As of April 30, 2024, Xplora Technologies had 262k paying subscriptions, a 51% increase from April 2023 (173k).
This month highlight:
- 15K new subscriptions (gross)
- The mobile subscription base in Germany is now on par with Finland and Denmark
We expect our churn rate to be consistent with historic numbers, but now churning from a higher subscription base.
We commit to providing monthly updates on subscriptions until the end of Q2 2024, with a reassessment thereafter.
Note: Subscriptions encompass connectivity plans (mobile subscriptions), premium services, telco operator revenue share, 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, sten.kirkbak@xplora.com
Knut Stålen, CFO, +47 92043458, knut.stalen@xplora.com
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.
