Düsseldorf, 26 November 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, games, sports and movie content, is pleased to announce that FY 2020 gross revenue and EBITDA are now likely to exceed €105m and €15m respectively. 

The upward revision of CLIQ Digital’s revenue and earnings outlook is due to stronger than expected current trading. The company is performing better this year, largely on the back of the U.S. business continuing to show convincing growth but also thanks to European sales picking up once again. One of the driving success factors remains the fundamental shift from media buying via affiliate partners to CLIQ Digital’s own in-house teams. 

The underlying marketing spend is expected to come in above €33m and the Customer Base Value (CBV) is forecasted to be at least €34m. 

In addition, CLIQ Digital is pleased to announce that as of 1 December 2020 the company will become a constitutent in the MSCI Global Micro Cap Index. The MSCI Global Micro Cap Index captures micro cap representation across 22 developed markets and CLIQ is one of twelve new German additions to the index.

Statement from Ben Bos, member of the Management Board:

“I am exceedingly proud of CLIQ’s fantastic development in 2020 and wish to extend Management’s sincere thanks to all CLIQ staffers for this exceptionally strong growth story, which already commenced way before the first Covid-19 effects took place. We are not – and have never been – a clear-cut profiteer of the Coronavirus and prefer to rely on the strategic decisions we took and the way we market our products in the fast-growing world of streaming entertainment services. Our business has always evolved with content as well as new technologies and our success drivers are customer demand and satisfaction. We are very excited about the upcoming launch of the new content in our All-in-One product portfolio.”

Düsseldorf, 26 November 2020 – The Management Board of CLIQ Digital AG has today increased the outlook for the FY 2020 gross revenue and EBITDA, which are now likely to exceed €105m and €15m respectively. Until now, the Management Board expected a FY 2020 gross revenue of at least €100m and an EBITDA of at least €13m.

The Management Board continues to expect the underlying marketing spend to come in above €33m and the Customer Base Value (CBV) to be at least €34m. 

All numbers were determined on a consolidated basis under IFRS.

CLIQ Digital continues its profitable growth on the back of strong US sales

Quarterly Highlights:

• Gross revenue increases by 77% to €29.7 million
• EBITDA rises to €4.5 million (+137% against PY)
• 15% EBITDA margin (PY: 11%)
• €0.32 EPS (PY: €0.14)
• €2.6 million free cash flow generated (including €1.7 million dividend payout)

3Q:

In the third quarter 2020 (01/07-30/09/2020), CLIQ Digital generated gross revenue of €29.7 million (PY: €16.8 million). This corresponds to an increase of 77% compared to the third quarter of the previous year. Thus, the growth rate exceeded the full year target of more than 58% for 2020.

Payment service provider costs grew at a significantly slower pace than gross revenue mainly due to more credit card acceptance as the preferred member payment means.

CLIQ Digital’s EBITDA grew by 137% to €4.5 million (PY: €1.9 million). Therein included are higher marketing expenses – one of CLIQ’s important KPIs for further revenue growth – of €9.8 million (+51%, PY: €6.5 million), which underline CLIQ’s accelerating focus on direct media buying (via an own procurement team) and the corresponding fundamental shift from media buying via affiliated partners. In addition, improving the content offering to facilitate both new member acquisition as well as extend customer retention is reported in the higher cost for content. All in all, the 3Q 2020 EBITDA margin (in per cent of gross revenue) was 15% compared to 11% in last year’s third quarter.

Net result came in 143% higher than in prior year’s third quarter and totalled €2.9 million (PY: €1.2 million).

EPS was €0.32 in the third quarter and thus 133% higher year-on-year (PY: €0.14).

As at quarter-end closing, the CLIQ-Factor remained on the same high level as at 30/06/2020, namely at 1.65x (PY: 1.53x). 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 €33.0 million (PY: €25.5 million) at the end of the third quarter of 2020. The CBV is based upon the number of members multiplied by each individual remaining lifetime net value (adjusted for payment service provider cost).

9M:

In the first nine months 2020 (01/01–30/09/2020), gross revenue increased by 71% to €76.8 million (PY: €45.0 million) and the share of European and North American revenue was equal at 46% each (PY: 81% and 11% respectively). This significant shift in geographic weighting is due to the initial focus by the company's own media buying team on the North American market.

EBITDA was up in the first nine months 2020 by 190% to €10.9 million year-on-year (PY: €3.7 million) and came in at 14% of gross revenue. Marketing spend in the same period totalled €26.2 million – an increase of 60% year-on-year. EPS increased by 226% to €0.81 after €0.25 in 9M 2019.

Net debt & Cash flow:

The business development in the first nine months resulted in a free cash flow of €6.9 million.

