Storytel exceeds forecast for Q2 2019
Storytel had 887,500 paying subscribers on average in Q2 2019, which is an increase of 53,200 customers compared to Q1 2019. Storytel therefore surpasses the forecast of 880,000 paying subscribers and further solidifies its position as a market leader for subscribed digital services for audiobooks and e-books in the Nordic region and northern Europe. Streaming revenue for Q2 2019 was 320 MSEK, compared to the forecast of 313 MSEK. Annual revenue growth is therefore 37%.The average number of paying subscribers in Q2 2019 in the Nordic region amounted to 669,200, which corresponds to 9,200