Xplora Technologies: Ending the year with almost 500k subscribers - Nordea
This is a third party research report and does not necessarily reflect our views or values
Xplora's monthly subscriptions update shows that the Xplora Kids subscriber base for Q4 2025 ended at 476k (Xplora does not give a split for the subscriber base). The company continued its strong conversion of new subscribers with a gross inflow of 75k in Q3 and increased its subscriber base by 118k y/y and 33k q/q. The reported Q4 subscriber base of 476k was 2% above our estimate of 466k, and we expect positive revisions ahead of the Q4 report.