CLIQ Digital announces record results for the year 2023

CLIQ Digital AG has unveiled its annual financial results for 2023, showing record sales and EBITDA amounting to 326 million euros (+18%) and 50 million euros (+16%) respectively. Net profit reached 32 million euros, resulting in an EPS of 4.90 euros (+10%). In response, the company has launched a share buyback program.

These performances reflect growth mainly driven by increased online advertising campaigns promoting bundled content streaming services, as well as a significant development in sales in North America and Europe. Despite a competitive environment, particularly in Europe, the company recorded a 27% growth in the bundled content segment.

Customer acquisition costs also increased by 21% to reach 135 million euros, a consequence of a strategy focused on acquiring new high-value members. Despite these increased costs and higher one-off operational expenses in the fourth quarter, the company's EBITDA followed the upward trend.

Looking ahead, CLIQ Digital is optimistic for 2024, expecting a sales range of 360 to 380 million euros and an EBITDA between 52 and 58 million euros, while continuing to expand its business model into new territories.