§  Addition of high-quality children’s streaming content newly licensed

§  Fix&Foxi (amongst others) to attract a new, younger target audience and family viewing

§  New positioning enables tapping into further DACH market growth potential

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports, movie and games content, announces the addition of new family streaming entertainment services (kids’ content) to its All-in-One content portals in Germany, Austria and Switzerland.

The new license agreement with Your Family Entertainment AG adds around 70 hours of high-quality series and films for children to CLIQ’s current library. The new kids’ content includes well-known series and characters, such as Fix&Foxi, Fairly Odd Parents (Cosmo and Wanda), Tales from the Crypt (Geschichten aus der Gruft) and Country Mouse and City Mouse (Landmaus Stadtmaus).

According to a Goldmedia analysis, the demand for digital entertainment products in Germany is high. Revenues of paid video-on-demand providers in Germany rose by +28% year-on-year to €3.0bn in 2020. In 2021, growth is expected to remain high at +25% year-on-year and amount to €3.8bn. The lion’s share of this, namely 83%, is accounted for by SVoD services (subscription video-on-demand). Quality content for children is increasingly important, especially as co-viewing sessions between parents and children are likely to increase. In a recent study by nScreenMedia, two-thirds of parents said they expect time spent with their kids watching TV/movies to remain the same or increase once the pandemic is over.

Your Family Entertainment AG is one of the leading producers and distributors of high-quality programmes for children and families. With over 3,500 half-hourly programmes, it owns and operates one of the largest independent libraries in Europe. The company focuses on engaging, educational, and entertaining content, which is free of violence. Furthermore, Your Family Entertainment AG operates the award-winning pay-TV channel Fix&Foxi TV on four different continents, the free-to-air channel RiC TV, its international pay-TV version RiC.today as well as several mobile TV streams and digital channels worldwide.

Statement from Ben Bos, member of the Management Board:

“I am very pleased to see our content strategy progressing as planned and our catalogue growing further to cater for more family viewing. This license agreement is just the start of a new expansion into family entertainment with a greater focus on children’s content. Family watch-time and co-viewing are both still very popular and very much alive. With this and further catalogue enhancements, our All-in-One store in the DACH region will gain more traction and grow its member numbers even faster. This first family content is now live and will help support the already very satisfactory business development we are currently seeing in the second quarter 2021.”

Quarterly Highlights:

§  Total Group sales increase by 49% to €30.1 million

§  European gross revenue up 11%

§  EBITDA grows to €5.3 million (+142% against PY)

§  18% EBITDA margin (PY: 11%)

§  €0.50 EPS (PY: €0.18)

§  €4.7 million free cash flow generated (PY: €0.1 million)

In the first quarter 2021 (01/01-31/03/2021), CLIQ Digital generated gross revenue of €30.1 million (PY: €20.2 million). This corresponds to an increase of 49% compared to the first quarter of the prior year. CLIQ grew its market share across all regions and reported increasing member numbers. Notably, European sales grew by 11% on the back of increased own media buying activities across Europe and sales growth in North America remained high at 102% year-on-year. Near the end of the quarter, the All-in-One portals worldwide saw an upgrade in the sports content and the introduction of the games category. In addition, the flagship store in Germany was significantly upgraded with Hollywood blockbusters.

CLIQ Digital’s EBITDA grew by 142% to €5.3 million (PY: €2.2 million). One of CLIQ’s pivotal KPIs for revenue growth is marketing spend, which increased to €9.1 million (+17%, PY: €7.8 million). All in all, the 1Q 2021 EBITDA margin (in per cent of gross revenue) was 18% compared to 11% in last year’s first quarter.

Net result came in 129% higher than in prior year’s first quarter and totalled €3.5 million (PY: €1.5 million). On the back of the acquisition of the remaining shares (20%) in Hype Ventures B.V., which was announced on 28 April 2021 and is effective as of 1 January 2021, the fully diluted EPS was €0.50 in the first quarter 2021 (cf. €0.18 in 1Q 2020).  

* fully diluted

As at quarter-end closing, the CLIQ-Factor was 1.56x (PY: 1.61x). The CLIQ-Factor is used as a key indicator for measuring the profitability of the new members and represents the ratio of the net revenue divided by the member acquisition cost.

The Customer Base Value (CBV) came in at €36.5 million (PY: €29.0 million) at the end of the first quarter of 2021. The CBV is based upon the number of members multiplied by each individual remaining lifetime net value (adjusted for payment service provider cost).

