Alchimie exceeds FY targets
January 28, 2021
Alchimie, an OTT SVoD platform featuring original and exclusive thematic channels published jointly with media groups and talents, has publused its consolidated annual sales.
The group’s consolidated annual revenues (IFRS) amounted to €28.9 million at December 31st 2020, 22 per cent higher than at December 31st 2019. The Video activity continues to grow at an annual rate of +37 per cent vs +30 per cent expected by the company. This growth results from the launch of more than 50 new channels in 2020, bringing the Alchemy offer to 70 channels co-edited with Celebrities and Talents and the deployment of the TVPlayer packaged offer in England, France, Spain and the UnS.
In accordance with its roadmap, the company had 330,000 subscribers at December 31st 2020, representing an increase in the subscriber base of +83 per cent vs end of 2019. The solid growth in the level of activity is linked to a quality subscriber base with a better than expected churn rate, generating an ARPU slightly higher than expected.
The international launches carried out during the last quarter illustrate the relevance of Alchimie’s model based on revenue sharing between rights owners, media and talent as well as distributors. The company now intends to strengthen access to its platform through Alchimie Studio, the gateway for talents and the media to co-publish their channel, on an international level after the success achieved in France.
Nicolas d’Hueppe, Founder and CEO of Alchimie, commented: “I am very pleased that this first post-listing financial publication has enabled us to post higher sales revenues than our initial target. With nearly €29 million in revenues, Alchimie outperforms the objective set at the time of our IPO. In addition, the context linked to the health crisis is buoyant since it supports the consumption of video content and thus contributes to the development of video-on-demand platforms such as Alchimie. I am convinced that our constantly evolving affinity theme channel offer will attract many subscribers during this new fiscal year.”