· 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
· Renegotiated Term Loan from
· 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
[][][][][][][][][][][][][][]
Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020
Currency: SEK
000's
Streaming
Total Actual[8] Forecast[1]
Revenue 320,034 399,178 421,454 429,251 459,115 483,500
Contribution 29,407 53,043 58,977 92,611 100,493
Profit[2,8]
Contribution 9.2% 13.3% 14.0% 21.6% 21.9%
Margin
Avg. Paying 887,500 1,014,400 1,083,400 1,154,800 1,257,000 1,345,000
Subscribers[3]
ARPU[4] 120 131 130 124 122 120
(SEK/Month)
Streaming
Nordics[5]
Revenue 276,347 340,315 352,222 349,768 366,322 389,000
Contribution 70,443 109,563 115,689 113,476 107,176
Profit[2,8]
Contribution 25.5% 32.2% 32.8% 32.4% 29.3%
Margin
Avg. Paying 669,200 736,000 757,600 785,800 833,300 890,000
Subscribers[3]
ARPU[4] 138 154 155 148 147 146
(SEK/Month)
Streaming Non
-Nordics
Revenue 43,687 58,863 69,233 79,484 92,793 94,500
Contribution -41,036 -56,521 -56,713 -20,866 -6,684
Profit[2,8]
Contribution -93.9% -96.0% -81.9% -26.3% -7.2%
Margin
Avg. Paying 218,300 278,400 325,800 369,000 423,700 455,000
Subscribers[3]
ARPU[4] 67 70 71 72 73 69
(SEK/Month)
Print
Publishing[6]
Revenue 109,053 116,371 179,562 114,737 126,743
Contribution 28,830 33,327 65,592 41,678 44,147
Profit[7]
Contribution 26.4% 28.6% 36.5% 36.3% 34.8%
Margin
___________________________
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
4 ARPU = Average Revenue Per User (Subscriber) per month.
5 Storytel Norway is included in the figures @ 100%. In the consolidated accounts,
6
7 Contribution Profit is defined as revenue minus cost of goods sold, royalties to rights holders, distribution, sales and marketing costs.
8
Forthcoming reports
·
Interim Report Jan -
This information constitutes inside information in accordance with the EU Market Abuse Regulation 596/2014 and is such information that
Board of Directors,
For more information, please contact:
Jörgen Gullbrandson, Interim CFO: +46 73 378 01 75
https://news.cision.com/storytel/r/interim-report-january---june-2020-storytel-ab--publ-,c3166522
https://mb.cision.com/Main/11546/3166522/1289376.pdf
(c) 2020 Cision. All rights reserved., source