Balance sheet & Cash flow:

The business development in the first three months resulted in a free cash flow of €4.7 million. This resulted in a cash position of €5.6 million as at 31/03/2021.

* bank borrowings include an amount of €0.2 million capitalised finance expenses. Actual bank borrowings amounted to €4.0 million

Statement from Ben Bos, member of the Management Board:

“2021 kicked off just as we had expected. We significantly upgraded our content offering with games, Hollywood blockbusters and a great sports relaunch. We onboarded amazing new people to drive our business further and faster. And we just signed a minorities’ buyout, which will give us about a third more earnings per share and considerably more flexibility. All in all, the year has started in a perfect way to realise our 2021 goals!”

Earnings call details:

Management Board member, Ben Bos, will present CLIQ Digital's 1Q 2021 financial results during an earnings conference call (audio only) today at 2.00 p.m. CEST, which will be conducted in English.

To attend the call, participants are required to register by clicking on the link below and will then receive personalised dial-in details:

https://us02web.zoom.us/webinar/register/WN_4I51umLtTPC9_9xgQHQJVQ

Management will answer questions submitted via email to investors@cliqdigital.com no later than 60 minutes prior to the call. A recording of the webcast will be available following the call at https://cliqdigital.ag/investors/financials.

Please note:

The 1Q 2021 financials are unaudited and not subject to review. To provide a better overview in the tables, decimal places have been partly omitted. Therefore, rounding differences can occur. In case of doubt, the English version shall prevail.

§  Dividend of 46 cents per share approved

§  Excellent operational development in 2020

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports, movie and games content, successfully concluded today its first ever virtual Annual General Meeting.

Statement from Ben Bos, member of the Management Board:

“The CLIQ Group can look back on 2020 as a year of outstanding strategic and operational success. We have worked hard, and we have delivered. In 2020, we made great progress by decisively advancing and growing its business strongly. We achieved all our goals for the year and now our focus is to build on this success and take the company to the next level.”

Ben Bos explained in detail the company’s business development and market environment in 2020 as well as the company’s growth drivers and outlook for 2021.

The Annual General Meeting passed all resolutions in accordance with the proposals of the administration. In particular, the shareholders approved the proposed dividend distribution of €0.46 per share. Furthermore, the actions of the management board and the supervisory board in the business year 2020 were approved. About 35% of the total voting capital was present.

Financial calendar 2021:

§ Buyout of 20% minority interest for €6m cash consideration, earn-out of approx. €0.8m and issuance of 320,000 new shares

§  Materially positive effect expected of around 30% higher earnings per share (EPS) and sustainable impact on Group’s net result

§   Enables greater efficiencies in its group structure

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports, movie and games content, announces the buyout of the 20 per cent minority shareholding in the extremely successful Hype Ventures B.V. with yesterday’s signing.

Hype Ventures B.V. is an Amsterdam-based Group company of CLIQ Digital AG. It provides streaming entertainment services to consumers worldwide. Hype Ventures B.V. holds 100% of the shares in a French subsidiary. One of the sellers will remain employed in the CLIQ Group.

CLIQ Digital AG will pay the following consideration: a fixed amount of €6 million and a total earn-out of approximately €0.8 million payable over two years as well as 320,000 new no par value bearer shares which will be issued to the sellers.

The 320,000 new shares will be entitled to dividends from 1 January 2021 and CLIQ Digital AG has agreed to a lock-up period after issuance of the new shares which is expected to be completed in the course of May 2021. With this capital issue, the company's share capital will increase from €6,188,714.00 by €320,000.00 to €6,508,714.00.

Financially, the buyout will affect the Group’s net result and EPS significantly and have a material, positive and sustainable impact: the pro-forma net result after non-controlling-interest of FY 2020 would have been €9.7m (+36%) versus €7.2m reported and pro-forma EPS in FY 2020 would have amounted to €1.50 (€1.16 reported).

Operationally, the CLIQ Group is now able to govern its structure more efficiently by aligning the interests of the management of its French subsidiary with the overall interests of the Group. Management can now better focus on making further progress on the Group’s ambitious growth plans and enhancing the customer experience and journey.

Statement from Ben Bos, member of the Management Board:
“I would like to express my sincere gratitude to the selling shareholders of Hype Ventures B.V. for their support in the development of our business and operating platform to the point where the Group's management team can now successfully take the business forward. I am very happy in particular to see Mr Rudy Robin, one of the selling shareholders, staying onboard with the Group to execute our planned growth strategy to become a key player in the fast-growing streaming entertainment market.”

