Xplora: Solid subscriber development in seasonally weak quarter - Nordea
Detta är en aktieanalys producerad av tredje part och reflekterar därför nödvändigtvis ej våra åsikter och värderingar
Xplora's monthly subscriptions update shows that the Xplora Kids subscriber base for Q1 2026 ended at 474k (Xplora does not give a split for the subscriber base). The company continued its strong conversion of new subscribers with a gross inflow of 43k in Q1 (seasonally weak quarter) and increased its subscriber base by 116k y/y. The -2k q/q development is fully in line with previous years (flat development in Q1 2025 and -2k in Q1 2024), reflecting the seasonally weaker Q1 quarter. The reported Q1 subscriber base of 474k was 0.4% above our estimate of 472k, and we expect neutral revisions ahead of the Q1 report.