Storytel exceeds the forecast for Q4 2020
Storytel had an average of 1,442,000 paying subscribers in the fourth quarter of 2020, which is an increase of 81,700 customers compared to the third quarter of 2020, and exceeding the forecast of 1,435,000 paying subscribers that was previously estimated. The annual subscriber growth in the fourth quarter of 2020 was 358,600 customers compared to the fourth quarter of 2019. Streaming revenues for the fourth quarter of 2020 came in at 503.4 MSEK, compared to the forecasted 499.5 MSEK. Annual revenue growth 2020, compared to full-year 2019, amounts to 31%.The average number of paying