Xplora's monthly subscriptions update shows that the Xplora Kids subscriber base for April 2026 ended at 480k (Xplora does not give a split for the subscriber base). The company continued its strong conversion of new subscribers with a gross inflow of 19k in April (in line with April 2025) and increased its subscriber base by 113k y/y. The +6k m/m development is in line with seasonal fluctuations and see a neutral read to our Q2 estimate, where we expect 495k subscribers for the Kids segment.