After netting cash and cash equivalents with bank borrowings, net debt decreased to €2.7 million compared with €9.6 million as at 31/12/2019 and €5.3 million as at the 2020 half-year-end closing.

A €10.3 million cash inflow from operating activities resulted during the first nine months of 2020, of which €4.6 million were contributed during the third quarter 2020 alone (cf. €5.7 million in 6M 2020).

Free cash flow generated during 3Q 2020 of €2.6 million included the dividend distribution of €1.7 million paid out in August. Excluding the dividend payment, the free cash flow would have amounted to €4.3 million during 3Q alone and on equal par with the free cash flow generated in the first six months of 2020.

Outlook 2020:

CLIQ Digital confirms its FY 2020 expectations as disclosed on 17 September 2020: I.e. to generate at least €100 million in gross revenue and at least €13 million in EBITDA; the marketing spend is expected to total around €33 million and the Customer Base Value to amount to approximately €34 million.

“We plan to consistently follow our profitable growth path,” said Ben Bos, member of the Management Board. “We intend to further strengthen our position as one of the leading digital lifestyle companies and shall continue to improve our content portfolio to further acquire new members and increase customer retention.”

Today, Thursday, 29 October 2020, at 11.00 a.m. CET, CLIQ Digital will host a 3Q/9M20 earnings audio call in English:

• Participants must register at:  zoom.us
• Questions to be submitted via email to investors@cliqdigital.com prior to the call.
• Webcast recording will be available following the call at: https://cliqdigital.ag/3q-9m-2020-earnings-call

You can download our Earnings Call presentation here.

Please note: The 3Q/9M 2020 financials are unaudited and not subject to review.

To provide a better overview in the tables, decimal places have been partly omitted. There-fore rounding differences can occur. In case of doubt, the English version shall prevail.

Disclaimer

This Quarterly Statement contains forward-looking statements which are based on certain expectations and assumptions at the time of publication of this report and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in this report. Many of these risks and uncertainties relate to factors that are beyond CLIQ Digital’s ability to control or estimate precisely, such as future market and economic conditions, the behaviour of other market participants, the ability to successfully integrate acquired businesses and achieve anticipated synergies and the actions of government regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this report. CLIQ Digital does not undertake any obligation to publicly release any update or revisions to these forward-looking statements to reflect events or circumstances after the date of this report.

Düsseldorf, 17 September 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, games, sports and movie content, has again raised its financial guidance for full year 2020 on the back of a continuing very satisfactory business development.

In 2020, CLIQ now expects to generate at least €100m in gross revenue (previously: €90m) and at least €13m in EBITDA (previously: €10m). This guidance hike forecasts year-on-year growth rates of 58% p.a. and 126% p.a. respectively (cf. PY: +8% and +49% respectively for FY 2019 vs FY 2018). The marketing spend is expected to total around €33m (PY: €22m) and the Customer Base Value to amount to approximately €34m (PY: €26m) in FY 2020.

CLIQ’s accelerating focus on direct media buying and fundamental shift from affiliate marketing has triggered a further notable increase in revenue growth during the current operating quarter and a subsequent boost to the EBITDA development, also resulting in a gratifying increase in new customers and the CLIQ factor (which will be released together with the Q3 figures).

“Increasing our content offering and advertising by direct marketing positively impact our company’s overall performance,” said Ben Bos. “We are pleased to see this development, which clearly underscores our strategic decisions taken in 2019 to transform and improve our direct media buying activities. Going forward, our business development is well on track to enable CLIQ to become a major provider of streaming entertainment services to consumers worldwide.”

The company will bring forward the disclosure of its Q3/9M 2020 financials and report on 29 October 2020.

Düsseldorf, 16 September 2020 – Based on preliminary calculations and the satisfactory current business development, CLIQ Digital AG’s Management raises revenue and EBITDA guidance for the full year 2020 to €100m and €13m respectively. Management expects the marketing spend to total around €33m and the Customer Base Value to amount to approximately €34m in FY 2020.

CLIQ has so far experienced a more favourable than expected higher entertainment demand primarily triggered by CLIQ’s fundamental shift in media buying, and investments made in streaming content.

The quarterly results for Q3 2020 will be published earlier than anticipated on 29 October 2020.

Düsseldorf, 9 September 2020 – The analysts of Montega have commenced coverage on CLIQ Digital (ISIN DE000A0HHJR3, WKN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services.

Montega analyst Henrik Markmann published a “Buy” rating on CLIQ Digital shares and set a target price of EUR 19.00 on the back of strong operational drivers and attractive growth prospects in the digital market for streaming entertainment services.

