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Third party research

Xplora: Q3 subscription update - Nordea

Xplora Technologies

This is a third party research report and does not necessarily reflect our views or values

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Xplora's monthly subscriptions update shows that the Xplora Kids subscriber base for Q3 2025 amounted to 443k (Xplora does not give a split for the subscriber base). The company continued its strong conversion of new subscribers with a gross inflow of 82k in Q3 and increased its subscriber base by 117k y/y and 50k q/q. The reported Q3 subscriber base of 443k was 4% above our estimate of 426k, and we expect positive revisions ahead of the Q3 report.
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