Continued revenue growth and on track to profitability
Readly International AB (publ) presents a second quarter with good revenue growth and continued improving margins. The number of full-paying subscribers increased 1.7 per cent to 454,745 (447,196) compared with the year-earlier period and increased 0.2 per cent quarter-on-quarter. Revenue increased 16.2 per cent to SEK 167.4 million (144.1) and ARPU increased significantly to SEK 115 (97), an increase of 18 per cent, largely as a result of the price increases that have been well-received in all markets. Gross profit margin increased to 39.5 (33.8) per cent and the adjusted EBITDA margin