Storytel’s subscriber growth in line with forecast for the first quarter 2020 – streaming revenues increase by 45%
Storytel had an average of 1,154,800 paying subscribers in the first quarter of 2020, which is an increase of 71,400 customers compared to the fourth quarter of 2019, and in line with the forecast of 1,154,000 paying subscribers that was previously estimated. Streaming revenues for the first quarter of 2020 came in at 429 MSEK, compared to the forecast of 438 MSEK. Annual revenue growth amounts to 45%.The average number of paying subscribers for the first quarter of 2020 in the Nordic segment was 785,800, which corresponds to 3,800 paying subscribers above forecast. Streaming revenues in