As a result of the public cash offer announced on
Preliminary financials for the fourth quarter 2022
Readly has delivered good growth year-on-year with total revenue ofSEK 156.6 million (134.8), an increase of 16.2 percent compared to the fourth quarter 2021. The growth has primarily been driven by price increases in selected markets.- The number of FPS at the end of the quarter was 452,466. This is a decrease of 5.4 percent compared to the end of the fourth quarter 2021 (478,362) and an increase of 1.3 percent compared to the end of the third quarter 2022 (446,861).
-
ARPU amounted to approximately
SEK 109 (95), reflecting the price increases thatReadly has carried out throughout 2022 as well as positive effects from exchange rates. -
Gross profit increased by 27.5 percent to
SEK 57.5 million (45.1), corresponding to an all-time high gross margin of 36.7 percent (33.5). The increase in gross margin was primarily related to lower publisher costs in relation to revenue. - The gross contribution margin for the period was 21.0 percent (4.1). The increase was primarily a result of lower marketing expenses as well as higher gross margin.
-
Adjusted EBITDA amounted to
SEK -12.1 million (-41.4), corresponding to an adjusted EBITDA margin of -7.7 percent (-30.7)[1]. This was the seventh consecutive quarter with improved adjusted EBITDA margin. -
Earnings before tax for the fourth quarter 2022 has been impacted by a non-cash impairment of goodwill of approximately
SEK -27.0 million related to the acquisition ofToutabo . Furthermore,Readly has adjusted the consideration for the earn-out payment related to the acquisition ofToutabo with a reduction of approximatelySEK 20.8 million . -
As of
31 December 2022 ,Readly's cash and cash equivalents amounted toSEK 188.7 million (306.2).
All figures are unaudited and may be adjusted in the year-end report to be published on
For more information, please contact:
+46 725 03 32 31, linnea.aguero@readly.com
Johan Adalberth, CFO
johan.adalberth@readly.com
This is information that
About
[1] Items affecting comparability for the fourth quarter 2022 amounted to
https://news.cision.com/readly/r/trading-update-for-the-fourth-quarter-2022,c3701327
https://mb.cision.com/Public/18245/3701327/a26fc6fa62a540f3.pdf
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