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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In short: Readly underwent a major transformation as Cafeyn acquired its non-Nordic operations while Bonnier News completed a full takeover and delisting.
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 app presents titles with the most readers per issue in different categories. The winners get a 'Top Title' badge for marketing. The initiative shows strong digital reading for publishers.
Audiences prefer deep, relevant, escapist content like lifestyle, wellbeing, culture. Key facts highlight lifestyle's top category, AI's cultural rise, escapism via puzzles, audio growth, and diverse searches.
The magazine and newspaper subscription platform Readly, sometimes referred to as the “Spotify of magazines”, has a new owner in the local market – its...
Readly has said its "performance remains strong" after its merger with Cafeyn, despite users reporting technical issues with the app.
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