Legimi Achieves Record Q2 Revenue and Profit, Driven by AI-Powered Recommendations and New Pricing Strategy

We are very pleased with the results that the company achieved last quarter. These results are what we aimed for by consistently implementing the development strategy. Record levels were also reached in payouts to content providers – publishers and authors. We see very positive effects from the introduction of “virtual librarians”, that is, the AI-based recommendation system. The solution is still in the testing phase, which gives us hope for an even better influence of this tool in the future – says Mikołaj Małaczyński, CEO of Legimi.

The company’s positive results were also influenced by the increase in the Average Revenue Per User (ARPU) indicator, caused by the adoption of a new pricing policy and actions related to optimizing operating costs. Furthermore, Legimi officially finished its work related to the implementation of features related to Legimi 5.0 and has started working on Legimi 6.0.

– We constantly strive to introduce new features and improve existing services, which contributes to the growing popularity and satisfaction of users. In this way, we create a modern sales channel, connecting our native users with content creators. Good results of Legimi therefore translate into growing revenues for the creative sector, benefiting the entire market. We plan to continue investing in technology, as it’s one of the elements creating a competitive advantage in our market, as confirmed by the results we present. We believe that further investments in the development of our platform will allow us to maintain a high pace of development – adds Mikołaj Małaczyński.

The company is also expanding its offer with additional subscription products, which can be purchased together with access to the Legimi library. These include Diet&Training by Ann from Anna Lewandowska, Readmio with fairy tales for children, or online courses from Youniversity. Combined offers are meant to be an additional way to increase Legimi’s recognition and diversify the offer for current users.