EQS-News

tonies preliminary results FY 2023: tonies exceeds revenue guidance for FY 2023 and achieves positive adjusted EBITDA

EQS-News: tonies SE / Key word(s): Preliminary Results/Annual Results tonies preliminary results FY 2023: tonies exceeds revenue guidance for FY 2023 and achieves positive adjusted EBITDA 02.02.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. tonies exceeds revenue guidance for FY 2023 and achieves positive adjusted EBITDA

• Group revenue in FY 2023 expected to increase by approximately +39% YoY to around EUR 358 million driven by international expansion (especially growth in the US)
• Revenue in strategically significant US market expected to more than double in FY 2023 to around EUR 138 million fueled by the successful wholesale expansion
• Adjusted EBITDA margin expected to be positive as guided for FY 2023

LUXEMBOURG, 02 February 2023 // tonies SE ("tonies"), a leading international digital audio platform for children with the award-winning Toniebox, has released preliminary and unaudited results for the full-year 2023, ended on 31 December 2023. tonies exceeded its revenue guidance for the Group and the US and achieved its guidance for a positive adjusted EBITDA margin on the back of a very strong fourth quarter.

Dr. Jan Middelhoff, CFO says: "Looking back on a fantastic fourth quarter with revenues of more than EUR 160 million, we can see that our strategy has worked, and all channels have delivered as expected. It's great to see the joy we have brought to many children during this holiday season. Thanks to the strong finish to the year, we have once again, achieved our revenue and profitability targets for the full year." Tobias Wann, CEO adds: "Every Toniebox sold in 2023 is a promise for future Tonies sales. With this very strong result, we find ourselves well-positioned for 2024. This is a clear testament to the desirability of our product and the commitment of our global teams, which allows us to deliver on our promises despite continued macroeconomic uncertainties. I am delighted to be on board as the new CEO of tonies and to further drive this successful development forward."