Acast: Year-end report 2020 - Continued high growth

Acast: Year-end report 2020 - Continued high growth

PR Newswire

STOCKHOLM, Feb. 12, 2021

STOCKHOLM, Feb. 12, 2021 /PRNewswire/ -- In 2020, Acast delivered its best year to date. Together with podcast creators, advertisers and listeners we managed to demonstrate the strength of the podcast medium. Listeners continued to steadily increase throughout the year. Acast has reached over 60 million monthly active users and is now hosting over 20,000 shows globally. Advertisers continued to acknowledge the value in reaching an engaged audience which contributed to grow our operating revenues year-over-year 64% to 592 MSEK and the gross profit with 70% to 219 MSEK. We ended the year in a strong fashion by accelerating our revenue growth in Q4 to 95% year-over-year reaching 240MSEK (123MSEK). I would like to thank all my colleagues and our business partners for their fantastic efforts, together we delivered another year of high growth. I am confident that we remain well-positioned to pursue our ambition to become the global leader in the audio-on-demand market," says Ross Adams, CEO. 

 Fourth quarter 2020

Full year 2020

Market Developments

For more information:
Emily Villatte, CFO
Tel: +46 76 525 0142
Email: emily.villatte@acast.com 

About Acast

Acast is the power source of podcasting, offering everything creators and advertisers need to find and reach millions of engaged listeners around the world. We're supercharging a thriving, profitable, fair and sustainable open ecosystem for the world's podcasts - from those of household name media brands like the BBC, Daily Beast, the Guardian, HuffPost, the Economist, gal-dem, and the Financial Times, to shows from celebrities and influencers such as Table Manners with Jessie Ware, Wahlgren & Wistam, My Dad Wrote a Porno, JLC and Romesh Ranganathan's Hip Hop Saved My Life, or simply anyone who wants to create. We connect podcasters, listeners and advertisers through the most innovative, world class products, tools and services, and the world's biggest podcast marketplace. Founded in 2014, Acast now hosts 20,000 podcasts - reaching more than 300 million immersed listeners every month and working with thousands of brands. We're For The Stories.

For brilliant podcasters

For smart advertisers

For The Stories.

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https://mb.cision.com/Main/9844/3285580/1372185.pdf

Read full report

https://mb.cision.com/Public/9844/3285580/b9ffa798d67fbbd7.pdf

Press release Q4 2020

 

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