NOT FOR RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

CLIQ Digital AG to purchase the remaining shares in its subsidiary Hype Ventures B.V. against cash consideration, earn-out and issuance of 320,000 new shares

Düsseldorf, 28 April 2021: Today, CLIQ Digital AG (”Company”) signed share purchase agreements to acquire the remaining shares in its subsidiary Hype Ventures B.V. representing 20% of the outstanding share capital. Hype Ventures B.V. is an Amsterdam-based group company which provides streaming entertainment services to consumers worldwide and also owns 100% of the share capital in a French subsidiary. The French subsidiary operates a full stack technology studio, which designs and builds cross platform streaming services for the Company’s content categories. As consideration, CLIQ Digital AG will pay a fixed amount of EUR 6 million in cash as well as an earn out of approximately EUR 0.8 million over 2 years. Furthermore, CLIQ Digital AG agreed to issue to the sellers 320,000 new shares.

Against this background, the management board of the Company intends to resolve, subject to the approval of the supervisory board, to increase the Company's share capital from EUR 6,188,714.00 by EUR 320,000.00 to EUR 6,508,714.00 by issuing 320,000 new bearer shares (“New Shares”) against contributions in kind in form of the remaining shares in Hype Ventures B.V., making partial use of the existing authorized capital 2019 (“Capital Increase”) in the course of today. The New Shares will be entitled to dividends from 1 January 2021. The sellers of the shares in Hype Ventures B.V. will be admitted to exclusively subscribe for the New Shares in equal parts each. A virtual supervisory board meeting is scheduled for today at which the approval of the management board’s resolution to effect the Capital Increase shall be resolved.

The acquisition of the remaining shares in Hype Ventures B.V. will have a material positive effect on CLIQ Digital AG’s net result and earnings per share. In terms of earnings per share, the Company estimates the positive effect to around 30% (based on the reported numbers for the business year 2020 on a pro-forma basis). 

The acquisition, in the opinion of the management board of the Company, further enables the Company to realise sustainable efficiency enhancements by aligning the interests of the management of Hype Ventures B.V.’s French subsidiary with the overall interest of the group. 

Important notice

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America (the "United States"). This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration requirements under the Securities Act. No public offering of securities is being made in the United States.

§ Edison calculates a €69.22 fair value of CLIQ Digital by its peer valuation approach

§  CLIQ’s research coverage now extended to five reputable brokers

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports, movie and games content, is pleased to announce that as of today Edison has assumed research coverage and values CLIQ Digital’s shares at €69.22 on the basis of a peer valuation.

Edison provides a world-renowned equity research platform with deep multisector expertise and research, which is widely read by international investors, advisors and stakeholders. Principally, Edison does not issue target prices nor share recommendations but derives fair values from both a peer valuation as well as a DCF approach.

Fiona Orford-Williams, Edison’s media analyst, opined that “CLIQ’s share price performance has been extremely strong as the market has grasped the scale of the opportunity and management’s success to date in monetising it.” Furthermore, “CLIQ Digital has started to deliver on its strategy, with several guidance upgrades, and the share price has responded very strongly, climbing 669% over the last year. The rating nevertheless remains at a discount to other global entertainment and customer acquisition peers on EV/Sales, EV/EBIT and P/E.”

Statement from Ben Bos, member of the Management Board:

“I am delighted to now have Edison on board to cover CLIQ. The addition will increase the quality of our research and extend the outreach of our equity story to new investors in more geographies around the world.”

CLIQ Digital shares are now covered by a total of five reputable research companies:

As at 28 April 2021

All research studies are available at: https://cliqdigital.ag/investors/financials#investors-financials-analysts

§  Expert content manager from global innovation leader to grow the All-in-One offering

§  New head of M&A (ex Endemol) to support non-organic growth strategy

§  New hires in 2021 to optimise and speed up the own media buying initiatives in Europe

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports, movie and games content, is very proud to announce the recruitment of new employees to support the company’s ambitious growth plans in 2021.

From April on, 14 new employees have assumed important roles within the CLIQ Group to support the growth plans of the company. The new hires have been appointed across various countries and numerous divisions including marketing, product management, tech support and M&A. The new employees will contribute profound expert knowledge in their respective fields and many years of relevant work experience. One of the new senior product and content managers worked previously at a world-famous tech company dedicated to making the best products on earth. A former Endemol M&A executive has been hired to prepare and execute the company’s non-organic expansion programme.

