Kahoot! jumps after solid Q2 results

Kahoot ASA

11/08/2022 08:51

** Shares in Kahoot!  KAHOT.OL  soar more than 16% after the
Norwegian game-based learning platform provider reported strong
second-quarter results  urn:newsml:reuters.com:*:nFWN2ZMBQ7
    ** The company posts an 81% year-on-year rise of invoiced
revenue and adjusted EBITDA growth of 65% 
    ** The group's learning platform, Clever, contributed around
one third of the $37.2 million quarterly invoiced revenue
    ** JPMorgan says the group's results are "solid with
slightly better margins" 
    ** The broker does not expect material change to consensus
at this point, adding that "continued execution is key to
restore confidence"
    ** The stock, which is up around 40% quarter-to-date, is the
top performer on the Oslo blue-chip index  .OBX 

 (Reporting by Marta Frackowiak)
 ((marta.frackowiak@thomsonreuters.com))