Thank you. Yes, welcome to another stable quarter with improved results. We can move to the next slide, please. Slide number 2. Those of you who follow us, you've seen this slide many times before, but there is something big and new on this slide this time. That is that last quarter we said 900 publishers, now we're up to over 1,000, 1,200 approximately, with 7,500 titles. We now have five offices as we added Paris to our map when we completed the Toutabo acquisition. We will get back to the Toutabo acquisition a little bit later in this presentation. Next slide, please. Some highlights of the quarter. It was a good quarter. We continued to grow stably even though we had quite tough comparables last year, and Johan will go in a little bit more about that in a while. We continue to see improved margins and results, so we're tracking well on our path to profitability further down the line. Of course, the highlight of the quarter was really first ever acquisition, whereby we solidified our European leadership by entering France, Europe's largest magazine market. We will also talk a little bit later about our growth strategy. We have many levers to pull as we counter the increase in marketing costs that many digital companies are experienced right now. Next slide, please. Slide number 4. Here is a picture of how our full paying subscriber base is developing nicely over time. We grew FPS at the end of the period by 28% year-over-year. We are now at 435,372. Next slide. Slide number 5. You all know this pie chart, where we can see that Germany continued to be strong at 39%, and that Sweden and U.K. keep competing. They are now equally on 22%, and I'm always pleased when I can tell you that the Rest of World has increased as well. It's 70% now the total pie. All the other markets are growing, and I think that is great for our further development, that it's not just three markets that are driving our growth. It's now actually 11, and going forward, it will be 12, as France will be called one of our new core markets, down the line. Johan, can you talk a little bit about our financial targets and our financial performance? Sure, Maria. Thank you. Next slide, please. Page number 6. Our revenue growth came in 2.7 percentage points below our revenue target between 30% and 35%. However, I can conclude that the year-to-date we are reporting a growth rate of 30.5% in line with our target, and our revenue target for the full year remains. I would also like to emphasize the great opportunity that Maria mentioned around Toutabo, the French company that was acquired and will be consolidated as of 2 November, and hence contribute on the total revenue side from that date, although not organic. We report a stable gross margin again of 33.5% in line with last year, and we are already close to delivering on this target, although being long term. Our path to profitability is underway, and we continue to show improved results in this report, which I will soon walk you through. Next slide, please. Page 7. Our subscriber base grew 28.2% compared to Q3 last year, ending the quarter at about 435,000 FPS. We continue to show stable subscriber growth, although slightly lower than in Q2, and this is mainly due to the comparable figures Maria mentioned from last year. Revenue in Q3 was SEK 118.9 million, and this corresponds to a growth rate of 27.3%. Germany, our largest market, continued to perform well and grew 22.2% in Q3. The growth rate in Germany decreased mainly due to currency effects and the temporary VAT reductions from 7%- 5% between July and December last year. Adjusted revenue growth was 26.2%, and we continue to see good traction in Germany. As we communicated last quarter, we saw a natural slowdown in the U.K. facing last year's tough comparable figures. However, the revenue growth in the U.K. was still 26.4%. A lower growth rate compared to Q3 last year was largely due to the favorable VAT reductions from 20%- 0% introduced in May 2020. We retain a positive long-term outlook for the U.K., although short-term marketing spend may to some extent be directed elsewhere. The development in Sweden remained stable, and revenue increased 22.8% year-over-year to SEK 26 million. Growth in other markets remained favorable, and revenue increased 42.8% year-over-year to SEK 19.4 million. We saw a particularly positive trend in Austria and Switzerland. Next slide, please. Gross profit was SEK 39.8 million, an increase by 27.2% compared to Q3 last year. This corresponds to a gross margin in line with last year of 33.5%. Gross contribution was -SEK 11.5 million, corresponding to a margin of -9.6%. This is a significant improvement compared to Q3 last year when the margin was -15%. During the past year, prices for digital advertising have increased substantially, in some cases by as much as 50% and above. We are closely monitoring prices in the digital advertising space, and we are adapting and shifting our investments wherever needed. We keep optimizing marketing spend based on unit economics and allocate resources to markets that demonstrate the best returns. We will continue to invest in marketing going forward, but we will keep a close eye on prices to make sure we deliver long-term value. Next slide, please. Page number 9. Adjusted EBITDA has improved during the year, and in Q3, we reported an EBITDA of SEK -45.7 million, an improvement compared to the previous two quarters. The EBITDA margin was -38.5%, up from -42.4% in Q3 last year and from -46.5% in Q2 this year. We're pleased to see these improvements. Personnel costs increased by around 30% to SEK 21.7 million compared to last year, and this is in line with our plans and what we have been communicating before. 