Bonnier News completes the transfer of Readly's non-Nordic operations to Cafeyn
Readly's Nordic operations are integrated into Bonnier News. Non-Nordic subscribers are moved to Cafeyn's platform. Both parties focus on growth strategies.
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Digital magazine subscription service
global.readly.comLast updated
In short: Readly completed its takeover by Bonnier News, sold non-Nordic operations to Cafeyn, and reported subscriber growth.
Readly's Nordic operations are integrated into Bonnier News. Non-Nordic subscribers are moved to Cafeyn's platform. Both parties focus on growth strategies.
Readly grew to 440,151 paying subscribers, achieved SEK 718M revenue, 10.8% EBITDA margin, and SEK 95M free cash flow. CEO highlights positive subscriber growth and SEK 408M to partners.
The number of subscribers increased by 2.7% to 427,200 and revenues by 3.6% to 186.1 MSEK. The app is improved with adaptations and interactive headlines.
Revenues increased 5.8% to 183.7 MSEK. Subscribers rose 1.6% to 430 056. Launch in Norway initiated with new titles and features.
Digital media company Readly intends to leave Nasdaq Stockholm for First North. Mats Brandt resigns as CEO of Readly with immediate effect In agreement with the company's...
Cafeyn Group has announced the acquisition of Readly's non-Nordic operations and strengthens its position as a European leader in trusted information and entertainment. Laurent Kayser...
Deal brings 2.5 million users and €100M combined revenues as Cafeyn expands its reach and strengthens position against digital newsstand rivals.
Bonnier presents a bid for Readly, which sells a digital subscription service for magazines and periodicals. The premium is almost 90%. At the same time, Readly acquires the Bonnier-owned competitor...
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