Xplora Technologies AS: Monthly Subscriptions Update – October 2024
As of October 31, 2024, Xplora Technologies has 327k subscriptions, a 43% increase from October 2023 (229k). This month’s highlight:
- 11k new subscriptions (gross)
- Launched the service bundle with Freenet AG, announced 2 April 2024, generating 1k new premium subscriptions in two weeks
We expect our churn rate to be consistent with historic numbers, but now churning from a higher subscription base, we expect a more moderate net growth in subscriptions.
Note: Subscriptions encompass connectivity plans (mobile subscriptions), premium services, B2B service revenues, and service fees for Xplora smartwatches without Xplora mobile subscriptions (Nordics). Xplora has seasonal changes, especially related to Back-to-school and the Festive Season. The net growth in the subscription base will therefore fluctuate throughout the year.
For further information please contact:
Sten Kirkbak, CEO, +47 92203710, [email protected]
Knut Stålen, CFO, +47 92043458, [email protected]
About Xplora Technologies AS:
Xplora is a platform and services company and an industry leader in the market for children’s smartwatches. Xplora was founded to give children a safe onboarding to the digital life and a better balance between screen time and physical activity. Xplora’s vision is to enable children around the world to experience how their everyday activities can create value and make a positive change in the world. The company is headquartered in Norway with operations in leading European markets. Xplora is listed on Euronext Growth under the ticker symbol XPLRA.