Continued improved results and good revenue growth
Readly International AB (publ) presents a first quarter with good revenue growth and improved results. Quarter-on-quarter, the number of full-paying subscribers increased by 0.3 per cent to 453,631 (452,466) and year-on-year the full-paying subscribers decreased by 2.5 per cent (465,456). Total revenue increased by 12.2 per cent to SEK 161.4 million (143.8). Gross profit increased by 19.9 per cent to SEK 58.5 million (48.8), corresponding to a gross margin of 36.3 per cent (34.0). Adjusted for items affecting comparability of SEK 13.1 million, the EBITDA margin improved to -5.7 per cent (-22.