Slides
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Interim Report Jul-Sep 2026
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Meet the team Greg Glenday Chief Executive Officer Anders Hägg Chief Financial Officer & Deputy CEO
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CREATORS ADVERTISERS AUDIENCES Global talent and local expertise - Platform - Ad tech - Data and discoverability Technology People 140k 4,000 1bn per q - World’s largest independent pure-play podcast company - Building the infrastructure that serves as the single point of entry for the whole industry - Creators: grow and monetize across audio, video, social and beyond - Advertisers: buy at scale - without walls or borders
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The Acast Tech Stack A global company that owns podcasting end-to-end – from creation through monetization – unlocking flexibility while absorbing fragmentation. PROPRIETARY TECHNOLOGY FOR CREATORS FOR AUDIENCES FOR BRANDS FOR SMEs Create, Grow & Earn Freely Everywhere Access Omnichannel Activation & Intelligence Self-Serve Advertising Acast Creator Hub Publishing & Distribution AdCollab Revenue Dashboard Platform Partnerships Apple HLS Video Technology Proprietary Intelligence Podchaser Brand Insights Super Fan Acast Ads Platform Campaign Planning & Analytics
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Our Creator Hub Create & Distribute Grow Audience Monetize Everywhere Measure & Optimize PROPRIETARY TECHNOLOGY Real-Time Revenue Dashboard & Analytics Ad ManagementEpisode Creation One connected platform powering every stage of the creator journey
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PROPRIETARY TECHNOLOGY Campaign Creation AdCollabSmart Recommendations Our Ad Platform An end-to-end toolkit for podcast advertising – all in one place Plan Create Target Measure & Optimize
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The intelligence engine for the entire podcast ecosystem. Embedded within Acast, Podchaser translates 6M+ podcasts and 35M+ show transcripts into actionable intelligence that helps brands identify the right creators, audiences, and conversations. How is your brand discussed? What topics are emerging? How do you win the moment? Who should you partner with? Understand how your brand and your key competitors appear across the podcast landscape. Track rising keywords, topics, products, and narratives across conversations. Analysis of conversations around a cultural tentpole to guide your strategy. Identify the creators and shows best positioned to reach your audience. PROPRIETARY INTELLIGENCE STACKS CULTURE INTELLIGENCE CREATOR INTELLIGENCE BRAND INTELLIGENCE TREND INTELLIGENCE CULTURE INTELLIGENCE CREATOR INTELLIGENCE PROPRIETARY TECHNOLOGY
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Niche AudiencesBig IndiesPremium Publishers Best-in-class monetization $730m+ paid to creators since launch Full independence Creative and commercial control Global reach and monetization The best place for creators to build and monetize
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Niche AudiencesBig IndiesPremium Publishers The best place for advertisers to reach audiences PREMIUM TALENT: Vertical Sales & Omnichannel Expertise UNMATCHED SCALE: Contextual & Audience Buys Driving the full range of blue chip omnichannel, brand, programmatic to self-service automated buys with precision data-driven targeting 140k+ exclusive shows globally
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MX CA IE FR DE AU NZ US UK NO SE DK SG World’s largest independent pure-play podcast company
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Acast’s Structural Advantages Global Scale & Pure Focus Independent: Platform Neutrality & Agnostic Distribution Creator Choice & Control Omnichannel Monetization & Advertiser Optionality Proprietary Data & Intelligence Transactional Workflow & Proprietary Infrastructure Trust & Transparency Network Effect
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1 Q3 Update
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Financial highlights Q3 2026 25% SALES GROWTH 18% ORGANIC GROWTH 6% ADJ. EBIT MARGIN 10% ADJ. EBITDA MARGIN Record revenue, record margins - growth is translating into profit
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Financial highlights Jan – Sep 2026 25% SALES GROWTH 26% ORGANIC GROWTH 4% ADJ. EBIT MARGIN 7% ADJ. EBITDA MARGIN Profitable growth: adj. EBIT of SEK 88m vs SEK -15m last year
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Business events Q3 2026 Acast Appoints Liv Sandberg as EVP Europe and Mark Bulling as VP Product Acast’s Podcast Pulse 2026 Acast Acquires Backyard Ventures Accelerating Omnichannel Monetization for Podcasters
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Podcast Pulse 2026 - 3rd annual global study: deep dive into evolving podcast consumer behavior and the multi-format ecosystem - Large global scale & scope: 4,300 respondents across 13 global markets in partnership with independent research firm Differentology
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The extremes of “audio-only” and “video-only” are shrinking. Today’s audiences demand a mixed-format experience – making both channels equally essential for creators to prioritise. Listen or watch? Increasingly , it’s both Why this matters 88% now consume both audio and video, up from 78% last year 9.8% 34.0% 38.5% 15.9% 1.9% 5.0% 39.6% 27 .2% 11.6% 16.6% 2026 2025 Mostly Audio Audio & Video Equally Mostly Video PODCAST PULSE 2026 THE FORMAT ARGUMENT: : +11.3 17 Acast study via Differentology, August 2026, N=4300, Q2, “Which best describes how you consume podcasts?” / / Base: monthly audio and video podcast consumers | totals may not equal 100% due to rounding Source :
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The story travels, and so does the audience. 63% have started a podcast in one format and finished it in another 75% of them switched app or platform to do it WHY THEY SWITCH Convenience 35% Got more interested in the episode 34% Moved from active time to relaxed time 26% Source: Podcast Pulse 2026, N=4,300 podcast consumers, August 2026 study via Differentology.
