Readly: Trust Lost, Facts Wanted

Ladies and gentlemen, let me tell you something: the world is drowning in fake news, and it's a disaster for democracy. Two-thirds of people in the UK are worried about disinformation, and half of them are concerned about fake news globally. This is a crisis, folks, and it's time to do something about it. Enter Readly, the digital magazine and newspaper app that's taking on the fight against fake news head-on.



Readly is not just another news app; it's a beacon of trust in a sea of misinformation. With 89% of people saying it's important to access news from trusted publishers, Readly is filling a gaping hole in the market. Chris Couchman, Head of Content at Readly, puts it best: "When trust erodes, uncertainty grows – and that makes societies more vulnerable to targeted disinformation. But research shows that people want trustworthy information and they are actively seeking it."

And let me tell you, Readly is delivering. Their focus on qualitative investigative journalism and fact-checking is a game-changer. People are tired of being overwhelmed by negative news and lighter content. They want clarity and manageability, and Readly is giving it to them. Almost half of people have taken a conscious break from following the news, and Readly is the perfect antidote to information fatigue.

But it's not just about meeting customer expectations; it's about building trust and credibility. Readly's efforts to combat disinformation and fake news are positioning it as a leader in the digital magazine and newspaper industry. Their financial performance speaks for itself: revenue up 8.9% to kr722.1 million, net income of kr100.5 million, and a market cap of kr566.68 million. This is a company on the rise, folks, and it's all thanks to their commitment to trustworthy information.



Now, let's talk about the financial implications. Readly's stock symbol is READ.ST, and it's listed on the Nasdaq First North Growth Market. With a market cap of kr566.68 million and an enterprise value of kr467.51 million, Readly is a financially stable and growing company. Their focus on trustworthy information and fact-checking is not just a moral imperative; it's a smart business move.

But the benefits don't stop at financial performance. Readly's efforts to combat disinformation and fake news can significantly influence its market share and customer loyalty. By building trust, meeting customer expectations, addressing information fatigue, enhancing media literacy, and gaining a competitive advantage, Readly is positioning itself as the go-to platform for reliable news.

So, what's the bottom line? Readly is a company that's not just riding the wave of digital media; it's making waves. Their focus on trustworthy information and fact-checking is a breath of fresh air in a world drowning in misinformation. If you're looking for a company that's not just making money but making a difference, look no further than Readly. Trust lost, facts wanted – that's the Readly way, and it's a winning strategy.