The coverage initiation study of Montega highlights how CLIQ Digital grows thanks to its innovative marketing strategy based on direct marketing performed by CLIQ´s own media buying team, avoiding expensive brand marketing campaigns. CLIQ Digital has been able to position itself as a full-service provider on the streaming market, offering its customers an all-in-one membership of licensed content at a very competitive price point.

“CLIQ Digital is actively participating in the current structural change of the entertainment industry and will continue to benefit from its business model also in the following years. Even though there are numerous big competitors, CLIQ Digital with its largely unique positioning as an all-in-one platform has a clearly recognizable competitive advantage. Despite the strong share price performance, however, the shares are currently trading at a P/E ratio of 9.7x or at an EV/EBIT multiple of 6.0x for 2021, so in our opinion the capital market still does not reward the full potential of the relatively cyclically resistant business model,” stated Henrik Markmann.

Including Montega, CLIQ Digital shares are now covered by a total of four renowned research companies:

All research studies are available at:

https://cliqdigital.ag/investors/financials#investors-financials-analysts

Dusseldorf, 4 September 2020 – CLIQ Digital (CLIQ.DE, ISIN DE000A0HHJR3, GSIN 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, has just added a key new team to its ranks to step up its investor relations activities:

Effective from 1 September 2020, Sebastian McCoskrie became the Head of Investor Relations at CLIQ Digital AG. Before joining the company, Sebastian gained more than 10 years of award-winning capital market communications experience at METRO GROUP and served as Managing Director and Head of the Frankfurt office at WMP EuroCom, a renowned strategic communications consultancy. He reports directly to CLIQ‘s Management Board member Ben Bos.

Sebastian will be supported by Michael Kriszun. Michael is specialised in supporting and marketing listed companies. For more than 11 years he consulted portfolio managers and wealth managers with the stock selection in the name of the private bank M.M. Warburg. Most recently he consulted at UBJ Mittelstand companies as Director Investor Relations for the capital markets.

“Investor relations represents an important channel for conveying our mission to become a major player in digital entertainment services,” said Ben Bos. “We want to be prepared in the best possible way for further profitable growth, part of that strategy also includes expanding our investor relations team. With Sebastian and Michael, we were able to attract very experienced individuals in investor relations, and I am really looking forward to working with them.”

• Annual General Meeting approves dividend proposal of 28 cents per share

• Supervisory Board re-elected by a large majority

Düsseldorf, August 24, 2020 - CLIQ Digital AG (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services, last Friday held successfully its Annual General Meeting in Dusseldorf.

The shareholders approved the proposal of the Management and resolved to pay a dividend of 28 cents per share. The distribution consists of a basic dividend of 14 cents per share and an additional special distribution of 14 cents per share as recognition of the shareholders ́ loyalty. Based on the share closing price on August 20, 2020, this results in a dividend yield of 2.5%. CLIQ Digital wants its shareholders to participate in the success of the Company. In each of the coming fiscal years 40% of the consolidated net income (after minority interests) in accordance with IFRS is to be distributed to shareholders, provided the legal requirements for this are met.

CLIQ Digital has positioned itself as an all-in-one streaming service provider in the streaming entertainment sector and further differentiated its offering in order to continue on its growth path. The success of the already implemented strategic measures can be clearly seen in the strong business development in the first half of 2020. Gross revenue increased by 67% to EUR 47.2 million in the first half of the year, while net result before minorities almost tripled year-on-year to EUR 4.4 million. The company reported earnings per share of EUR 0.49 for the first half year of 2020, which is already far above the EUR 0.36 for the full year of 2019.

“Considering the strong business development, we are pleased to be able to let our shareholders participate in the Company's success. The improved results confirm we are on the right strategic path, and we look forward to the future ahead with confidence,” says Ben Bos, member of CLIQ Digital ́s Management Board.

The election of new Supervisory Board members was also on the agenda, as the term of office of the Supervisory Board members expired at the end of the shareholders' meeting, a new election was necessary. The shareholders re-elected Dr. Mathias Schlichting, Karel Tempelaar and Niels Walboomers to their positions. The Supervisory Board members were appointed for the period until the end of the 2025 Annual General Meeting, which has to decide on the discharge for the 2024 financial year. In the constituent meeting following the Annual General Meeting, Dr. Mathias Schlichting was re-elected as Chairman of the Supervisory Board and Karel Tempelaar was re-elected as his deputy. Niels Walboomers continues to serve as a member of the Supervisory Board.

The Annual General Meeting approved the proposals of the Management by a large majority when voting on the agenda. Around 45.8% of the voting share capital was present at the 2020 CLIQ Digital Annual General Meeting.

The voting results for each item on the agenda of the Annual General Meeting will be published today, August 24, 2020, at cliqdigital.ag/investors.

