In conjunction with the scheduled company presentation for the Annual General Meeting on June 8th, Kahoot! AS is updating the guiding for Q2 and FY 2020.
Guiding Q2 2020
Invoiced revenue for the Kahoot! Group is expected to reach $9m in Q2 2020, representing 290% growth compared to Q2 2019, and 40% growth compared to Q1 2020.
Cash flow from operations in Q2 2020 is expected to exceed $2m.
Number of active accounts LTM are expected to reach 19m by the end of Q2.
Paid subscriptions are expected to exceed 260K by the end of Q2.
Guiding Full Year 2020
For the full year 2020, the Kahoot! Group currently expects invoiced revenue in the range of $32m-$38m. Invoiced revenue for 2019 was $13m as reported, and proforma invoiced revenue including acquired units for 2019 was $15m. Number of active accounts for the FY 2020 are expected to exceed 20m. Paid subscriptions are expected to exceed 320K by the end of 2020.
Main listing
The company is preparing for a main listing at Oslo Stock Exchange in Q1 2021.
For further information, please contact:
Eilert Hanoa, CEO
Phone: +47 928 32 905
Email: eilerth@kahoot.com
Ken Østreng, CFO
Phone: +47 911 51 686
Email: keno@kahoot.com
About Kahoot! Kahoot! is on a mission to make learning awesome! We want to empower every child, student and employee to unlock their full learning potential. Our game‐based learning platform makes it easy to create, share and play learning games driving compelling engagement. In addition, our family of apps takes math learning to a new level and empowers children to learn to read through play. Launched in 2013, Kahoot!’s vision is to build the leading learning platform in the world. Over the past 12 months, 218 million games were played on the Kahoot! platform with 1.3 billion participating players in 200 countries. The company is headquartered in Norway with offices in the US, the UK, France and Finland. Let’s play!