The own media buying team will be directly supported by new digital marketing and campaign managers and indirectly by numerous other new employees, including further business analysts and project managers. The optimisation and growth of the All-in-One store will be additionally staffed by a new alternative billing specialist, who worked for many years at a fintech and several portals and product managers to enhance the membership experience of our All-in-One stores.

Statement from Ben Bos, member of the Management Board:

“The buzz and engagement of our CLIQers – both our long-standing as well as our new colleagues - is so exhilarating and motivational and makes every day more meaningful and rewarding. Our investment in experienced and new talent will significantly support our expansion programme going forward and take CLIQ Digital to the next level. We are convinced that our products, our service and our company will significantly profit and grow from our new appointments.”

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports, movie and games content, will announce its First Quarter 2021 earnings on Thursday 6 May 2021.

Management Board member, Ben Bos, will present CLIQ Digital’s 1Q 2021 financial results during an audio conference call. This earnings call will commence at 2.00 p.m. CEST and be conducted in English.

The quarterly statement and a slides deck to accompany the earnings call will be published at 7.30 a.m. CEST on: https://cliqdigital.ag/investors.

Participants are kindly requested to register for attending the call (and will then receive personalised dial-in details) by clicking on the link below:

 https://us02web.zoom.us/webinar/register/WN_4I51umLtTPC9_9xgQHQJVQ

Ben Bos will answer questions submitted via email to investors@cliqdigital.com no later than 60 minutes prior to the call.

A recording of the webcast will be available following the call at https://cliqdigital.ag/investors/financials.

Financial calendar 2021:

• 2020 audited consolidated financial statements confirm preliminary figures released on 9 February

• All company targets exceeded thanks to structural growth drivers
• Net result for 2020: €10.4m (PY: €3.9m) up by 168%; EPS: €1.16 (PY: €0.36)
• Dividend of €0.46 (PY: €0.28) per share to be proposed to AGM
• Strong outlook supports profitable growth strategy

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, games, sports and movie content, publishes today its annual report 2020 including the outlook for 2021 and announces its dividend proposal.

Statement from Luc Voncken, CEO:

“2020 was a breakout year for CLIQ – a real game changer. Our growth resulted first and foremost from our business strategy and its execution and is structural. With our strategic shift in media buying from affiliate marketing to our own, direct buying team and the investments made in our streaming content services, we laid the foundation for a sustainable growth path.”

The audited 2020 financials are in line with the preliminary results announced on 9 February 2021: Sales and EBITDA grew against prior year by 69% to €107.0m and 177% to €15.9m respectively. The EBITDA margin was 15% p.a. (in per cent of gross revenue) and the annual marketing spend was €34.2m (PY: €22.2m). The net result for the period increased by 168% to €10.4m and earnings per share amounted to €1.16. According to the company’s dividend policy (40% payout ratio), the Management and Supervisory Boards propose distributing a dividend per share of €0.46 (PY: €0.14 basic dividend and €0.14 bonus dividend distributed) to the next Annual General Meeting on 29 April 2021.

CLIQ Digital’s strong balance sheet reported an equity ratio increase to 72% (PY: 68%) and a net cash position of €0.9m against a net debt position of -€9.6m as at the year-end closing 2019. The strong cash inflow from operations in particular led to a positive free cash flow of €10.5m notwithstanding the dividend payment of €2.1m.

Outlook 2021:

Based on CLIQ Digital’s successful business strategy, the company is expecting to increase its gross revenue to at least €140m in FY 2021 on the back of approximately €46m marketing spend and thereby generate an EBITDA of around €22m, which results in a margin of c.16% p.a.

Statement from Ben Bos, member of the Management Board:

“We firmly believe that consumer habits and behaviour with regards to the demand and consumption of digital entertainment are truly sustainable and will fully support CLIQ’s growth plans going forward. One of the biggest growth drivers in 2021 will continue to be our All-in-One offering to all our members, which will be further rolled out around the world. CLIQ Digital will continue to strive for operational excellence and focus on improving and expanding its streaming entertainment services. We are well on track to gain more market share and grow our business to the next level.”

For more information, please refer to our Annual Report 2020 and join today’s earnings call with corresponding slides deck.

Earnings call details:

Management Board member, Ben Bos, will present CLIQ Digital's FY 2020 financial results and FY 2021 outlook during an audio conference call. This earnings call will commence today at 2.00 p.m. CET and be conducted in English.

