Q1 2024: Continued revenue growth and positive EBITDA
For the third consecutive quarter, Readly International AB (publ) reports a positive EBITDA. The number of fully paying subscribers increased by 1.1 per cent to 458,670 (453,631) compared to the same period last year. Total revenue increased by 9.8 per cent to SEK 174.0 million (158.4) and ARPU rose to SEK 121 (112), an increase of 8.1 per cent, largely as a result of the well-received price increases and currency effects. The gross margin increased to 39.1 (35.1) per cent and the adjusted EBITDA margin was 5.1 per cent compared to -5.7 per cent last year.– Q1 2024 is the third consecutive