Storytel beats forecast for the third quarter of 2020
Storytel had an average of 1,360,300 paying subscribers in the third quarter of 2020, which is an increase of 103,300 customers compared to the second quarter of 2020, and exceeding the forecast of 1,345,000 paying subscribers that was previously estimated. The annual subscriber growth in the third quarter of 2020 was 345,900 customers compared to the third quarter of 2019. Streaming revenues for the third quarter of 2020 came in at 490.2 MSEK, compared to the forecasted 483.5 MSEK. Annual revenue growth amounts to 23%.The average number of paying Storytel subscribers in the Nordic segment