Sleep Cycle interim report July-September 2023: Increased operating margin and trend shift in subscription development
Göteborg, Sweden, 25 October 2023.The third quarter in summary (July-September 2023) · Net sales increased by 11.1% (12.8%) and totaled tSEK 61,065 (54,976). Currency-adjusted net sales growth totaled 2.6% (7.3%). · Operating profit totaled tSEK 20,427 (13,563) and the operating margin was 33.5% (24.7%). No expenses affecting comparability have been expensed. · The total number of paying subscribers at the end of the period was 887,000 (912,000), a decrease of 2.7% compared with the previous year. · Average Revenue per User (ARPU) for the quarter totaled SEK 276 (239), a