Storytel to host Capital Markets Day on the 14th of January – forecasts strong growth and new wave of expansion 2020–2023
Storytel AB (“Storytel”, “the company”), northern Europe's leading audiobook and e-book service, will host a Capital Markets Day at Biograf Sture in Stockholm on Tuesday 14 January. During 2020 the company predicts to reach streaming profitability on a local level in 2-4 additional markets and a subscriber growth of 36%. Storytel therefore expects to surpass the milestone of 1,500,000 paying subscribers before the end of the year. Streaming revenue for 2020 is expected to increase to 1.9–2.0 BSEK, corresponding to a yearly growth of rate of 32-35%. The average yearly annual streaming revenue