Epidemic Sound shares
Unlisted company
Epidemic Sound is a Swedish company, founded in 2009, that specializes in providing royalty-free music and sound effects to content creators worldwide. The company offers an extensive catalogue of high-quality audio material used in everything from YouTube videos to professional film productions.
Products and services
The music catalogue is constantly growing and contains more than 40,000 tracks and 90,000 sound effects, giving content creators a wide range to choose from. The platform is designed to make it easy to find, license, and download the material, with personalized recommendations and advanced search tools. It also offers integrations with various video editing tools and platforms, allowing users to seamlessly add music to their projects.
Business model and revenue streams
Epidemic Sound uses a subscription-based business model in which content creators pay a monthly or annual fee to access the company’s music library. This model gives users unlimited use of the music in their content without having to worry about copyright issues.
Financial performance
The company has demonstrated strong financial performance in recent years. In 2021, revenue amounted to SEK 808 million, with EBITDA of SEK −53 million, corresponding to a margin of −7 percent. In 2022, revenue was SEK 1,181 million and EBITDA was SEK 3 million, a margin of 0 percent. In 2023, revenue reached SEK 1,478 million, with adjusted EBITDA of SEK 59 million, corresponding to a margin of 4 percent.
Future plans
Epidemic Sound continues to expand its music catalogue and improve its platform to meet the needs of a growing global user base. The company is focused on developing new features and integrations to make it even easier for content creators to find and use music in their projects. According to reports, the company, which is one-third owned by EQT, may go public during 2025. However, the company itself, which is valued at SEK 12.5 billion, remains tight-lipped about the plans.
Products and services
More than 40,000 music tracks
90,000 sound effects
Integration with editing tools
Revenue model
Monthly or annual subscription
Unlimited use in content
Rights cleared in advance
Financial performance
Published 11 September 2026Published figures from the company’s own reports. Amounts in MSEK · change from the previous year
- Cash and bank 2025-12-31
- 451MSEK
- Operating cash flow
- 14MSEK
- Net sales
- 1,804MSEK
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net sales | 1,804(-5.9 %) | 1,917 | – | – |
| Revenue growth | -5.9% | – | – | – |
| Gross margin | – | 84% | 84% | – |
| EBITDA | -199(-285.9 %) | 107 | – | – |
| EBIT | -760 | -428 | – | -30 |
| Net income | -617 | -330 | -380 | -411 |
| Equity | – | – | – | 11,813(+1.7 %) |
| Cash and bank | 451(-39.1 %) | 740(+24.5 %) | 594(-11 %) | 668(-17.7 %) |
| Operating cash flow | 14(-94.7 %) | 260(+79.5 %) | 145(+71.1 %) | 85 |
Documents and reports
4New share issues
Latest 1An overview of the company’s capital raising.
| Date | Capital raised | Valuation |
|---|---|---|
| SEK 11bn | SEK 12bn |
Questions about Epidemic Sound
Is Epidemic Sound publicly listed?
No, Epidemic Sound is a public limited company and is not publicly listed. The company has not completed an IPO, so its shares are not traded on a regulated stock exchange, but rather in the unlisted market.
What does Epidemic Sound do?
Epidemic Sound is a Swedish company that provides royalty-free music and sound effects for content creators worldwide. The company offers a digital platform where creators, businesses, and brands can find, license, and use music and audio in their content.
Can I buy shares in Epidemic Sound?
Yes, it is possible to buy shares in Epidemic Sound through trading in unlisted shares, provided that there are sellers. Through Eqvor, you can place a buy order and be matched with sellers in the unlisted market.
How do I sell shares in Epidemic Sound?
If you own shares in Epidemic Sound, you can place a sell order via the platform. Once a trade is matched, the transaction is completed and the change of ownership is recorded in the company’s share register.
Is Epidemic Sound affiliated with Euroclear?
No, Epidemic Sound is not currently affiliated with Euroclear. This means that the shares are registered directly in the company’s share register and not through the Swedish securities system.
Can I hold Epidemic Sound shares with Avanza or Nordnet?
Because Epidemic Sound is not affiliated with Euroclear, the shares cannot normally be held in a standard securities account with Avanza or Nordnet. Instead, ownership is registered directly in the company’s share register.
Does Epidemic Sound have rights of first refusal or pre-emption clauses?
Yes, Epidemic Sound has rights of first refusal or pre-emption rights. This means that share transfers may need to be handled in accordance with specific terms before the shares are sold on to an external buyer.
At what price is the Epidemic Sound share traded?
Since Epidemic Sound is not publicly listed, there is no official share price on a regulated marketplace. Instead, the price is determined by supply and demand among buyers and sellers in the unlisted market.
When will Epidemic Sound go public?
There is currently no publicly announced timetable for Epidemic Sound to go public. We therefore do not currently know when Epidemic Sound might go public or whether the company will conduct an IPO.
What are the risks of investing in Epidemic Sound?
Investing in Epidemic Sound involves risk, just like other investments in unlisted shares. The company’s valuation may be affected by subscriber growth, licensing revenue, competition, AI developments, copyright issues, capital requirements, and demand for music and sound effects for digital content. Trading in unlisted shares also normally involves lower liquidity than trading in listed shares.
Where can I find Epidemic Sound's annual report?
Epidemic Sound's annual report can be found under Investor Relations and Financial Reports. The company's annual reports are available there for download.
Has Epidemic Sound conducted any share issues?
Yes, Epidemic Sound has conducted capital raises and previous new share issues. Epidemic Sound's Capital raised is stated as SEK 11.5 million, which shows how much capital the company has raised through previous financing.
How much capital has Epidemic Sound raised in total?
Epidemic Sound’s Capital raised is stated as SEK 11.5 million. An equity raise is a term for raising capital, while terms such as funding round, financing, or share issue are often used.
Has Epidemic Sound reported a profit or a loss?
Epidemic Sound reports a negative result in the latest available information. Under Key figures, EBITDA is stated as SEK 107,150 thousand and net profit/loss as SEK -305,728 thousand. The company’s earnings performance is also shown in the Results by year chart.