Storytel's Q3 2022 streaming revenue came in at 742 MSEK,
corresponding to a +27 percent year-on-year growth – +29 percent
excluding Russia.
STOCKHOLM, Oct. 7, 2022
/PRNewswire/ -- Streaming revenue in the Nordics for the third
quarter of 2022 came in at 493 MSEK, in line with forecast. The
average number of paying subscribers for Q3 in the Nordic segment
was 1,129,000 which represents an annual increase of 10 percent and
corresponds to +105,000 subscribers compared to Q3 2021.
The streaming revenue for the Non-Nordics segment in Q3 2022
totaled 250 MSEK, which corresponds to an annual growth rate of 84
percent. Excluding Russia, which
concluded its close-down on September
30, the annual growth rate equaled 102 percent. The number
of paying subscribers in the Non-Nordic segment amounted to 935,000
in Q3 2022. This corresponds to an annual growth rate of +34
percent – +53 percent excluding Russia.
"I am happy to join the Storytel team, which yet another quarter
has proven resilience and determination in the execution of the
company's pivoted strategy to priority markets, profitable growth
and a trajectory towards long-term sustainable success," says
Johannes Larcher, CEO of
Storytel.
Table 1: Key Performance Indicators for Streaming
|
TSEK
|
Q3
2021
|
Q4
2021
|
Q1
2022
|
Q2
2022
|
Q3
2022
|
Q3
2022
|
|
Streaming
Total*,**
|
|
|
|
|
Actual
|
Forecast
|
|
Revenue
|
583,084
|
605,128
|
698,599
|
704,454
|
742,426
|
724,000-731,000
|
|
Revenue excl
Russia
|
565,949
|
584,495
|
679,654
|
693,464
|
732,837
|
|
|
Gross Profit
|
233,287
|
220,003
|
283,868
|
278,554
|
|
|
|
Gross Margin
|
40.0 %
|
36.4 %
|
40.6 %
|
39.5 %
|
|
|
|
Avg. Paying
Subscribers
|
1,724,000
|
1,784,600
|
2,051,000
|
2,031,000
|
2,064,000
|
|
|
ARPU
(SEK/Month)
|
113
|
113
|
114
|
116
|
120
|
|
|
|
|
|
|
|
|
|
Streaming
Nordics*
|
|
|
|
|
|
|
|
Revenue
|
447,199
|
459,018
|
458,555
|
469,390
|
492,765
|
489,000-491,000
|
|
Gross Profit
|
179,074
|
171,791
|
165,788
|
177,354
|
|
|
|
Gross Margin
|
40.0 %
|
37.4 %
|
36.2 %
|
37.8 %
|
|
|
|
Avg. Paying
Subscribers
|
1,024,000
|
1,047,900
|
1,061,000
|
1,078,000
|
1,129,000
|
|
|
ARPU
(SEK/Month)
|
146
|
146
|
144
|
145
|
145
|
|
|
|
|
|
|
|
|
|
Streaming
Non-Nordics**
|
|
|
|
|
|
|
|
Revenue
|
135,885
|
146,110
|
240,044
|
235,064
|
249,662
|
235,000-240,000
|
|
Revenue excl
Russia
|
118,750
|
125,477
|
221,099
|
224,074
|
240,073
|
|
|
Gross Profit
|
54,213
|
48,212
|
118,080
|
101,190
|
|
|
|
Gross Margin
|
39.9 %
|
33.0 %
|
49.2 %
|
43.0 %
|
|
|
|
Avg. Paying
Subscribers
|
700,000
|
736,700
|
990,000
|
953,000
|
935,000
|
|
|
ARPU
(SEK/Month)
|
65
|
66
|
81
|
82
|
89
|
|
|
*Storytel Norway is
included in the figures @ 100%. In the consolidated accounts,
Norway is reported in accordance with the equity method.
|
|
**Includes Russian
operations which is phased out as of Q3 2022.
|
FNCA Sweden AB is the company's certified
adviser.
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 below contact persons, at the time stated in this press
release, by Cision.
For more information, please contact:
Andreas Lindblom, Head of
Investor Relations
Tel: +46 72 506 14 22
Email: andreas.lindblom@storytel.com
Dan Panas, Head of Communications
& PR
Tel: +46 70 186 52 90
Email: dan.panas@storytel.com
About Storytel
Storytel is one of the world's largest audiobook and e-book
streaming services and offers over a million 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. The streaming business within the
Storytel Group is conducted under the brands Storytel, Mofibo and
Audiobooks.com. The publishing business is managed by Storytel
Books, and by the audiobook publisher StorySide. The Storytel Group
operates in over 25 markets. The headquarters is located in
Stockholm, Sweden.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/storytel/r/storytel-s-streaming-revenue-slightly-above-forecast-for-q3-2022,c3643945
The following files are available for download:
|
https://mb.cision.com/Main/11546/3643945/1635584.pdf
|
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|
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