Acast Revenues Double In 2019

Revenues Rise

Podcast platform ACAST's 2019 net revenues doubled from US$19 million to US$38 million, with revenue in the AMERICAS up 148% and EUROPE up 91%.

CEO ROSS ADAMS said, “2019 was a tremendous year for ACAST. We’ve firmly cemented our position as the world’s most significant podcast company in every sense -- listens, creators and revenue. It’s with pride that we’re able to share our annual financial results showing the effects of securing significant investment in 2018 and, more broadly speaking, how the company has grown.

"We’re looking forward to continued success, recently launching in our first Spanish-speaking country, MEXICO, and continuing to develop our tech and our output in 2020. It’s with a great deal of hard work, determination and passion for podcasting -- and with considerable thanks to our incredible employees worldwide -- that we have in essence doubled our revenue every year since we started trading.”

During 2019, ACAST passed the 10,000-show mark with 1.9 billion listens for the year in 195 countries. And the company is monitoring the effect of the pandemic on business, but notes "record breaking listens (+8.4% globally) during the past two weekends."

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