2021 to be a year of investment. Back to you, Maria. Thank you, Johan. If we look at slide number 10, we signed 32 new publishers in the quarter and adding 225 new titles. You see here to the right, we typically highlight some examples. We're particularly proud of having strengthened our offer with titles that make Readly's content portfolio even more diverse in the quarter. Since in August, we welcome U.K.'s first magazine aimed at representing Black children, Cocoa Girl and Cocoa Boy. In Germany, we added several titles aimed towards largely a female audience, which also makes me really happy because, as you know, we have a lot of male readers in Germany, also a lot of female readers, but I think strengthening the female audience titles is great progress in Germany. We also, again, want to highlight our exclusive titles. We keep adding more and more exclusive content to Readly, titles that you can only find on our platform. We could welcome M3 back on the platform this past quarter, and we also did a Readly exclusive with Aktieportföljen. You know, we have talked about Boom!, a completely brand-new family title that is published in collaboration with the Egmont publisher. We have now issued three issues, and it's already showing very strong performance on our platform, on the same levels, actually, as you may know about the title called mama, which is a very strong, popular family title since a long time in the Bonnier portfolio. I think that's a great recipe for a great title. Next slide, please. We continue to execute on our partnership strategy. We added 40 new partnerships in Q3. Again, there is a theme here. We work a lot with partnerships that have the possibility to scale over multiple countries. For example, Vodafone that we launched both in the U.K. and Italy. Govia in the U.K. is within the Railway industry. I've mentioned that in the report that we are refocusing again on the travel sector as pandemic restrictions are lifting. That's a great opportunity for us. We have increased focus on strategic partnerships. For example, we are expanding our collaboration with Klarna, entering U.S. and Australia with them now. We've worked with them before. I think it's a great testimony to the value that the partners see in working with us. Lidl, again, we keep going from strength to strength and expanding now into Netherlands with them. We're in many countries with Lidl as well, just to give you a few examples. Moving to the next slide, please. Slide 12. Yes, we've talked about this before, but we cannot repeat it enough. We're so happy to have completed the Toutabo acquisition, this leading French digital subscription provider in France, the largest magazine market in Europe. Not only do they have around 1,000 titles for magazines, but also 300 titles in the newspaper space, which is very interesting, I find, as we are on the path of increasing newspaper content in several countries. This is a massive opportunity. We've said that we should enter between 1-3 markets every year. This time, we're doing it through an acquisition. I think that's also an interesting opportunity going forward, that we can enter new countries both organically, but M&A is also part of that toolbox, of course. We will integrate this company now throughout part of 2022, and looking forward to give you more updates on that going forward. If we move to the next slide, please. I wanted to take the opportunity to reiterate on our strategy and give some examples of what levers we have to pull. We have talked about a sharp increase in digital marketing prices through, for example, Facebook and Google. Of course, we are focusing on keeping return on acquisition costs under control and stay on the path to profitability through executing and balancing our different strategic growth focus areas. If you look at category excellence here, for example, it's about maintaining and further develop an attractive user proposition and remain the category leader. We already talked today about how many titles and new publishers that we've added to the platform this quarter. I think we're really showing how we're executing on that. Product innovation. We have a very loyal user base where over 40% of active users are engaging with the product every day. But there is still great opportunity to further develop the user experience, to add different dimensions of content and facilitate even more mobile use on the go as a complement to the more traditional magazine experience that so many of our users enjoy. With innovation, we can both increase an already high conversion and retention rates, but also increase our addressable market to an increasing digital audience out there. Geographic footprint. I mean, France has been on our radar for a long time, and entering France also open up great opportunities to other markets out there with large French-speaking audiences. Footprint in geographic perspective is also about how we optimize on existing markets. We have a highly professional and skilled, and focused team here, really, who continuously optimize and shift spend among existing markets when needed to protect overall LTV to CAC ratios. We've highlighted DACH region as an example where we will shift more marketing spend towards that region. New markets still poses a great growth lever in the future, and we can enter new markets organically or through M&A, as an example. Partnerships, we talked a lot about that, so I'm not gonna dwell on it too much. It is a great opportunity for long-term growth on a cost-efficient way. We are focusing on large strategic partnerships, and some of