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Podcast fans follow creators everywhere. 88% follow podcast creators somewhere other than the podcast itself 43% expect to follow creators across more platforms in the next few years WHERE FANS FOLLOW CREATORS OFF THE PODCAST YouTube 58% Instagram 45% TikTok 39% X / Twitter 20% Source: Podcast Pulse 2026. Q59, “Outside of listening to or watching podcasts, where do you follow podcast creators?”
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42% 33% 2025 Podcasters are winning the trust gap. Podcasters are the most trusted source for brand and product recommendations — widening their lead year over year. Podcasters Journalists YouTubers Source: Podcast Pulse 2026, N=4,300 podcast consumers, August 2026 study via Differentology. 2026 31%33% 2025 2026 29%31% 2025 2026 2025 2026 Social Media Influencers 28% 25%
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Accelerating Omnichannel Monetization for Podcasters through acquisition of Backyard Ventures ● Acquisition of Backyard Ventures, a leading US creator network with 200+ creators across audio, YouTube, newsletters and social ● Extends our ability to monetize creators across every channel, which is the omnichannel strategy in action ● Adds premium US inventory, video sponsorship expertise and specialist channel-by-channel sales teams ● Combines Backyard's creator relationships with Acast's ad tech, scaled demand and global infrastructure ● Establishes Acast's presence in Austin, one of the most important podcast markets in the US
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2 Financials
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ARPLV (Views HLS-only) grew 20% • Listens and views growth accelerated to 4% Y/Y. • Average Revenue Per Listen or View (ARPLV) increased by 20% Y/Y. • ARPLV reached SEK 0.69 in Q3 26, in line with the record level in Q2, while listens and views reached 1,155m, up 3% from Q2.
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Another record revenue quarter • Net sales increased by 25% Y/Y, while Organic growth was 18%, reflecting acquisitions contributing SEK 32m (Wake Word Studios SEK 4m, Backyard SEK 28m) and a modest positive FX effect. • Net sales of SEK 802m is our highest quarterly revenue ever, surpassing the previous record of SEK 776m in Q2 2026 and up from SEK 642m in Q3 2025. 25% 18% organic growth
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25% Stable Q3 gross margin at 39% • Gross profit increased 25% Y/Y to SEK 314m. • Gross margin was 39%, in line with Q3 2025, as gross profit grew in line with net sales. • Gross profit of SEK 314m is a new quarterly record, up 3% from Q2 2026 (SEK 305m). Gross margin has held at 39-40% in every quarter except Q1, which is seasonally lower at 37% in both 2025 and 2026.
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North America now largest segment, up 54% Europe North America Other markets 5% 54% 18% 3% organic growth 41% organic growth 12% organic growth
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Record adj. EBIT margin of 6% in the quarter • Adj. EBIT increased to SEK 52m (6% EBIT margin) in Q3 2026, from SEK 18m (3% margin) a year ago. • The improvement reflects continued revenue growth combined with operating leverage across the cost base. • On an LTM basis, Adj. EBIT reached SEK 129m, up from SEK 2m a year ago, with the Adj. EBIT margin at 4% (0% a year ago). • Sustained revenue growth has outpaced cost growth over the period.
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• Cash flow before working capital was SEK 83m, against SEK 26m last year. • Working capital was an outflow of SEK 62m, against SEK 6m last year, mainly due to creator payments in Q3 for the record Q2 sales. • Operating cash flow of SEK 111m in the first nine months (SEK -5m), SEK 178m on an LTM basis. • Q3 cash flow reflects working capital timing, with cash flow before working capital up from SEK 26m to SEK 83m. LTM operating cash flow of SEK 178m
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3 Wrap-up
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Key takeaways Net sales of SEK 802m, up 25% Growth driven by both ARPLV (views HLS-only) up 20%, and listens and views up 4% Y/Y Another record revenue quarter North America now largest segment, up 54% for the quarter North America now largest segment We acquired Backyard Ventures and appointed Liv Sandberg as EVP Europe, and Mark Bulling as VP Product, building the leadership and capabilities to lead omnichannel monetization. Omnichannel acceleration Highest ever adj. EBITDA and EBIT margins: 10% and 6% On the right path toward our 2028 targets. Record profitability
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4 Q&A
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Central Themes Key dates 11 February 2027 - Year-end report for the period January 1- December 31, 2026 16 April 2027 - Annual report for the period January 1 - December 31, 2026 5 May 2027 - Interim report for the period January 1- March 31, 2027 18 May 2027 - Annual General Meeting 2027 23 July 2027 - Interim report for the period January 1- June 30, 2027 28 October 2027 - Interim report for the period January 1- September 30, 2027 investors.acast.com/subscribe acast.com/news shows.acast.com/acast-financial-reporting Follow us