Interim Report January - June 2019 Storytel AB (publ)
Click here to watch the quarterly video with CEO Jonas Tellander and CFO Sofie Zettergren.
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Streaming sales up 34% from Q2 2018, to 320 (239) MSEK
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Net turnover increased to 402 from Q2 2018, (338) MSEK
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Earnings per share, after taxes amounted to -1.20 (-1.25) SEK
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Subscriber base up 43% Y/Y to 887,500 (621,200) on average
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Storytel launched its 17th market, Germany
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Storytel Stock Option Program launched
Table 1: Key performance indicators for Streaming and Print Publishing
| Currency: SEK 000’s | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 |
| Streaming Total | Forecast1 | |||||
| Revenue | 239,139 | 279,979 | 291,315 | 295,994 | 320,034 | 395,000 |
| Contribution Profit2 | 25,045 | 22,063 | 30,444 | 31,372 | 29,407 | |
| Contribution Margin | 10.5% | 7.9% | 10.5% | 10.6% | 9.2% | |
| Paying Subscribers | 621,200 | 720,900 | 768,700 | 834,300 | 887,500 | 1,005,000 |
| ARPU3 (SEK/Month) | 128 | 129 | 126 | 118 | 120 | 131 |
| Streaming Nordics4 | ||||||
| Revenue | 218,714 | 253,081 | 259,256 | 258,288 | 276,347 | 338,000 |
| Contribution Profit2 | 57,986 | 62,327 | 82,645 | 75,329 | 70,443 | |
| Contribution Margin | 26.5% | 24.6% | 31.9% | 29.2% | 25.5% | |
| Paying Subscribers | 530,200 | 595,400 | 616,300 | 645,500 | 669,200 | 732,000 |
| ARPU3 (SEK/Month) | 138 | 142 | 140 | 133 | 138 | 154 |
| Streaming Non-Nordics | ||||||
| Revenue | 20,424 | 26,898 | 32,059 | 37,706 | 43,687 | 57,000 |
| Contribution Profit2 | −32,941 | −40,264 | −52,200 | −43,957 | -41,036 | |
| Contribution Margin | −161.3% | −149.7% | −162.8% | −116.6% | -93.9% | |
| Paying Subscribers | 91,000 | 125,500 | 152,400 | 188,800 | 218,300 | 273,000 |
| ARPU3 (SEK/Month) | 75 | 71 | 70 | 67 | 67 | 70 |
| Print Publishing5 | ||||||
| Revenue | 115,898 | 116,252 | 170,435 | 107,316 | 109,053 | |
| Contribution Profit6 | 41,889 | 40,140 | 54,681 | 32,775 | 28,830 | |
| Contribution Margin | 36.1% | 34.5% | 32.1% | 30.5% | 26.4% |
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1 “Forecast” means an approximation based on information available at the time the report was prepared.
2 Contribution Profit is defined as streaming revenue minus royalties to third-party publishers and rights holders, in-house production costs, transaction costs and marketing costs. Storytel Reader and Ztory is not included in Streaming.
3 ARPU = Average Revenue Per User (Subscriber) per month.
4 Storytel Norway is included in the figures @ 100%. In the consolidated group accounts, Norway is reported in accordance with the principle of proportional consolidation.
5 Print Publishing refers to physical books and digital sales through channels other than Storytel. Internal revenue from Storytel has been eliminated. All publishing houses in Sweden and outside of Sweden are included.
6 Contribution Profit is defined as revenue minus cost per unit sold, royalties to rights holders, distribution, sales and marketing costs.
Forthcoming reports
Interim Report Jan - Sept 2019 12 Nov 2019
Year-End Report 2019 20 Feb 2020
Annual Report 2019 2 April 2020
Interim Report Jan - Mar 2020 12 May 2020
Interim Report Jan - June 2020 11 Aug 2020
Interim Report Jan - Sept 2020 10 Nov 2020
FNCA Sweden AB is the company’s certified adviser. FNCA can be reached at info@fnca.se or +46 8 528 00 399.
Stockholm, 13 Aug 2019
Board of Directors, Storytel AB (publ)
For more information, please contact:
Jonas Tellander, CEO: +46 70 261 61 36
Sofie Zettergren, CFO: +46 70 509 98 08
Dan Panas, Head of Communications: +46 70 186 52 90
This information is information that Storytel AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at the time set out in this press release.
About Storytel
Storytel is Northern Europe’s leading audiobook and e-book streaming service and offers unlimited listening and reading of more than 200 000 titles on a global scale. Our vision is to make the world a more empathetic place with great stories to be shared and enjoyed by anyone, anywhere and anytime. Storytel is a digital platform provider as well as a comprehensive publishing group. The streaming business area offers subscriptions for audiobooks and e-books under the Storytel and Mofibo brands. Storytel’s publishing business area is carried out through the publishing houses Norstedts, Massolit, StorySide, Printz Publishing, People’s Press, Rabén & Sjögren, B.Wahlströms and Norstedts Kartor. Ztory – a subscribed digital read-all-you-can streaming service for newspapers and magazines, is part of Storytel since January 2019. Storytel operates in 17 markets around the globe and is headquartered in Stockholm, Sweden.
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