TomTom Reports Fourth Quarter and Full Year 2015 Results

Our Licensing revenue in Q4 '15 was €39 million, 24% higher compared with the same quarter last year (Q4 '14: €32 million). On a full year basis, Licensing reported total revenue of €142 million, a 27% increase compared with €112 million in 2014. The increase in revenue was driven by the renewal and increased scope of existing contracts, addition of new customers as well as a good progress made in the Geospatial segment.

In the quarter, we announced a new global, multi-year agreement with Uber to provide our global maps and traffic products for their Uber driver application.

Telematics

                                     
(€ in millions, unless stated otherwise)     Q4 '15¹     Q4 '14    

y.o.y.
change

    FY '15¹     FY '14    

y.o.y.
change

                                     
Hardware and other services revenue 2     11.0     9.7     14%     37.2     34.6     7%
Subscription revenue     26.0     21.4     22%     97.8     75.6     29%
Total Telematics revenue     37.0     31.1     19%     135.0     110.2     22%
                                     
Telematics segment EBITDA 49.0 39.1 25%
EBITDA margin (%) 36% 35%
Telematics segment EBIT 39.7 33.8 17%
EBIT margin (%)                       29%     31%      
                                     
Monthly subscription ARPU (€) 15.8 16.3 -3% 15.9 16.2 -2%
Subscriber installed base (# in thousands)                       605     464     30%
 
Change percentages are based on non-rounded figures.

1 Q4 ’15 and FY ‘15 financial metrics and YoY change percentages exclude Finder; the acquisition is effective as of the end of December 2015.

2 Other services revenue comprises installation services and separately purchased traffic service and/or map content.

 

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