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​Financial Times ranks Readly as one of Europe's fastest growing companies

Press release   •   Mar 05, 2019 07:30 GMT

Readly, the digital magazine subscription service, has been ranked in the top 200 of the Financial Times 1000 list of fastest growing companies in Europe.

With absolute revenue growth of 723 percent in the last year, Readly ranks in the top layer of the overall list at 186th place and sits alongside businesses such as Deliveroo, Hellofresh and VIRTUS.

The complete report "FT 1000: Europe’s Fastest Growing Companies" to be published on March 25th 2019 ranks Readly as the second fastest growing Swedish company and the 7th fastest growing company in the media category.

The companies named on the third annual FT 1000-list have been ranked based on growth, number of employees and revenue between 2014 and 2017. Technology businesses and web-savvy retailers both feature highly on the list.

Jörgen Gullbrandson, CEO of Readly, comments:

“To be named as one of Europe’s fastest growing companies is an acknowledgement for the digital magazine sector and it shows how the market is starting to mature. There’s been plenty of talk about digital film-and music services these past years, so I’m pleased to see the top listings going to digital services that push for written, curated content and the development of this as the industry moves forward.”

Readly growth and milestones in the past year:

  • November 18': Readly continued the global expansion launching in the Netherlands
  • September 18;: ‘Readly Exclusive’, a new exclusive content feature, was launched
  • August 18': Swedbank Robur and Zouk Capital invests 10€m in Readly.
  • Readly is today the leading service for digital magazines in Europe and provides local content from seven key markets

ENDS

About Readly

Readly is a digital magazine subscription service that gives users unlimited access to more than 3,900 national and international magazines in an app for only £7.99 per month. The service is fast, easy to use and each user receives unlimited reading of up to 5 devices. Several smart features such as Favourite Selection, Article Search, and Offline Reading makes it easier for the user to make full use of Readly. Readly was founded in Sweden in 2013 and has over 50 employees. Readly’s app is available across several markets and expanding globally.

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