Storytel’s streaming revenue and subscriber growth in line with forecast for Q1 2021
Storytel had an average of 1,540,600 paying subscribers in the first quarter of 2021, which is an increase of 98,600 customers compared to the fourth quarter of 2020, and in line with the forecast of 1,542,000 paying subscribers that was previously estimated. The annual subscriber growth in the first quarter of 2021 was 385,800 customers compared to the first quarter of 2020. Streaming revenues for the first quarter of 2021 came in at 517 MSEK, compared to the forecasted 514 MSEK.The average number of paying Storytel subscribers in the Nordic segment in the first quarter of 2021 was 957,500,