them can have longer lead times, both when it comes to sales cycles, when it comes to potential integration efforts. We still for the long term and the midterm as well, they pose a great opportunity for cost-efficient growth. Brand and marketing, of course, continue to be an important area to support growth. As mentioned, we are monitoring paid channels closely and shifting spend as necessary. Next slide, please. We're coming up on a summary. All in all, a good stable quarter. We continue to grow despite a quite tough comparable quarter. We're improving our margins. We're executing on our strategy. All markets continue to grow, and we have continued great tractions on partnerships and new content. Again, biggest event was of course entering France through acquisition. We did, as so many others, again, see sharp increase in marketing prices. We have a lot of strategic levers to pull. We have a lot of tools that will support growth over time as we just went through. With that, I would like to open up for questions. Thank you. Ladies and gentlemen, if you wish to ask a question, please dial zero one on your telephone keypads now to queue. Once your name has been announced, you can ask your question. If you find your question is answered before it's your turn to speak, you can dial zero two to cancel. Once again, that's zero one to ask a question or zero two if you need to cancel. Our first question comes from the line of Derek Laliberté of ABG. Please go ahead. Your line is open. Good morning, thank you very much. Thank you for the presentation. I was just wondering, I mean, in light of the growth in this quarter, which did face some tough comparisons, it was nevertheless below your organic growth corridor of growing 30%-35%. Noting your comment about the higher prices, I mean, if we look out long term, what makes you confident that you will be able to uphold this organic growth target over the coming years? Do prices need to come down at some point in these marketing channels or will the various tools and strategic levers that you mentioned sort of be enough to uphold that target? Thank you. Yeah. We do believe strongly in our growth strategy. I think we're showing that we're executing on all of them gradually. I think as you know, we don't really make future forward-looking statements. Again, we are still maintaining the targets of growing 30%. We did highlight that organic growth looks slightly challenging at the moment because we have to, of course, act responsibly in those situations. I think we have a great opportunity to shift marketing spend. That's one of the strengths of being such a global player that we are now. It's not just about shifting spend between markets, it's also between channels, of course. We don't make really forward statements of growth further into the future. I agree with Maria, and I can just add that, of course, the marketing prices are a concern not only for us, but for the whole industry. I mean, ultimately, what we strive for, the ultimate goal is to have a great organic intake. It's already good, but we want to go from good to great. Long term, that's why we make such big investments in product and tech, because we want organic growth to be even greater. That's what I think is the most interesting thing, not short-term acquisition intake, if you like. I can also add to that the financial goals are on an annual basis. We are growing over 30% nine months year-to-date. It doesn't mean that we haven't set financial goals by quarter. It's for a full year. Thanks for those answers. That's clear. Makes a lot of sense, of course. I was also wondering, I don't think you mentioned much about it in the report, but could you give an update on where you stand currently with primarily Readly Insight, but also if there's anything new with regards to the Readly Ads product. Thank you. With regards to Readly Insight, that's still very early stages. We are testing it, working with different publishers on that. I think many of them see great value in it, but we don't have a significant rollout to communicate at this time. I think with regards to Readly Ads, I think it's, we've talked about that before, a very interesting product, but still we see that, you know, as marketing prices increases, people who place ads need to prioritize, and then we are still slightly too small to really compete with the big marketing budgets. It's still trudging along, but we're not in a big expansion mode on Readly Ads at the moment. Thank you. Yeah, I got your comments about ads there. Just wanted to get an update. That's very clear. Yeah. Thanks. Yeah. I think finally, I was just wondering if recently sort of final piece of Bonnier's capital there, the daily newspaper Expressen, was removed. Have you seen any negative effects whatsoever from this in the fourth quarter? Will that impact the net intake, do you think, in Q4? Thank you. We don't comment on the existing quarter. What I can say, without commenting on specific publishers, we don't normally do. We didn't see any unusual churn patterns in Sweden in Q3, is what I can say. I'm also very encouraged by our collaboration with Aftonbladet. It's a very strong title, as you know, and there's a lot of people reading it on our platform. I guess that's the extent of what we've seen so far and, what we can comment on right now. Cool. I understand. Thank you very much for those answers. That's all from me for now. Thank you. Thank you. Thank you. Our next question comes from the line of Kristoffer Svenska Handelsbanken. Please go ahead. Your line is open. Thank you. Good morning, guys. If I just may follow up on that intake question that