Storytel meets its forecast for Q4, 2018
During the fourth quarter of 2018, Storytel had on average 768,700 paying subscribers, an increase of nearly 48,000 subscribers compared to the third quarter of 2018, and somewhat higher than the published forecast of 765,000 paying subscribers. Streaming revenue for the fourth quarter of 2018 also beat expectations at app. 291.3 MSEK (as compared to the forecast of 290 MSEK), indicating a 39.2% annual growth rate.During the fourth quarter of 2018, the average number of Swedish subscribers totalled 345,000, or 4,200 more than forecast. In addition, revenue forecasts were surpassed by