Interim Report January – March 2021

Highlights

Financial

  • Streaming sales up 20.5% from Q1 2020 to 517 (429) MSEK, +26.5% with constant exchange rates
  • Subscriber base up 33.4% from Q1 2020 to 1,540,600 (1,154,800) on average
  • Net turnover increased to 615 (513) MSEK in Q1 2021
  • Earnings per share, after taxes amounted to -1.15 (-0.64) SEK in Q1 2021, before and after dilution
  • Successfully completed a directed share issue and raised 1,171 MSEK before transaction costs

Other

  • Launched in Israel and opened stores in Saudi Arabia and Egypt
  • Signed agreement to acquire a majority stake in the Swedish publishing house Lind & Co AB

Highlights After the End of the Quarter

  • Performed a directed share issue of 343,394 new class B shares in conjunction with the closing of Lind & Co on April 1
  • Held the Annual General meeting with Shareholders on May 4

Table 1: Key Performance Indicators for Streaming and Books

TSEK Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021
Streaming Total1 Forecast
Revenue 429,251 459,115 490,234 503,449 517,075 545,000
Contribution Profit 92,611 100,493 113,663 107,074 97,592
Contribution Margin 21.6% 21.9% 23.2% 21.3% 18.9%
Avg. Paying Subscribers 1,154,800 1,257,000 1,360,300 1,442,000 1,540,600 1,625,000
ARPU 124 122 120 116 112 112
Streaming Nordics1
Revenue 349,768 366,322 394,453 399,639 401,834 422,000
Contribution Profit 113,476 107,176 125,534 134,166 119,418
Contribution Margin 32.4% 29.3% 31.8% 33.6% 29.7%
Avg. Paying Subscribers 785,800 833,300 902,000 926,000 957,500 982,000
ARPU 148 147 146 144 140 143
Streaming Non-Nordics
Revenue 79,484 92,793 95,781 103,810 115,240 123,000
Contribution Profit -20,866 -6,684 -11,872 -27,092 -21,826
Contribution Margin -26.3% -7.2% -12.4% -26.1% -18.9%
Avg. Paying Subscribers 369,000 423,700 458,300 516,000 583,100 643,000
ARPU 72 73 70 67 66 64
Books
Revenue 114,737 126,743 150,391 197,346 125,189
Contribution Profit 41,678 44,147 63,667 81,774 52,852
Contribution Margin 36.3% 34.8% 42.3% 41.4% 42.2%

1. Storytel Norway is included in the figures @ 100%. In the consolidated accounts, Norway is reported in accordance with the principle of proportional consolidation.

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 Global PR & Communications: +46 70 186 52 90

This information is such that Storytel AB (publ) is obliged to disclose in accordance with the EU Market Abuse Regulation (EU nr 596/2014). The information was provided, through the agency of the above contact person, at the time stated in this press release, by Cision.

FNCA Sweden AB is the company’s certified adviser. FNCA can be reached at info@fnca.se or +46 8 528 00 399.

About Storytel

Storytel is one of the world’s largest subscribed audiobook and e-book streaming services and offers listening and reading of more than 500 000 titles on a global scale. Our vision is to make the world a more empathetic and creative place with great stories to be shared and enjoyed by anyone, anywhere and anytime. Storytel’s streaming business is conducted under the brands Storytel and Mofibo. Storytel’s publishing business area is carried out through the audiobook publisher StorySide and acclaimed Nordic publishing houses such as Norstedts, People’s and Gummerus. Storytel operates in 25 markets around the globe and is headquartered in Stockholm, Sweden.