Interim report January – June 2018

Click here to watch the quarterly video with CEO Jonas Tellander and CFO Sofie Zettergren. For the full report see attached pdf.

Highlights from Q2 2018 report

  • Subscriber base up 47% Y/Y to 621 200, on track to reach 800 000 in 2018
  • Streaming sales up 43% Y/Y to 239 MSEK, on track to reach 1 000 MSEK in 2018
  • International streaming sales now 47% of total, on track to surpass 50% in 2018
  • Storytel launched in the UAE, Turkey and Italy
  • E-book reading device (Storytel Reader) launched at the end of June
  • Announced preparation to move to Nasdaq First North before end of 2018

Key numbers for  Streaming and Print Publishing

Currency: thousand SEK        Q2 2017        Q3 2017        Q4 2017        Q1 2018        Q2 2018        Q3 2018
Forecast1
Streaming Total
Revenue 167 008 197 881 209 225 222 133 239 139 275 500
Contribution Profit2 27 847 27 784 30 277 24 079 25 045
Contribution Margin 16,7% 14,0% 14,5% 10,8% 10,5%
Paying Subscribers 423 200 503 900 533 400 577 900 621 200 725 000
ARPU3 (SEK/Month) 132 131 131 128 128 127
 
Streaming Sweden
Revenue 101 365 113 709 118 038 122 046 125 759 135 000
Contribution Profit 31 257 32 872 38 501 43 067 35 763
Contribution Margin 30,8% 28,9% 32,6% 35,3% 28,4%
Paying Subscribers 255 800 282 300 292 700 305 100 314 700 339 000
ARPU (SEK/Month) 132 134 134 133 133 133
Streaming International4
Revenue 65 643 84 172 91 187 100 087 113 380 140 500
Contribution Profit -3 410 -5 088 -8 224 -18 988 -10 718
Contribution Margin -5,2% -6,0% -9,0% -19,0% -9,5%
Paying Subscribers 167 400 221 600 240 700 272 800 306 500 386 000
ARPU (SEK/Month) 131 127 126 122 123 121
Print Publishing5
Revenue 111 969 132 619 173 832 106 312 115 898
Contribution Profit6 37 840 47 905 66 854 39 223 41 889
Contribution Margin 33,8% 36,1% 38,5% 36,9% 36,1%

1 Forecast is an approximation based on information available at time of reporting.

2 Contribution Profit is defined as streaming revenue minus costs for content (licensed content and in-house productions) and marketing. Storytel Reader is not included in Streaming.

3 ARPU = Average Revenue Per User (Subscriber) per month

4 Storytel Norway included in figures @ 100%. In the consolidated group accounts Norway is reported according to the principle of proportional consolidation.

5 Print Publishing refers to physical books. Internal transactions have been redacted. Barnens bokklubb not included in table.

6 Contribution Profit is defined as revenue minus cost per sold unit, distribution costs, and sales and marketing costs.

The interim report for January – September will be released on November 15, 2018

This information is such information that Storytel AB (publ) is obliged to make public in accordance with EU:s market regulation (marknadsmissbruksförordning). The information was made public by above contact person on August 15th, 2018, 8.30 CET.

For more information, please contact:

Jonas Tellander, CEO: +46 70 261 61 36

Sofie Zettergren, CFO: +46 70 509 98 08

About Storytel

The Storytel group is comprised of two divisions, Streaming and Publishing. The Streaming division currently offers a subscription service for audio books and e-books under the brand names Storytel and Mofibo in Sweden, Norway, Denmark, Finland, Iceland, The Netherlands, Poland, Russia, Spain, India, the United Arab Emirates, Turkey and Italy. The Streaming division also publishes audio books and Storytel Originals, mainly through the audio-book publisher Storyside. The Publishing division is comprised of the publishers Norstedts, Massolit, Kontentan, Telegram, the Danish People’s Press, Storytel Publishing, Rabén & Sjögren and B. Wahlströms, as well as Norstedts Kartor.