ACCESS Newswire

Linkfire

Share
Linkfire Announces Q3 Report 2021

COPENHAGEN, DK / ACCESSWIRE / November 18, 2021 / Linkfire (STO:LINKFI)

Third quarter and first three quarters financial highlights

Quarter in review

  • Q3 Recognized revenue increased by 37 per cent to DKK 8.9M (Q3 2020: DKK 6.5M). The growth was driven by a consistent performance on Subscription revenue while Commission revenue grew 113% mainly rooted in a high increase in RPM.
  • Revenue on a constant currency basis increased by 42 per cent to DKK 9.1M (Q3 2020: DKK 6.4M).
  • The gross profit on a constant currency basis increased by 40 per cent to DKK 6.6M (Q3 2020: DKK 4.7M) at a gross margin of 72 per cent (Q3 2020: 74 per cent).
  • Q3 Consumer connections decreased by 6 per cent to 383M (Q3 2020: 408M) largely due to a strong Q3 performance last year, and delayed pick-up in partner traffic.
  • Traffic will always fluctuate over the quarters. YTD figures are up 5% and the overall development is in line with expectations.
  • RPM grew by 128 per cent to DKK 8.62 (Q3 2020: DKK 3.77) which is up 53 per cent from the previous quarter, largely driven by higher conversion rates stemming from focused product optimization.

Financial highlights of the first three quarters

  • In the first nine months of 2021, Recognized revenue grew by 41 per cent to DKK 23.9M (YTD 2020: 16.9M).
  • Revenue on a constant currency basis grew by 49 per cent to DKK 24.7M (YTD 2020: DKK 16.5M). All revenue growth is attributed to organic growth.
  • In the first nine months of 2021, gross profit on a constant currency basis increased by 43 per cent to DKK 17.9M (Q3 2020: DKK 12.5M) at a gross margin of 72 per cent (Q3 2020: 76 per cent).
  • Consumer connections increased by 5 per cent to 1,150M (YTD 2020: 1,090M).
  • RPM grew by 165 per cent to DKK 7.01 (YTD 2020: DKK 1.97).

Lars Ettrup, CEO, comments:
"Our year to date performance is in line with financial targets and we continue to follow our growth trajectory. We continue to invest in strengthening our market position and top line growth. Initiatives supporting this, such as increasing traffic and RPM are all key focus areas of ours. We retain our focus on expansion initiatives such as maturing our operations in Ghana and other geographical markets, growing the business organically, as well as executing the M&A agenda, most recently by acquiring key competitor smartURL."

Webcast with teleconference:
Today, 18 November, 2021 at 10.00 CET. The presentation will be held in English and the presentation material will be available on investors.linkfire.com after the webcast.

Speakers:
Lars Ettrup, CEO
Tobias Demuth, CFO

Link to webcast:
https://tv.streamfabriken.com/linkfire-q3-2021

Dial-in number for teleconference:
DK: +4578150110
SE: +46850558365
UK: +443333009266
US: +16467224956

For further information, please contact:
Lars Ettrup, CEO, Linkfire A/S
Telephone: +45 26 88 99 53
E-mail: investors@linkfire.com

About Linkfire A/S
Linkfire is the world's leading Saas marketing platform for the music and entertainment industries. Linkfire's offering consists of two solutions: the Linkfire SaaS Marketing Platform for labels and artists and the Linkfire Discovery Network connecting consumers to music products through apps and partner websites. Linkfire's platform has over 50,000 users, including the vast majority of the top 100 Billboard artists and largest record labels. In 2020, 1.5 billion consumers were connected through Linkfire and the Company's revenue amounted to DKK 24.7 million, corresponding to a year-on-year growth of 43 percent. Linkfire has 68 employees and is headquartered in Copenhagen, with additional offices in New York, Los Angeles, Lisbon and Accra. Linkfire ("LINKFI") is listed on Nasdaq First North Premier Growth Market, Sweden. For further information, please visit: linkfire.com

Certified Adviser
Aktieinvest
Telephone: +46 739 49 62 50
E-mail: rutger.ahlerup@aktieinvest.se

This information is information that Linkfire is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-11-18 08:00 CET.

SOURCE: Linkfire



View source version on accesswire.com:
https://www.accesswire.com/673562/Linkfire-Announces-Q3-Report-2021

To view this piece of content from www.accesswire.com, please give your consent at the top of this page.

