Storytel exceeds the forecast for Q4 2019 – passes the milestone 1,100,000 subscribers
Storytel had 1,083,400 paying subscribers on average in Q4 2019. This corresponds to an increase of 69,000 subscribers compared to Q3 2019 and an annual subscriber growth of 41%. Storytel therefore surpasses the forecast of 1,079,000 subscribers for the period. Streaming revenue for Q4 landed at 421 MSEK, compared to the forecast of 417 MSEK, which corresponds to a revenue increase of 45% compared to Q4 2018. On Christmas Day, Storytel also passed another milestone and ended 2019 with a subscriber base of more than 1,100,000 paying customers, which was the target for the year.“Storytel’s