• Gross revenue increased by 67% to EUR 47.2 million in H1 2020 (H1 2019: EUR 28.2 million)

• EBITDA increased by 246% in H1 2020 to EUR 6.3 million (H1 2019: EUR 1.8 million)

• Net result before non-controlling interest (NCI) almost tripled to EUR 4.4 million (H1 2019: EUR 1.5 million)

• EPS increased from EUR 0.08 to EUR 0.49

Düsseldorf, August 18, 2020 - CLIQ Digital AG (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services, today announces its business development for the first half year and the second quarter of 2020.

Strong development of all KPIs

CLIQ Digital continued on its growth path initiated in the first half of 2019, again showing a strong performance on all KPI’s in the first half year 2020 compared to the prior year period. This achievement is mainly the result of the successful implementation of the direct media buy strategy, the investments made in licensed content and the expansion in credit card payment processing. Moreover, while building an international team of creative, energetic and motivated people CLIQ Digital is able to scale the activities within the Group.

Strong revenue and earnings development

Gross revenue increased in the period January to June 2020 by 67% to EUR 47.2 million compared with EUR 28.2 million in the first half year of 2019. On a quarterly comparison, gross revenue grew even stronger by 86% to EUR 26.9 million in Q2 2020 (Q2 2019: EUR 14.5 million). Net revenue – after deduction of payment service provider costs – went up by 80% to EUR 35.3 million for the first half year 2020 (H1 2019: EUR 19.6 million) and up by 102% to EUR 20.4 million in the second quarter of 2020 compared to the second quarter of 2019 (EUR 10.1 million). The higher increase of net revenue compared to gross revenue is mainly due to the increasing number of members (customers) using credit card billing. Subsequently, the share of third parties relatively decreases as the payment service provider costs for mobile billing are relatively higher compared to credit card billing.

The strong increase in gross and net revenue was driven by both, the significant rise in marketing spend (up 66% in H1 2020 compared to H1 2019, up 78% in Q2 2020 compared to Q2 2019) combined with an improved CLIQ factor of 1.64 during the first half year of 2020 compared to 1.40 in the first half year 2019 and a growing base of members. The customers base value, an important indicator for estimating the expected net revenue based on existing members, increased to EUR 31.0 million at the end of Q2 2020 compared to EUR 24.5 million at the end of Q2 2019 and EUR 29.0 million at the end of Q1 2020. The increase of the CLIQ factor (representing the ratio of revenue to costs per member (customer) as a key indicator for measuring the profitability of new members) underlines the successful integration of the direct media buy strategy by the CLIQ Digital Group.

The strong performance has resulted in an increase of the gross margin by 81% to EUR 14.3 million compared to HY1 2019. The strong increase in gross margin resulted in an impressive increase (+246%) in EBITDA for the first half year of 2020 to EUR 6.3 million compared to EUR 1.8 million in the first half year of 2019. On a second quarter comparison EBITDA increased by 200% from EUR 1.4 million in Q2 2019 to EUR 4.1 million in Q2 2020. Net result before non- controlling interest almost tripled from EUR 1.5 million in H1 2019 to EUR 4.4 million in H1 2020. Earnings per share increased in the first half of 2020 to EUR 0,49 (H1 2019: EUR 0,08).

Positive free cash flow

CLIQ Digital was able to generate a positive free cash flow of EUR 4.3 million in the first half of 2020. This is the result of a significant improvement of the operational cash flow from EUR 2.5 million for the full year 2019 to EUR 5.7 million in the first half year of 2020.

"By taking media buying largely in our hands and making further investments in licensed content, CLIQ Digital was able to better target their customers, resulting in an increase of new members against reasonable costs and improving the profitability of our Group. Our overall performance gives us confidence to further continue our growth path and to meet our targets for 2020," says Ben Bos, member of the Management Board.

Strong Outlook 2020 confirmed

Based on the strong performance of the first half year, as well as the positive start in the third quarter, Management confirms the increased outlook as published on the 6th of July. For the full year 2020 gross revenues are expected at approximately EUR 90 million and EBITDA of at least EUR 10 million. At the same time a marketing spend of approximately EUR 30 million is expected.

Detailed financial information and earnings call

The first quarter and H1 figures for 2020 are unaudited and were not subject to review. The complete interim report is available on the CLIQ Digital AG website in the Investor Relations section under cliqdigital.com.

CLIQ Digital AG will hold a conference call in English for interested investors and members of the media at 11:00 a.m. today, August 18, 2020. To register, please send an e-mail to sh@crossalliance.de.

Düsseldorf, 9 July 2020 - The analysts of QUIRIN Privatbank Equity Research have recently published a new research update on the CLIQ Digital share (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services.

CLIQ Digital expects a stronger increase in its gross revenue and EBITDA for the year due to the high levels of marketing spend during the first six months of this financial year. During the second quarter, the Company was also able to maintain its important KPI CLIQ Factor (a key indicator for measuring the profitability of new customers) above 1.58, the number indicated in its previous outlook for this financial year 2020.After the considerably increased outlook for the current financial year, communicated by the Company’s Management on 6 July 2020, QUIRIN decided to raise its price target from EUR 10.00 up to EUR 16.00. Consequently, the analysts’ recommendation has remained “BUY”. Based on the new outlook for this year, CLIQ Digital estimates gross revenues of approximately EUR 90 million, which means a growth rate of more than 40% compared to the financial year 2019, and an EBITDA of at least EUR 10 million, corresponding to approximately 75% more than the 2019 financial year.

The analysts of QUIRIN stated that the strong improvements of CLIQ are caused by the Company´s successful media buying strategy, combined with attractive content offerings. Furthermore, a major source of growth lies in the expected increasing marketing spend from its former outlook (EUR 26 million) to approximately EUR 30 million, which should pave the way for further growth even after full year 2020.

You can find the current commentary by QUIRIN Privatbank Equity Research on the CLIQ Digital AG website under the following link:

/investors/financials

Düsseldorf, 6 July 2020 - The Management Board of CLIQ Digital AG  (ISIN DE000A0HHJR3, WKN A0HHJR) has resolved today to increase its outlook for the current financial year 2020. The Company expects a stronger increase of its gross revenue for the year due to the high levels of marketing spend in the first six months of the financial year. During the second quarter, the Company was also able to maintain its important KPI CLIQ factor above the 1.58 indicated in its previous outlook for this financial year 2020.

The Management Board now estimates that in the financial year 2020 gross revenues of approximately EUR 90 million (corresponding to a growth rate of more than 40% compared to the financial year 2019) and an EBITDA of at least EUR 10 million (corresponding to a growth rate of approx. 75% compared to the financial year 2019) will be realized. At the same time the Management Board expects a marketing spend of approximately EUR 30 million (corresponding to a growth rate of approx. 35% compared to the financial year 2019). Previously, the Management Board expected for the financial year 2020 a gross revenue of at least EUR 75 million, marketing spend of EUR 26 million and an EBITDA of at least EUR 7.5 million. All numbers were determined on a consolidated basis under IFRS.

The Company will publish its half year figures on 20 August 2020.

Düsseldorf, June 29, 2020 - The analysts of Hauck & Aufhäuser Privatbankiers AG have started coverage of the CLIQ Digital share (ISIN DE000A0HHJR3, GSIN A0HHJR).

Analyst Reports

Analyst Marie-Therese Gruebner issues a buy recommendation with a price target of EUR 17.00, based on a combination of free cash flow yield based on her 2021 estimates and a discounted cash flow model. This corresponds to an upside potential at the current share price of around 150%.

In the initial study, Hauck & Aufhäuser particularly emphasizes on the high competence and efficiency in the marketing of streaming entertainment services. The robust consumer demand for streaming entertainment services, efficient direct media buying and offering a multi-content portal will, according to the analysts, allow a doubling of the return on capital employed to more than 16% by 2022. Based on this, they expect growth in earnings per share of 44% per year on average until 2022, combined with high free cash flows, which will allow a generous dividend policy with a dividend yield of 6.2% on average.

- Proposal for a total dividend of 28 cents consisting of a basic dividend of 14 cents and an additional bonus dividend of 14 cents per CLIQ share to honor loyal shareholders

- Dividend payout ratio to be 40% of consolidated net income (after minority interests) in the coming fiscal years

Düsseldorf, June 25, 2020 - The Management Board and Supervisory Board of CLIQ Digital AG (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company offering streaming entertainment services to consumers worldwide, have decided on the fundamental principles of the dividend policy. In each of the coming financial years, a total of 40% of consolidated net income (after minority interests) in accordance with IFRS is to be distributed to shareholders, provided the legal requirements for this are met.

CLIQ Digital wants its shareholders to benefit from the company's success with a sustainable dividend policy and to increase the share's attractiveness for a larger group of investors. Over the past six years, the company has succeeded in significantly increasing its profitability with a compound annual growth rate of 30% (CAGR) on net income and by generating positive cash flows.Furthermore, the Management and Supervisory Board agreed to propose to the 2020 Annual General Meeting the payment of a bonus dividend to honor its loyal shareholders. Thus, the total amount of the dividend proposal, consisting of the basic dividend of 14 cents per share and a special distribution of 14 cents per share, amounts to 28 cents per share. This dividend (basic dividend and bonus dividend) corresponds to a dividend yield of 4.7% based on the closing price of EUR 6.00 of CLIQ Digital shares on June 22, 2020, if approved by the Annual Shareholders' Meeting. The initial resolution on the appropriation of profits, which was adopted on 31 March 2020 in connection with the preparation of the annual financial statements for the 2019 financial year and provided for the balance sheet profit to be carried forward in full, was amended accordingly. Dividend payments are planned for the coming financial years in accordance with the new dividend policy.

CLIQ Digital has positioned and differentiated itself as an all-in-one streaming service provider in the streaming entertainment sector, in order to continue its growth path. The market research company Goldmedia, for example, expects revenues from streaming services to reach EUR 4.3 billion alone in Germany this year. By 2024, the volume is expected to increase to EUR 6.5 billion. Compared to 2019, this would correspond to a growth of more than 80% in terms of revenue, at EUR 3.6 billion. Also in the area of gaming for mobile devices, experts are expecting continued positive development. The research Institute Newszoo expects the volume of the gaming market to increase at an average annual growth rate of 8.3% by 2023.

CLIQ Digital, with its membership based streaming entertainment services as well as its longstanding expertise in the games sector, is ideally positioned to benefit from the dynamic development of the market. Established research houses and banks confirm CLIQ Digital's positive development and expect profitable company growth for the future. CLIQ's membership based streaming model has the potential to generate sustainable cash flows. This is the basis for a more visible and scalable business model.

“It makes us very happy and proud to be able to share the company's success with our shareholders with a dividend after more than ten years. We have now laid the foundations for a dividend policy that meets our shareholders’ wishes for an appropriate participation without putting at risk our ability to finance our growth targets. Together with our expanded business model, we are increasing the attractiveness for capital market participants and, at the same time, enabling us to continue our growth in the promising streaming entertainment market,” says Ben Bos, member of the Management Board.

Furthermore, the Management Board and the Supervisory Board passed a resolution on the convening of the Annual General Meeting on 21 August 2020 in Düsseldorf. The Annual General Meeting is to be held as a physical meeting. However, this is subject to the proviso that the development of the COVID-19 infections allows a corresponding physical meeting at that time. The dividend is expected to be paid out on 26 August 2020, if the General Meeting adopts the resolution on the appropriation of profits as proposed.

Düsseldorf, June 17, 2020 - The Analysts of QUIRIN Privatbank Equity Research have initiated coverage on the CLIQ Digital share  (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. Based on the Company’s inspiring growth perspectives the independent analysts give a buy recommendation with a target price of EUR 10.00. This equates to an upside potential to the current share price of approx. 90%.

In QUIRIN’s initial study, analysts Ralf Marinoni and Jannik Lucas state: “CLIQ Digital to benefit from rising demand for streaming content.” QUIRIN continues: “Research institute Newszoo expects games market volume to grow at 8.3% CAGR throughout 2023e. Revenue in the Video Streaming (SVoD) segment is expected to show an annual growth rate (CAGR 20202024) of 4.1%. Revenue in the Digital Music segment is expected to show an annual growth rate (CAGR 2020-2024) of 4.6%. Given CLIQ’s sales growth over the next year, the company should outperform the market.”

The research study is available on the CLIQ Digital AG website under:

CLIQ_DIGITAL_AG_20200531.pdf

– Gross revenue increased by 47% to EUR 20.2 million in Q1 2020 (Q1 2019: EUR 13.8 million)

– Significant growth in marketing spend (plus 54%) in Q1 2020

– EBITDA increased by 108% in Q1 2020 to EUR 2.2 million (Q1 2019: EUR 1.1 million

– Results positively influenced by an improved CLIQ factor of 1.61 for Q1 2020

Düsseldorf, 15 May, 2020 - CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading direct marketing and distribution organization for digital products with its own global payment and distribution platform, today publishes its audited consolidated financial statements for fiscal year 2018 and forecast for 2019.

Strong development of all KPIs

Gross revenue increased in the period January to March 2020 by 47% to EUR 20.2 million compared with EUR 13.8 million in the first quarter of 2019. Net revenue – after deduction of payment service provider costs – went up by 56% to EUR 14.9 million for the three-months-period (Q1 2019: EUR 9.6 million). The increase in gross and net revenue was driven by the significant rise in marketing spend during 2019 combined with an improved CLIQ factor of 1.61 during the first quarter compared to 1.51 (FY 2019). The increase of the CLIQ factor (representing the ratio of revenue to costs per customer as a key indicator for measuring the profitability of new customers) underlines the successful integration of the direct media buy strategy by the CLIQ Digital Group

EBITDA for the first quarter of 2020 came in at EUR 2.2 million. This represents an increase of 108% compared to the EBITDA for the first quarter of 2019 (EUR 1.1 million).

The customer base value, an important indicator for estimating the expected net revenue based on existing customers, increased to EUR 29.0 million at the end of the first quarter of 2020 compared to EUR 26.0 million at the end of the fourth quarter of 2019.

“We have been able to impressively continue the momentum of 2019. This success is based above all on our adjusted strategy of taking media buying into our own hands as well as investments made in our content portfolio. We have made decisive progress in acquiring new customers and finding the right marketing mix in combination with our content portfolio, as can be clearly seen from success indicators such as the marketing spend and the CLIQ-factor. Now it is important to continue on our path, which is aimed at sustainable growth,” says Ben Bos, member of the Management Board.

Outlook confirmed 2020

CLIQ Digital has continued its growth path and delivered with an increase on all key performance indicators in the first quarter of 2020. The Management Board confirms its strong outlook for the financial year 2020, aiming at an organic gross revenue growth of 19% to EUR 75.0 million (2019: EUR 63.1 million) and an EBITDA growing by 30% to at least EUR 7.5 million (2019: EUR 5.8 million).

The first quarter figures for 2020 are unaudited and were not subject to review.

-2019 audited consolidated financial statements confirm preliminary figures published on Feb 13

-All key financial performance indicators show significant improvement, outperforming communicated targets

-Strong outlook for 2020: EBITDA to increase by 30% to at least EUR 7.5 million

Düsseldorf, April 2, 2020 - CLIQ Digital AG (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading direct marketing and sales organization for digital products with its own global payment and distribution platform, today announced its audited 2019 consolidated financial statements in line with the preliminary figures published on February 13, 2020.

Revenue and earnings development

CLIQ Digital generated revenue growth and a significant increase in net result in the 2019 financial year. All key financial performance indicators show a significant improvement in 2019 compared to the previous year.The key performance indicators for the year 2019, indicated in the table above, show a strong increase in numbers compared to the financial year 2018, caused by a combination of a successful media buying strategy, investments in the content portfolio and realization of synergies between the foreign subsidiaries. The financial performance increased mainly in the second half year of 2019 showing a 24% increase in gross revenue from EUR 28.2 million in H1 2019 to EUR 34.9 million in H2 2019

The increase in net revenues (gross revenues less payment service provider costs) by 13% y-o-y to EUR 44.2 million (2018: EUR 39.1 million) was driven by the higher marketing spend for the year and the higher customer profitability. Marketing spend increased by 18% y-o-y to EUR 22.2 million in the year under review (2018: EUR 18.8 million), whereby the profitability of new customers expressed in terms of the CLIQ factor also improved significantly from 1.36 to 1.51. Both marketing spend and CLIQ Factor, a key indicator for measuring the profitability of new customers, have been positively influenced by the successful direct media buy strategy resulting in an increasing number of new customers with a higher profitability.

The operating result (EBITDA) increased significantly in 2019 by 49% to EUR 5.8 million (2018: EUR 3.9 million). For the full year EPS came in at EUR 0.36, which is slightly higher than EUR 0.35 for the year 2018. On a half-year comparison, EPS increased from EUR 0.08 in the first six months of 2019 to EUR 0.28 in the second half year of 2019.

Development of KPI’s

The CLIQ factor, which represents the ratio of revenue for the first six month to costs per customer and is a key indicator for measuring the profitability of a new customer, increased significantly to 1.46 in the second quarter of 2019, compared to 1.34 in the first quarter of 2019. This resulted in an increased CLIQ factor of 1.40 In the first half year of 2019, compared to 1.38 for the same period in 2018. The customer base value, an important indicator for estimating the expected cash inflow based on existing customers, came in slightly higher at EUR 24.5 million (Q1/2019: EUR 24.0 million) at the end of the second quarter of 2019. In the second quarter of 2018 customer base value was at EUR 25.0 million.

Outlook 2020

The organic growth as shown in the second half year of the financial year 2019 also continues for the year 2020. With the focus on direct media buying, further investments in content, CLIQ Digital Group is ready to scale its activities and realize further growth in the upcoming years. Against this background, the Management Board of CLIQ Digital is optimistic for the year 2020 and expects a significant EBITDA growth of 30% to EUR 7.5 million (2019: EUR 5.8 million).

CLIQ Digital is aiming at an organic revenue growth of 19% to EUR 75.0 million (2019: EUR 63.1 million) with marketing spend increasing similarly by 17% to EUR 26.0 million (2019: EUR 22.2 million). The Management Board expects the CLIQ Factor to further increase to 1.58.

Irrespective to the expected strong organic growth CLIQ Digital could be one of the exceptions which would not be negatively affected by the COVID-19 pandemic, as it has been shown in the past that even in times of recession there is no reduction in demand for digital entertainment.

The audited Annual Report 2019 is now available for download at www.cliqdigital.com in the Investor Relations section.

- Warburg Research analyst Felix Ellmann sees no negative effects of coronavirus on CLIQ Digital AG

- In the current environment, the increasing demand for digital entertainment services opens up additional marketing opportunities for CLIQ Digital

- "Massive increase in earnings expected in 2020, combined with a quite high visibility”

Düsseldorf, March 19, 2020 - The shares of CLIQ Digital AG (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading direct marketing and sales organization for digital products with its own global payment and distribution platform, have been revalued by Warburg Research AG in a recent research update. Analyst Felix Ellmann has raised the price target to EUR 6.10 (previously: EUR 5.40) and continues to issue a "buy" recommendation: "While most companies are negatively affected by the corona virus, CLIQ Digital could be one of the few exceptions and even benefit. This is particularly interesting as the share has also suffered considerable price losses in the context of weak markets".

"In times of crisis, companies like CLIQ will benefit"

It has been shown in the past that even in times of recession there was a demand for entertainment and people still "went to the movies". Since it is one of the peculiarities of a pandemic that such public entertainment offerings are no longer appropriate or possible, this could, in Ellmann's opinion, represent an opportunity for CLIQ. Especially since it is to be expected that customers will consume more digital content since their area of life is increasingly sealed off and at the same time their willingness to pay for digital entertainments services is likely to grow.

“In the context of recessive tendencies, the purchase of online advertising could also become cheaper. This is the significant cost factor. If other digital advertisers would reduce their online media budgets this could lead to an increase in available media placements at a lower price, contributing to further growth and profitability of CLIQ Digital,” says Warburg analyst Ellmann.

Warburg Analyst Ellman continues: "The company has one of the very few business models that is likely to show a massive increase in earnings in 2020 combined with quite high visibility."

The current commentary by Warburg Research can be found on the CLIQ Digital AG website under this link.

- Gross revenues up 8% to EUR 63.1 million (2018: EUR 58.2 million)

- Net revenues increased by 13% to EUR 44.3 million (2018: EUR 39.1 million)

- EBITDA increased significantly by 49% to EUR 5.8 million (2018: EUR 3.9 million)

- Main KPI’s: Marketing expenses up 18% compared to previous year and CLIQ factor to 1.51 (2018: 1.36)

- Outlook 2020: significant (double-digit) growth in all numbers expected

Dusseldorf, February 13, 2020 – CLIQ Digital AG (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading direct marketing and sales organization for digital products with its own global payment and distribution platform, today announced its preliminary figures for the 2019 financial year.

Revenue and earnings development

In the 2019 financial year, the CLIQ Digital Group improved its key figures compared to the previous year:

According to preliminary calculations, CLIQ Digital generated gross revenues of EUR 63.1 million in the 2019 financial year compared to EUR 58.2 million in the previous year (up 8%). Net revenues – after deduction of payment service provider costs – rose by 13% to EUR 44.3 million in the year under review (2018: EUR 39.1 million). EBITDA increased significantly by 49% to EUR 5.8 million in 2019 (2018: EUR 3.9 million). The reason for the significantly improved earnings figures is the shift regarding the applied marketing strategy. In the past, the company was focused on marketing via third party partners. During the last 18 months, CLIQ Digital has significantly invested in its in-house direct media buying team. This resulted in increased marketing expenses by 18% year-on-year to EUR 22.2 million (2018: EUR 18.8 million) and at the same time significantly improved profitability (CLIQ factor).

Development of KPIs

All key figures show a significant improvement over the previous year. The CLIQ factor, a key indicator for measuring the profitability of new customers, rose to 1.51 in the 2019 financial year, compared to 1.36 in the previous year, as a result of the successful implementation of the direct media buying strategy by the CLIQ Digital Group.

The customer base value, an important indicator for the estimating of expected cash inflow based on existing customers, was EUR 26.0 million at the end of the fourth quarter of 2019 compared to EUR 25.5 million at the end of the third quarter of 2019 and EUR 24.0 million at the 2018 reporting date.

The 2019 business figures are preliminary and have not yet been audited. CLIQ Digital AG will publish detailed statements on the development of business and earnings with the final audited annual financial statements for 2019 in accordance with IFRS as well as an outlook for the 2020 financial year with the publication of its annual report 2019 on April 2, 2020.

Outlook 2020

Management is very excited about the development of the figures, especially during the second half-year of 2019. “We are confident that the increase in Gross and Net Revenue as well as EBITDA will continue in 2020 and expect a significant (double-digit) growth for the full year 2020 in all numbers,” says Ben Bos, member of the Management Board.