Sleep Cycle interim report January-June 2021: Continued growth coupled with increased investments in marketing, headcount and stock exchange listing
During the second quarter the number of subscribers continued to grow to a total of 852k, an increase of 14.5%. Net revenues increased by 12.5%, corresponding to 20.3% adjusted currency. Growth was driven by high renewal rates, effective investment in marketing and new growth initiatives such as B2B sales and partnership programs. Increased spend on marketing, a growing organization and the stock exchange listing contributed to a planned increase in costs and therefore a decline in net income for this quarter.Second quarter summary (April-June 2021) · Net sales increased by 12.5 (37.1)