Brief: Kahoot Sees Continued Year-On-Year Growth In Billings In Q3

Kahoot ASA

17/08/2023 07:37

Aug 17 (Reuters) - Kahoot ASA  KAHOT.OL :
    * IN Q2, NET 3,000 NEW PAID SUBSCRIPTIONS WERE ADDED, REACHING 303,000 IN TOTAL PAID
SUBSCRIPTIONS, UP 12% YOY
    * OUTLOOK 2023: FY 23 CONTINUED DOUBLE DIGIT YOY GROWTH IN BILLINGS DELIVERING RECOGNIZED 
REVENUES EXCEEDING $170M WITH MODEST ANNUAL GROWTH IN OPERATIONAL COST BASE, ADJUSTED EBITDA
EXCEEDING 40% YOY GROWTH WITH SOLID FREE CASH FLOW
    * IN Q2 NET NEW 20K PAID SUBSCRIPTIONS FOR THE SECOND QUARTER, OF WHICH 17K FROM
PROFESSIONAL USER
CATEGORIES
    * OUTLOOK 2023: CONTINUED DOUBLE DIGIT YEAR-ON-YEAR GROWTH IN BILLINGS DELIVERING RECOGNIZED
REVENUES EXCEEDING $170M WITH MODEST ANNUAL GROWTH IN OPERATIONAL COST BASE, AND ADJUSTED EBITDA
EXCEEDING 40% YEAR-ON-YEAR GROWTH WITH SOLID FREE CASH FLOW
    * SECOND QUARTER SAW KAHOOT! TAKING USER-CENTRICITY TO THE NEXT LEVEL BY LAUNCHING SEVERAL 
NEW
AI-POWERED FEATURES, INCLUDING OUR QUESTION GENERATOR
    * OUTLOOK Q3: CONTINUED YEAR-ON-YEAR GROWTH IN BILLINGS DELIVERING RECOGNIZED REVENUES OF
APPROX.
$43M WITH MODEST QUARTERLY INCREASE IN OPERATIONAL COST BASE RESULTING IN YEAR-ONYEAR
IMPROVEMENT IN ADJUSTED EBITDA AND FREE CASH FLOW
    * UNDER CONTINUED CHALLENGING MARKET CONDITIONS WITH A CAUTIOUS SPENDING ENVIRONMENT, THE
GROUP’S
DIVERSE BUSINESS PROVED RESILIENT, WITH THE CORE KAHOOT! SERVICE DELIVERING PARTICULARLY SOLID
GROWTH

Source text for Eikon:  ID:nObiDHCvJa 
Further company coverage:  KAHOT.OL 

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