Continued revenue growth and on the way to long-term profitability
Readly International AB (publ) reports for the first time positive EBITDA for the third quarter, 2023. The number of fully paying subscribers increased by 3.1 percent to 460,686 (446,861) compared to the same period last year and increased by 1.3 percent from quarter to quarter. Total revenue increased by 18.2 percent to SEK 173.9 million (147.1) and ARPU rose to SEK 120 (103), an increase of 17.1 percent, largely as a result of the well-received price increases in all markets. The gross margin increased to 40.1 (32.7) percent and the adjusted EBITDA margin was 6.9 percent compared to -9.7