Published on: March 17, 2021
Strong progress, significant growth prospects
Following another excellent year for the Group, Kape’s FY 2020 revenue and adjusted EBITDA are in line with the updated guidance given in January’s trading update. It now has some 2.52m paying subscribers across its core markets of North America and Europe. Having completed the integration of Private Internet Access (PIA) ahead of schedule and launched new products, including its privacy suite, Kape recently completed another transformational and accretive acquisition in the form of Webselenese. We continue to expect strong growth, fuelled by the significant opportunities for organic growth that the enlarged Group has. We make no material changes to our estimates for FY 2021E and FY 2022E.