feb 11, 2026
Acast AB released its year-end report for the period 1 January to 31 December 2025, covering the group’s activities, results, and financial position. The company also published its 2026 financial calendar, including dates for quarterly inter...
Acast Secures Exclusive Global Podcast Ad Sales Deal with Slate
Feb 4, 2026
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 g...
Acast Schedules Webcast for 2025 Year-End Results
Feb 2, 2026
Acast AB will publish its year-end report for 2025 on Wednesday 11 February at 07:00 CET and will host an English-language webcast presentation the same day at 10:00 CET, led by CEO Greg Glenday and CFO Anders Hägg. Investors, analysts and me...
Acast Expands Swedish Podcast Footprint With Exclusive Perfect Day Media Ad Sales Deal
Jan 20, 2026
Acast has entered an exclusive ad sales and distribution partnership with Perfect Day Media, one of Sweden’s leading podcast and content companies, under which Acast will handle all brand ad sales and distribution for Perfect Day Media’...
Acast Buys Wake Word Studios to Expand Creative Footprint in German Podcast Market
Dec 19, 2025
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 tha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.