- Streaming sales up 43% from Q2 2019 to 459 (320) MSEK
- Subscriber base up 42% from Q2 2019 to 1,257,000 (897,500) on average
- Net turnover increased to 554 MSEK from 402 MSEK in Q2 2019
- Earnings per share, after taxes amounted to -0.91 SEK, before and after dilution, compared to -1.20 SEK in Q2 2019
- Renegotiated Term Loan from Swedbank, expanding the Revolving Credit Facility to 500 MSEK
- Issued a stock option programme for all employees together with a warrant programme for select Key Employees and Directors
Table 1: Key performance indicators for Streaming and Print Publishing
Currency: SEK 000’s
|Q2 2019||Q3 2019||Q4 2019||Q1 2020||Q2 2020||Q3 2020|
|Avg. Paying Subscribers3||887,500||1,014,400||1,083,400||1,154,800||1,257,000||1,345,000|
|Avg. Paying Subscribers3||669,200||736,000||757,600||785,800||833,300||890,000|
|Avg. Paying Subscribers3||218,300||278,400||325,800||369,000||423,700||455,000|
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, external production costs, transaction/payment costs and marketing costs. Storytel Reader and Ztory are not included in Streaming.
3 Avg. Paying Subscribers means the average number of paying Storytel subscribers during the quarter. Stand-alone customers from Ztory are not included. For Family subscriptions, each standard stream (not so-called Kids Mode) is considered one paying customer.
4 ARPU = Average Revenue Per User (Subscriber) per month.
5 Storytel Norway is included in the figures @ 100%. In the consolidated accounts, Norway is reported in accordance with the principle of proportional consolidation.
6 Print Publishing refers to physical books and digital sales through channels other than Storytel. Internal revenue from Storytel has been eliminated. All publishing houses both inside and outside of Sweden are included.
7 Contribution Profit is defined as revenue minus cost of goods sold, royalties to rights holders, distribution, sales and marketing costs.
8 Storytel has chosen to voluntarily apply the capitalisation model instead of the expensing model regarding internally developed intangible assets. In this table, the development of our digital catalogue will be capitalised and no longer treated as an expense as of Q1 2020.
- Interim Report Jan – Sept 2020 10 Nov 2020
This information constitutes inside information in accordance with the EU Market Abuse Regulation 596/2014 and is such information that Storytel AB (publ) is required to disclose. The information was provided by the above contact person at the time stated in this press release by the Company’s news distributor Cision.
FNCA Sweden AB is the company’s certified adviser. FNCA can be reached at firstname.lastname@example.org or +46 8 528 00 399.
Stockholm, 11 Aug 2020
Board of Directors, Storytel AB (publ)
For more information, please contact:
Jörgen Gullbrandson, Interim CFO: +46 73 378 01 75
Dan Panas, Head of Communications: +46 70 186 52 90