Derek mentioned the churn, but you said that you don't see any increased or elevated churn in Sweden in Q3 related to the Bonnier removal of Expressen from your platform. Looking at the intake trend, it's quite a soft quarter, I would say. I know there's some seasonality in Q3, but you have been spending a lot on marketing throughout the year, and you flagged ahead of Q2 that there were some market campaigns in continental Europe that ought to bear fruit in Q3, but we didn't really see that, right? If you could give us some color on the somewhat soft intake in Q3, that'd be great. Yeah, sure. Good morning, Kristoffer. Well, as you might have seen, if you look back in 2019 and 2020, you see the same pattern that Q3 has the softest intake, if you like. So I wouldn't be too worried about that. In Sweden, we're used to be on vacation in July, right? But I mean, further down in Europe, it's gonna be August and September, meaning the large trialist intake that we see during vacation time will convert later. So this is a natural pattern that we have seen also in the past years. And as Maria mentioned, our strategic partnership focus is of course a great long term for cost efficient growth, but I mean, it could also imply longer lead times affecting conversion. Overall, I wouldn't be too worried about this. Okay, thank you. If we look at your ARPU, that was up to the reported ARPU is SEK 93 in the quarter, up from SEK 91 in H1, right? Can you let us know what this relates to and if it is a sustainable level? Yeah, I think it's good that we see a slightly higher ARPU. I mean, we said last quarter that Q2 was a bit weaker due to we had two shorter months, and that's affecting us because you have a 30-day period that you purchase as a subscriber, and now it's sort of come up. We have of course these strategic partnerships that can imply a slower ARPU development, but it's very good for acquisition costs. I think what's really interesting is that I can clearly tell that the Readly service has been around for eight years. It was launched in 2013, and Readly has never in any market at any time increased any prices. Of course, that's an opportunity that we have ahead as well. Great. I mean, I read the CEO's, well, and you mentioned it in your prepared remarks as well, that you are targeting 30% revenue growth for 2021. That is, at least to me, some new guidance. In light of that, is there some more color you can provide on like 2022, either in terms of revenue or sub intake? Yeah. As you've been following us for a while now, we haven't really changed our position on forward-looking statements and giving forecasts. I think that's something that we would comment on at the moment. I think we have a lot of great things going on, integrating Toutabo, signing more partnerships, and so forth. It's not something that we comment more specifically on at this time. Okay, thank you. If I may just ask on the competitive landscape, of course, especially your core markets, could you provide an update there, what you're seeing? Yeah. It continues to be. I was gonna say boring because I keep saying the same thing every time, that we don't really see any big moves from anybody at the moment. I think it's remained the same. It's the same players, and we don't see any shift in the kind of competition we meet in the different markets right now. Okay. Finally, sorry for the loads of questions today. We hear a lot about the commissions from Google and Apple in their respective stores, right? They might come down, and I think Google, they're set to bring it down to 15%, from beginning next year, right? How much of an impact does this have on you, and also if Apple would do the same? Of course, it has an impact. I mean, we're a Digital company, so we have many channels, Google being one of them and Apple being another one. It has an impact. As you know, we have many growth channels, the organic one being the most important one, and Maria keep mentioning the strategic partnerships, which will hence not be affected. It does have an effect, a cost effect. We are happy about this, and we see an opportunity, of course, to see a slight ARPU increase down the line because of this. Very good. Thank you, guys. Thank you. Once again, if there are any further questions, please dial zero one on your telephone keypads now. We've just had a follow-up come up from Derek Laliberté of ABG. Please go ahead. Your line is open. Yes, thank you. I just wanted to clarify with regards to your comment in the report about the 30% target for 2021. That should just be viewed as sort of your longer term target of 30%-35% that you will be able to sort of fall within that. Is that correct or should it be seen as a new guidance, as Kristoffer mentioned? No. I mean, we don't guide, I guess is the answer. Our financial results remain. There is no new guidance. I think the comment there was we felt it was appropriate to remind people about that for 2021 as we also talk about increased marketing prices. I think that's how you should view that. Yeah. Basically just that you should grow within your target corridor for the year, basically. Just a reiteration of that. Just that we don't give forecast even for the fourth quarter, but we remain with the financial target. That's how you should view that. Great. No, that's clear. Thank you. Thank you. Currently, there are no further questions on the line, so I'll hand back to our speakers for the closing comments. Thank you, everybody. Thank you for listening in. Again, we feel proud and good about this quarter. Looking forward to speaking to you again, next time.
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