Kahoot again beat expectations, projecting Q2 revenues to grow sequentially by 40% (Q1: 21%). This implies an increased conversion rate of active accounts to paid subscriptions. The company is well positioned to enter the next growth phase from getting paid per “hosts” to also monetizing its user base, with several additional catalysts in the coming months. We reiterate our Buy rating and increase our target to NOK 50 (150 before the share split).
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Ready to launch
- Published:
09 Jun 2020 -
Author:
Henriette Trondsen -
Pages:
15
Kahoot again beat expectations, projecting Q2 revenues to grow sequentially by 40% (Q1: 21%). This implies an increased conversion rate of active accounts to paid subscriptions. The company is well positioned to enter the next growth phase from getting paid per “hosts” to also monetizing its user base, with several additional catalysts in the coming months. We reiterate our Buy rating and increase our target to NOK 50 (150 before the share split).