Acast (ACAST) Q3 2026 earnings summary

Executive summary

• Record Q3 net sales of SEK 802.3m, up 25% YoY with 18% organic growth; adjusted EBITDA margin reached 10% and adjusted EBIT margin 6%.

• North America became the largest segment, with sales up 54%; stronger monetization per listen or view and cost growth below sales growth supported gains.

• Jan-Sep net sales rose 25% to SEK 2,222.8m and profit for the period was SEK 89.6m, versus a SEK 165.2m loss a year earlier.

Financial highlights

• Q3 net sales were SEK 802.3m versus SEK 642m a year earlier and SEK 776m in Q2; acquisitions added SEK 32m and FX had a modest positive effect.

• Gross profit rose 25% to SEK 313.9m; gross margin held at 39%, unchanged YoY.

• Adjusted EBIT was SEK 51.9m versus SEK 18.1m; adjusted EBITDA was SEK 77.8m versus SEK 39.7m, excluding SEK 4.2m of items affecting comparability.

• Q3 net income was SEK 45.4m versus SEK 7.3m; basic EPS was SEK 0.25 versus SEK 0.04, and diluted EPS was SEK 0.24 versus SEK 0.04.

• Jan-Sep adjusted EBIT was SEK 88m versus SEK -15m; operating cash flow was SEK 111.4m versus an outflow of SEK 4.9m.

Outlook and guidance

• Management entered Q4 confident of progress toward 2028 targets, citing scalable growth, expanding margins and a larger North American business; no target figures were specified in the update.

• Investment in sales and product capacity will continue, but at a pace materially slower than revenue growth; no quarterly cost guidance was given.

• Q4 is typically the strongest quarter, and management expects a historically positive Q4 working-capital effect; no quarter-by-quarter working-capital guidance was given.

• Liv Sandberg is expected to join as EVP Europe in early 2027, bringing regional markets under one leader; management sees continued growth opportunity in Europe.