CLIQ Digital

CLIQ Digital (SCALE: CLIQ)

Currency in EUR

Last close As at 17/03/2023

EUR28.30

▲ −0.60 (−2.08%)

Market capitalisation

EUR188m

Overview
Price performance
Financials
Research
Sector insights
Thematics

CLIQ Digital sells subscription-based streaming services that bundle movies and series, music, audiobooks, sports and games to consumers globally. In FY22, 37% of sales were generated in Europe, 57% in North America and 6% in other regions.

Demand for mobile entertainment has grown rapidly over the last decade, boosted by increased smartphone penetration, now at 83% of the global population (Statista). While boundaries between types of content are becoming increasingly blurred, mobile gaming is the largest segment. The larger content subscription services have been struggling to maintain momentum in their subscriber base and delivery of perceived value to the consumer is become a more important consideration.

Latest Insights

TMT

27.02.23

CLIQ Digital — Streaming ahead

TMT

01.02.23

CLIQ Digital — Progress made against KPIs

TMT

09.11.22

CLIQ Digital — Continuing to execute on strategy

TMT

05.08.22

CLIQ Digital — Making CLIQ a household name

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Sector

TMT

Equity Analyst

Fiona Orford-Williams

Director, TMT

Key Management

Ben Bos

Board member
Sebastian McCoskrie

Head of IR

Balance Sheet

Forecast net cash (€m)

20.3

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(0.9)	20.4	25.4
Relative	2.9	11.8	21.0
52 week high/low	€32.9/€16.6

Financials

CLIQ Digital’s FY22 update showed strong year-on-year growth across all KPIs, as it continues to roll out its subscription-based bundled-content streaming services. The results were broadly in line with our expectations and CLIQ finished the year with a stronger-than-expected net cash position of €10m. Looking ahead, driven by continued investment into marketing and content, management expects FY23 revenue and EBITDA to exceed €345m and €50m, respectively, reflecting growth of at least 25% and 15%. We are reviewing our numbers following the publication of the annual report on 21 February.