“All you can read” magazine and newspaper app Readly’s merger with a French equivalent is set to enhance its mobile app and support the business to increase investment.
Readly has undergone multiple strategic divestments since Press Gazette last spoke to the app in 2024, when it had just entered profitability for the first time in its adjusted EBITDA inQ3 and Q4 of 2023.
Readly then reportedfull-year profitability for the first time a year later, with revenue of SEK 725.3 million (£60.8m) and gross profit of SEK 292.4 million (£24m), for the 12 months ending December 2024 .
A price increase in different markets also “helped us get to profitability”, said head of content Chloe Rushmere (the app costs £12.99 per month in the UK, increasing from £9.99).
Partnered with 1,200 publishers, Readly offers 8,200 magazines and 360 newspapers. UK partners include major newspapers, such as Reach-owned titles and The Guardian, while magazine partners include big names such as Conde Nast and Immediate.
Swedish media company Bonnier acquired 96% of Readly’s shares, which was then followed by “all you can read” French magazine platformCafeyn buying up “basically all the non-Nordics” businesses of Readly’s from Bonnier in November 2025as part of a strategic partnership, said Rushmere.
Cafeyn hadalready acquired its French business in November 2024. Cafeyn’s involvement does not mean it is a shareholder, having only been involved in a business asset transfers. Cafeyn operates Readly in France and the non-nordics, keeping the Readly brand in some markets. Bonnier is currentlythe main owner of Readly with 92% of shares in the company.
Readly has “started to invest” in itself again, said Rushmere.
Once its France-based partnership has “settled” after the first half of 2026, Rushmere said the company is looking to initiate “a big investment in marketing and growth”.
[Read more: ABCs: 55% of digital magazine circulation comes from Spotify-style services]
Source: Press Gazette
