Bonnier Books acquires Nextory
The deal is expected to be completed after approval from the Swedish Competition Authority.
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E-book and audiobook streaming service
nextory.comLast updated
In short: Nextory was acquired by Bonnier Books to form a European giant following reports of record customer growth and increased profitability.
The deal is expected to be completed after approval from the Swedish Competition Authority.
Revenue increased to SEK 671 million and EBITDA improved to SEK 52.1 million.
Customer registrations increased 39% compared to the previous year. Revenues and paying customers rose over 10%. CEO Shitar Bitar comments on the accelerating growth.
The Mini, Standard and Plus subscriptions are based on reading and listening time. Unlimited option for households is also offered. Launches in Sweden in April.
Bonnier Books is acquiring the streaming service Nextory. If the deal goes through, Bonnier Books will become a European audiobook giant in a market with increasingly fierce competition.
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