About ACCESS Newswire

DK

Subscribe to releases from ACCESS Newswire

Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from ACCESS Newswire

Gun, Cocaine, and a High-Speed Chase: Luton Crime Haul Sparks Fresh Questions and Public Appeal11.7.2025 13:45:00 CEST | Press release

Officers discovered an estimated 25 kilograms of suspected Class A drugs, tightly packed and hidden in secret compartments. Alongside the drugs, they recovered a Beretta 92FS 9mm semi-automatic handgun, loaded with 38 rounds of ammunition. LUTON, GB / ACCESS Newswire / July 11, 2025 / A dramatic police pursuit through Luton on the night of June 29 resulted in the seizure of a loaded firearm and an estimated £600,000 worth of suspected cocaine. Nearly a week later, crucial questions remain unanswered, and police are still searching for individuals who fled the scene. The incident, which unfolded between 11:30 PM and 1:00 AM, began in Marsh Farm when Bedfordshire Police officers attempted to stop a vehicle as part of a proactive investigation into organised criminal activity. The driver failed to stop, sparking a high-speed chase that stretched through Dallow, Farley Hill, and eventually ended on Beechwood Road, where the vehicle was forcibly brought to a halt. Inside, officers discovere

The Battery Show Europe Showcases Global Acceleration10.7.2025 10:00:00 CEST | Press release

Europe's flagship event advancing the battery and EV industry from cell design to policy frameworks STUTTGART, GERMANY / ACCESS Newswire / July 10, 2025 / The Battery Show Europe and Electric & Hybrid Vehicle Technology Expo Europe, co-located with Energy Storage Summit Germany (ESG), welcomed over 17,000 industry professionals and more than 1,100 exhibitors to Messe Stuttgart. This combined event represents the only place where the entire advanced battery, electric & hybrid vehicle technology and energy storage supply chain can be accessed under one roof. From breakthrough technologies and policy insights to hands-on demos and global partnerships, the 2025 edition captured the rapid pace of industry evolution and the growing international significance. Keynote sessions across the three-day event featured high-profile speakers from across the battery, automotive and energy sectors, including BMW Group, Verkor, Mercedes-Benz, CATL and Shanghai Putailai New Energy Technology Co., Ltd. Th

Eagle Football Chairman John Textor Congratulates Olympique Lyonnais on Qualification for Ligue 1 and UEFA Europa League9.7.2025 18:55:00 CEST | Press release

PALM BEACH GARDENS, FL / ACCESS Newswire / July 9, 2025 / John Textor, Chairman and CEO of Eagle Football Holdings, today issued the following statement in response to the decision by the French Football Federation (FFF) to uphold Olympique Lyonnais's (OL) appeal, reversing the earlier decision of the DNCG, and confirming OL's participation in Ligue 1 and UEFA Europa League: John Textor, Chairman and majority owner of Eagle Football Holdings, stated: "I would like to congratulate our whole team at Olympique Lyonnais for demonstrating clearly what we have long known, that our great club in Lyon is financially strong and ready to continue its climb up the tables in France and in Europe. We previously cleared through a rigorous sustainability review by UEFA, and now, under the remarkable leadership of our Chair Michele Kang, OL has succeeded on appeal, in cooperation with the DNCG, to confirm our place in Ligue 1 and in Europa League." He continued, "Today's decision is a vital recognitio

Sandline Global Expands International Presence with New London Office9.7.2025 15:15:00 CEST | Press release

LONDON, GB / ACCESS Newswire / July 9, 2025 / Sandline Global, a leading provider of legal technology, eDiscovery, and litigation support services, is proud to announce the opening of its new office in London. This milestone marks a strategic expansion of Sandline's international footprint and reinforces the company's commitment to serving clients across the UK and broader EMEA region.Sandline Global Logo Sandline Global Logo The decision to establish a permanent presence in London was driven by significant and sustained demand for Sandline's services in the region. With a growing number of cross-border matters and increasing interest in Sandline's capabilities-including digital forensics, eDiscovery services, and managed review-the new location will enable the company to deliver tailored, more localized support to clients with complex legal and regulatory needs. "Our expansion into London reflects both the strength of our partnerships in the UK and our long-term vision for internation

Agassi Sports Entertainment Engages IBM to Help Elevate Racquet Sports Experience9.7.2025 14:30:00 CEST | Press release

LAS VEGAS, NV / ACCESS Newswire / July 9, 2025 / Agassi Sports Entertainment Corp. (OTC PINK:AASP), an emerging leader in sports entertainment and innovation, is pleased to announce an exciting collaboration with IBM (NYSE:IBM) which includes the planned use of AI aimed at transforming the digital landscape for various racquet sports worldwide. As two iconic brands with strong connections to racquet sports, and a shared commitment to excellence, Agassi Sports Entertainment has engaged IBM to help create what Agassi Sports Entertainment believes will be an unrivaled digital experience that caters to players and fans alike. This relationship represents a unique fusion of passion, technology, and innovation that Agassi Sports Entertainment expects will not only enhance the way people engage with racquet sports but will also elevate the sport's overall accessibility and enjoyment. Our joint efforts are planned to focus on harnessing cutting-edge technology to deliver personalized experienc

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye