Xplora's Q2 revenue came in at NOK 422m in a seasonally neutral quarter, -9% lower than consensus. Gross profit came in at NOK 228m, -5% weaker than consensus. Opex was higher than consensus, and EBITDA came in at NOK 49m, 7m lower than consensus driven by increased employee expenses and other operating expenses y/y. Xplora Kids segment reported device activation of 127k in the quarter, up 3k y/y, signalling a slight uptick in demand for their devices. As reported in advance, subscriptions have now reached 502k, taking Xplora beyond the halfway mark towards their goal of roaching one million subscriptions.
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