Q1 2022: Solid growth and improved profitability - revenue up 41%
Readly International AB (publ) presents a first quarter with continued solid growth and improved profitability. The number of fully paying subscribers increased by 17 percent to 465,456 (397,071) compared with the first quarter of 2021, and total revenue by 41.2 percent to SEK 143.8 (101.9) million. Gross profit increased by 44.2 percent to SEK 48.8 (33.9) million, corresponding to a gross margin of 34.0 percent. Adjusted for items affecting comparability of SEK -7.0 million, the EBITDA margin improved to -22.0 (-53.2) percent and the operating margin to -26.0 (-55.9) percent in the quarter.