Storytel’s Q1 2022 streaming revenue in line with forecast
Storytel's Q1 streaming revenues came in at 699 MSEK, in line with forecasts for both the Nordics and Non-Nordics segments. This represents a +35% year-on-year growth (+33% with constant exchange rates). Adjusting for the acquisition of the US streaming service Audiobooks.com, the organic year-on-year streaming growth was +19%.Streaming revenues in the Nordics for the first quarter of 2022 came in at 459 MSEK, which is within the forecasted range. The average number of paying subscribers in Q1 in the Nordic segment was 1,061,000.Q1 2022 streaming revenues for the Non-Nordics segment