· Streaming sales up 45% Y/Y to 429 (296) MSEK
· Subscriber base up 38% Y/Y to 1,154,800 (834,300) on average
· Net turnover increased to 513 (385) MSEK
· Earning per share, after taxes amounted to -0.64 (-1.60) SEK
· Successfully completed a directed share issue of 948 MSEK on
Table 1: Key performance indicators for Streaming and Print Publishing
[][][][][][][][][][][][][][][]
Currency: SEK Q1 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q1 2020 Q2 2020
000's 2019
Streaming Comparable
Total actual[8] Actual[8] Forecast[1]
Revenue 295,994 320,034 399,178 421,454 429,251 429,251 458,000
Contribution 31,372 29,407 53,043 58,977 64,470 92,611
Profit[2,8]
Contribution 10.6% 9.2% 13.3% 14.0% 15.0% 21.6%
Margin
Avg. Paying 834,300 887,500 1,014,400 1,083,400 1,154,800 1,154,800 1,250,000
Subscribers[3]
ARPU[4] 118 120 131 130 124 124 122
(SEK/Month)
Streaming
Nordics[5]
Revenue 258,288 276,347 340,315 352,222 349,768 349,768 366,000
Contribution 75,329 70,443 109,563 115,689 104,223 113,476
Profit[2,8]
Contribution 29.2% 25.5% 32.2% 32.8% 29.8% 32.4%
Margin
Avg. Paying 645,500 669,200 736,000 757,600 785,800 785,800 826,000
Subscribers[3]
ARPU[4] 133 138 154 155 148 148 148
(SEK/Month)
Streaming Non
-Nordics
Revenue 37,706 43,687 58,863 69,233 79,484 79,484 92,000
Contribution −43,957 -41,036 -56,521 -56,713 -39,752 -20,866
Profit[2,8]
Contribution −116.6% -93.9% -96.0% -81.9% -50.0% -26.3%
Margin
Avg. Paying 188,800 218,300 278,400 325,800 369,000 369,000 424,000
Subscribers[3]
ARPU[4] 67 67 70 71 72 72 72
(SEK/Month)
Print
Publishing[6]
Revenue 107,316 109,053 116,371 179,562 114,737 114,737
Contribution 32,775 28,830 33,327 65,592 41,678 41,678
Profit[7]
Contribution 30.5% 26.4% 28.6% 36.5% 36.3% 36.3%
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 Starting in Q1 2020
Forthcoming reports
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Interim Report Jan -
· Interim Report Jan -
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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/interim-report-january---march-2020--storytel-ab--publ-,c3109168
https://mb.cision.com/Main/11546/3109168/1245948.pdf
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