· Streaming sales up 45% from Q4 2018, to 421 (291) MSEK
·
Subscriber base up 41% from Q4 2018 to 1,083,400 (768,700) on average
·
Net turnover increased to 565 MSEK from 437 MSEK in Q4 2018
·
Earnings per share, after taxes amounted to -1.43
·
The Board of Directors proposes no dividends be paid for 2019 FY
·
Launched in
·
Refinanced bank loans and extended credits at Swedbank
Table 1: Key performance indicators for Streaming and Print Publishing
[][][][][][][][][][][][][]
Currency: SEK Q3 Q4 Q1
000's Q4 Q1 Q2 2019 2019 2020
2018 2019 2019
Streaming Actual
Total Forecast[1]
Revenue 291,315 295,994 320,034 399,178 421,454 438,000
Contribution 30,444 31,372 29,407 53,043 58,977
Profit[2]
Contribution 10.5% 10.6% 9.2% 13.3% 14.0%
Margin
Avg. Paying 768,700 834,300 887,500 1,014,400 1,083,400 1,154,000
Subscribers[3]
ARPU[4] 126 118 120 131 130 127
(SEK/Month)
Streaming
Nordics[5]
Revenue 259,256 258,288 276,347 340,315 352,222 357,000
Contribution 82,645 75,329 70,443 109,563 115,689
Profit[2]
Contribution 31.9% 29.2% 25.5% 32.2% 32.8%
Margin
Avg. Paying 616,300 645,500 669,200 736,000 757,600 782,000
Subscribers[3]
ARPU[4] 140 133 138 154 155 152
(SEK/Month)
Streaming Non
-Nordics
Revenue 32,059 37,706 43,687 58,863 69,233 81,000
Contribution −52,200 −43,957 -41,036 -56,521 -56,713
Profit[2]
Contribution −162.8% −116.6% -93.9% -96.0% -81.9%
Margin
Avg. Paying 152,400 188,800 218,300 278,400 325,800 372,000
Subscribers[3]
ARPU[4] 70 67 67 70 71 73
(SEK/Month)
Print
Publishing[6]
Revenue 170,435 107,316 109,053 116,371 179,562
Contribution 54,681 32,775 28,830 33,327 65,592
Profit[7]
Contribution 32.1% 30.5% 26.4% 28.6% 36.5%
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, in-house 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.
Forthcoming reports
Annual Report 2019 -
Interim Report Jan -
Interim Report Jan -
Interim Report Jan -
This information constitutes inside information in accordance with the EU Market Abuse Regulation 596/2014 and is such information that
For more information, please contact:
Jörgen Gullbrandson, Interim CFO: +46 73 378 01 75
https://news.cision.com/storytel/r/year-end-report-january---december-2019-storytel-ab--publ-,c3039725
https://mb.cision.com/Main/11546/3039725/1197205.pdf
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