Strong third quarter for Nextory - increased paying users with 68 percent

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The book app Nextory reports an increase in the number of paying users by 68 percent during the third quarter of the year compared with the same period last year. Thereby, Nextory continues the strong growth journey and breaks records in both number of new subscribers and customer loyalty.

Earlier this year, Nextory acquired Spain's largest local book service, which in just a few months was transferred to Nextory's technical platform. In early August, Nextory launched with great success in Spain. The Nextory app is now available in nine markets around Europe and expansion in more markets awaits in the coming year.

– During the third quarter of the year, we broke a new record in the number of new users during one quarter. We’ve also seen higher customer loyalty than ever before. It's mainly because we’ve managed to maintain momentum in existing markets while the growth has picked up speed in our newest markets Norway and Spain. The last quarter of the year will be an exciting phase for us as we’ll invest in further expansion abroad and also test a number of new, exciting marketing activities in our various markets, says Shadi Bitar, CEO and founder at Nextory.

Summary of Q3:

  • Paying users increased by 68 percent during Q3 2021.
  • The company's best 3 months ever in terms of growth and number of new users.
  • Launch in Spain which has been one of the most successful so far for Nextory.