Readly

Readly

A mobile app offers thousands of magazines and journals in one place. Learn more

Launch date
Employees
Market cap
AUD102m
Enterprise valuation
AUD86m (Public information from Sep 2024)
Company register number 556921-1120
Stockholms kommun Stockholm County (HQ)

Financials

Estimates*

Edit
Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues12.9m19.0m29.0m38.5m50.6m63.9m72.9m
% growth90 %48 %53 %33 %32 %26 %14 %
EBITDA(4.9m)-(15.2m)(20.3m)(21.6m)(9.2m)<1m
% EBITDA margin(38 %)-(52 %)(53 %)(43 %)(14 %)1 %
Profit(4.9m)(5.5m)(16.1m)(21.7m)(24.2m)(13.2m)(6.0m)
% profit margin(38 %)(29 %)(56 %)(56 %)(48 %)(21 %)(8 %)
EV / revenue---6.0x0.9x0.5x0.7x
EV / EBITDA----11.3x-2.2x-3.4x54.5x

Source: Dealroom estimates

  • Edit
DateInvestorsAmountRound
-

N/A

-
N/A

N/A

Seed
*

SEK20.0m

Seed
*

€2.1m

Media For Equity

€13.0m

Series B
*

€9.4m

Early VC
*

€15.0m

Late VC
N/A

N/A

IPO
*

N/A

Acquisition
Total FundingAUD70.9m

Recent News about Readly

Edit
More about Readlyinfo icon
Edit

Readly is a digital subscription service that provides users with unlimited access to thousands of magazines and their back issues through a single subscription. The company operates in the digital publishing market, catering primarily to individual consumers who enjoy reading magazines on various topics such as politics, business, health, science, society, and entertainment.

The business model of Readly is based on a subscription service. Users pay a monthly fee to gain access to a vast library of magazines, which they can read on their smartphones, tablets, or computers. This model is advantageous for both consumers and publishers. Consumers benefit from the convenience and cost savings of having multiple magazines in one place, while publishers gain increased visibility and readership through the platform.

Readly makes money through its subscription fees. By offering a wide range of magazines from over 300 publishers, the company attracts a diverse audience, ensuring a steady stream of revenue. Additionally, the platform's availability on major app stores enhances its accessibility, making it easier for users to discover and subscribe to the service.

In summary, Readly is a digital magazine subscription service that offers unlimited access to thousands of magazines for a monthly fee. It serves individual consumers who enjoy reading a variety of topics and helps publishers increase their readership. The company operates in the digital publishing market and generates revenue through subscription fees.

Keywords: digital subscription, magazines, unlimited access, back issues, individual consumers, digital publishing, monthly fee, app stores, publishers, readership.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.

Investments by Readly

Edit
Toutabo
ACQUISITION by Cafeyn Jun 2024