In This Article:
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Net Sales Growth (Q4 2024): 17% overall growth, with 15% organic growth.
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North America Revenue Growth (Q4 2024): 33% increase.
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Gross Margin (Q4 2024): 40%.
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EBITDA Profit (Q4 2024): SEK34 million, corresponding to a 6% margin.
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Full Year Net Sales Growth (2024): 19% overall growth, with 18% organic growth.
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Full Year Gross Margin (2024): 39%.
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Full Year EBITDA (2024): SEK24 million.
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Average Revenue Per Listen (Q4 2024): SEK0.54, reflecting 28% year-on-year growth.
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Operating Cash Flow (Q4 2024): Positive SEK55 million.
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Free Cash Flow (Q4 2024): Positive SEK28 million.
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Revenue Growth by Segment (Q4 2024): Europe 12%, North America 33%, Other Markets flat.
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Top Market Performance (2024): UK 2% growth, US 37% growth, Sweden 28% growth.
Release Date: February 12, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Acast AB (STU:0PN) achieved a 17% net sales growth in Q4 2024, with 15% being organic growth.
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The company reported a 33% revenue growth in North America, highlighting strong market performance.
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Acast AB (STU:0PN) successfully reached a milestone of positive EBITDA, reflecting profitability improvements.
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The acquisition of Wonder Media Network is expected to open new revenue streams and enhance omnichannel campaign capabilities.
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Acast AB (STU:0PN) has expanded its podcast portfolio, adding high-profile content like TED Audio Collective and Casefile, which have significant listener bases.
Negative Points
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Acast AB (STU:0PN) experienced a 13% decline in listens in 2024, primarily due to the iOS 17 effect.
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The UK market faced challenges with a moderate growth rate of 2% due to a difficult advertising environment.
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The company lost the BBC as a partner, impacting its listenership, although it managed to offset the commercial value with new shows.
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There was a slight reduction in CPMs, influenced by a shift in product mix towards more ads, which generally have lower CPMs than sponsorships.
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The company acknowledges the need for more tailwinds from the ad market to fully meet its revenue growth targets.
Q & A Highlights
Q: How do you monetize omnichannel campaigns, and is it a different model from your ad revenue? A: Omnichannel campaigns involve deeper engagement with creators across platforms like YouTube, Instagram, and TikTok. These are high-value, multi-platform deals. The revenue model for these campaigns has a similar gross margin profile as the rest of our business. - Ross Adams, CEO & Emily Villatte, CFO