To attend the call, participants are required to register by clicking on the link below and will then receive personalised dial-in details:

https://us02web.zoom.us/webinar/register/WN_VbARpPKrQwq-_gwJZntoLg

Management will answer questions submitted via email to investors@cliqdigital.com no later than 60 minutes prior to the call. A recording of the webcast will be available following the call at https://cliqdigital.ag/investors/financials.

§  All-in-One portal now includes core & casual games for the whole family

§  New games category will address additional market and target audiences worldwide

§  Global video games market expected to reach $221 billion in 2025

§  Unlimited access to high-quality titles from leading publishers and indie games across all genres

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports and movie content, is proud to announce the official start of its fifth and newest content category: games.

Games are expected to be one of the fastest growing digital media markets worldwide. The global gaming market was valued at $136 billion in 2020 and is estimated to reach a value ranging between $221 billion and $257 billion by the end of 2025.

By entering a partnership with Utomik (Utomik.com), a game subscription service currently offering 1200+ high-quality, handpicked games from myriad publishers like 2K Games, THQ, Deep Silver, Epic Games and independent game developers worldwide, CLIQ now grants its members access to endless gaming entertainment.

In addition, great desktop games and true classics for the whole family across all genres and age groups are included. The overall games content will appeal to both core and casual gamers, both as single and multiplayer.

Some noteworthy titles include Borderlands, Risen 3, Saints Row IV, Metro 2033, Hitman: Absolution, Operation Flashpoint, Darksiders 2, Adventure Time, Outcast – Second Contact, Deponia and Warhammer: Chaosbane.

CLIQ’s monthly subscription price now includes unlimited, ad-free access to all the  games content on Utomik. Utomik is responsible for the technical implementation and curating the games catalogue. Members are required to install the Utomik client, through which the games are managed and played.

Statement from Ben Bos, member of the CLIQ Management Board:

“Games marks a further milestone in our strategy to increase and improve our portal content offering. The high quality, broad range and something-for-everyone fully underscores CLIQ’s growth path going forward. We want to become more appealing, more entertaining and more important for both our existing and new members across all age groups and genders.”

Statement from Richard van Barneveld, director of business development at Utomik:

“As part of Utomik’s growth strategy, we’re happy to partner with CLIQ. Together we can combine our strengths to bring our entertainment to many more customers and markets.”

§  New content increases CLIQ’s film library and drives eyeballs to a more attractive destination store

§  Major relaunch of a wider and more compelling range of sports content

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports and movie content, is pleased to announce the official start of the comprehensive movie and sports content enhancements in its All-in-One product offering.

From today on, members in Germany and Austria can now enjoy a wide range of Hollywood blockbusters. Sports fans across all CLIQ countries can now watch daily news, reports and highlights of the most popular sports and leagues worldwide. These new additions will contribute significantly to the attractiveness of the All-in-One store offering.

The film category now includes a completely revised library of over 1,000 selected films, including international box office hits as well as the very best in cinema made in Germany. The extended library now covers all relevant genres and offers movie entertainment for the whole family, completely in German as well as recent releases and films that have not yet been shown on TV.

The monthly subscription price includes unlimited access to all titles in Germany and Austria from CLIQ´s license partners, including credit for one blockbuster per month; additional films are available as pay-per-view transactions.

In all markets where CLIQ is active, the focus of the completely revised sports category is on six continuously updated programmes, produced by sports experts Inverleigh. The half-hour and high-quality formats deal with current topics of the most popular sports and their leading leagues; such as the Premier League, Bundesliga, Champions League, NBA, MMA, NFL and Formula 1.

In addition, CLIQ is further expanding its content partnership with Stats Perform with brief video clips with the latest news, highlights, interviews and background information on all relevant sports several times a day.

Statement from Ben Bos, member of the Management Board:

“We are very excited about the new content in our All-in-One product and increasing our members’ satisfaction with this upgrade. Our multicontent portals have now become much more attractive and a real destination one-stop shop. We are currently working on more content improvements across all categories and we expect to see even more Hollywood blockbusters and around 35,000 sports clips added to our portal in the near future as well as new compelling categories.”

NB.
On 17 March 2021, the FY 2020 annual report will be published and the audited, final FY 2020 financials as well as the dividend proposal and FY 2021 outlook will be presented by Management during an earnings call.

