Storytel exceeds forecast for the second quarter 2020
Storytel had an average of 1,256,500 paying subscribers in the second quarter of 2020, which is an increase of 101,800 customers compared to the first quarter of 2020, and slightly exceeds the forecast of 1,250,000 paying subscribers that was previously estimated. The annual subscriber growth in the second quarter of 2020 was 369,000 customers compared to the second quarter of 2019. Streaming revenues for the second quarter of 2020 came in at 459 MSEK, compared to the forecasted 458 MSEK. Annual revenue growth amounts to 43%.The average number of paying Storytel subscribers in the second