Massive FY'24 guidance cut / recommendation under review CLIQ released appalling preliminary Q1’24 results, especially on the margin side, and significantly adjusted its FY’24 guidance that had been issued only two months earlier. On the back of the implied limited visibility on the operational developments we put the rating Under Rev [ … ]

Solid FY figures & sizable share buyback; est. & PT chg. Topic: CLIQ reported final FY23 figures on Thursday (update on prelims from Feb. 5th) and announced a € 13m share repurchase program. Here are our key takeaways: Strong bundled content share boosts higher-LTV customer base. At 94% of FY23 total revenues (88% in FY22), bundl [ … ]

Solid FY prelims & strong cash generation; est. & PT chg. This week, CLIQ released solid preliminary FY'23 results, marked by a slightly softer-than-expected top and bottom line, but strong cash generation: Sales: FY'23 sales were up 18.2% yoy to € 326.4m (eNuW: € 331m), albeit below expectations due to a slower-than-expecte [ … ]

Analyst teach-in highlights data-driven content distribution On Friday, November 17th, CLIQ hosted its first ever analyst teach-in, a welcome step in increasing transparency. Here are our key takeaways: Savvy performance marketing as USP. While CLIQ offers streaming content, it is anything but a mere streaming platform; its main competitive e [ … ]