Financial calendar 2021:

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports and movie content, will present its audited and final Full Year 2020 financials as well as publish its Annual Report 2020 on Wednesday 17 March 2021.

The annual report, a statement and a slides deck to accompany the earnings call will be published at 7.30 a.m. CET on: https://cliqdigital.ag/investors.

Management Board member, Ben Bos, will present CLIQ Digital’s FY 2020 financial results as well as the dividend proposal and FY 2021 outlook during an audio conference call. This earnings call will commence at 2.00 p.m. CET and be conducted in English.

Participants are kindly requested to register for attending the call (and will then receive personalised dial-in details) by clicking on the link below:

 https://us02web.zoom.us/webinar/register/WN_VbARpPKrQwq-_gwJZntoLg

Ben Bos will answer questions submitted via email to investors@cliqdigital.com no later than 60 minutes prior to the call.

A recording of the webcast will be available following the call at https://cliqdigital.ag/investors/financials.

Financial calendar 2021:

§  All targets for FY 2020 surpassed with €107m revenue, €16m EBITDA, i.e. 15% EBITDA margin (PY: 9%)

§  Strong 4Q 2020 performance with 66% revenue growth across all regions and 153% increase in EBITDA compared to 4Q 2019: 17% EBITDA margin (PY: 11%)

§  Debt-free as at 31/12/2020 and €10m free cash flow generated in FY 2020, and 1.68 CLIQ Factor (PY: 1.51)

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, games, sports and movie content, is proud to announce that 2020 was the most successful year ever in CLIQ Digital’s history.

According to preliminary and unaudited figures, CLIQ Digital’s gross revenue and EBITDA in 2020 have exceeded expectations and totalled €107m and €16m respectively. For the full year, sales grew by nearly 70% and EBITDA grew by more than 177% against the prior year resulting in an EBITDA margin (in per cent of gross revenue) of 15%. The marketing spend was more than 50% higher than in 2019 and amounted to €34m in 2020.

At the year-end close, the company was debt-free on the back of €10m free cash flow generated in 2020 notwithstanding the dividend distribution of nearly €2m in the third quarter 2020. The CLIQ Factor for the full year was 1.68, compared to 1.51 in 2019, and the Customer Base Value (CBV) came in at €35 million (PY: €26 million) at the end of 2020.

In the fourth quarter 2020 (01/10 – 31/12/2020), CLIQ Digital’s gross revenue was more than €30m, which corresponds to a growth rate exceeding 65% compared to prior year’s quarter. The revenue growth was driven by all regions – with European sales gaining notable traction again – and by the fundamental shift from media buying via affiliate partners to CLIQ Digital’s own in-house teams in particular. In the fourth quarter 2020, the marketing spend totalled nearly €8m and EBITDA exceeded €5m (+153%, PY: €2m) resulting in a 4Q 2020 EBITDA margin (in per cent of gross revenue) of 17% compared to 11% in last year’s fourth quarter.

Statement from Ben Bos, member of the Management Board:

“2020 was a year of change; an unprecedented year. For CLIQ, it has been a very important and transformative year: we introduced the CLIQ-branded, All-in-One multicontent portal and executed our strategic shift in media buying from affiliate marketing to our own, direct media buying team amongst other growth drivers. Our U.S. business profited already from this shift and contributed significantly to this year’s Group results. Management is overwhelmingly proud of CLIQ’s stellar business development in 2020 and looks forward to continuing this exceptionally strong growth story. We intend to further grow our market share considerably, expand into new markets and become even more relevant to our members, business partners and shareholders.”

On 17 March 2021, the FY 2020 annual report will be published and the audited, final FY 2020 financials as well as the dividend proposal and FY 2021 outlook will be presented by Management during an earnings call.

Financial calendar 2021:

Disclaimer

This release contains preliminary, unaudited figures and forward-looking statements. These statements are based on certain assumptions and expectations held at the time this report is published. Preliminary figures and forward-looking statements are therefore subject to risks and uncertainties and may significantly deviate from the actual results. With regard to forward-looking statements in particular, risks and uncertainties are to a large extent determined by factors that are outside of CLIQ Digital’s sphere of influence and that can currently not be estimated with an adequate degree of certainty. These factors include, inter alia, future market conditions and economic developments, the actions of other market participants, the utilisation of anticipated synergy effects as well as legislative and political decisions.

CLIQ does not consider itself obliged to publish any corrections to these forward-looking statements for the purpose of adjusting them to events or circumstances that eventuate after the publishing date of these materials.