Highlights
Financial- Streaming sales up 19% from Q2 2020 to 545 (459) MSEK, +22% with constant exchange rates
-
Subscriber base up 29% from Q2 2020 to 1,626,900 (1,257,000) on average
-
Net turnover increased to 641 (554) MSEK in Q2 2021
-
Earnings per share, after taxes amounted to -2.04
(-0.91) SEK in Q2 2021, before and after dilution
Other- Held the Annual General Meeting of Shareholders on
May 4 -
Signed agreement to acquire the Finnish publishing house
Aula & Co AB -
Entered into a partnership with Spotify making
Storytel's catalogue available on the Spotify platform by linking the two accounts
Highlights After the End of the Quarter- Revised the forecast for FY 2021
-
From 2.1 - 2.2 million subscribers EOY to 1.95 - 2.0 million subscribers EOY
-
From 2,400 - 2,500 MSEK in streaming revenues to 2,250 - 2,300 MSEK in streaming revenue
-
From 0 - 5% negative EBIDTA margin to 6 - 8% negative EBITDA margin
Table 1: Key Performance Indicators for Streaming and Books
- Streaming sales up 19% from Q2 2020 to 545 (459) MSEK, +22% with constant exchange rates
- Subscriber base up 29% from Q2 2020 to 1,626,900 (1,257,000) on average
- Net turnover increased to 641 (554) MSEK in Q2 2021
-
Earnings per share, after taxes amounted to -2.04
(-0.91) SEK in Q2 2021, before and after dilution
Other- Held the Annual General Meeting of Shareholders on
May 4 -
Signed agreement to acquire the Finnish publishing house
Aula & Co AB -
Entered into a partnership with Spotify making
Storytel's catalogue available on the Spotify platform by linking the two accounts
Highlights After the End of the Quarter- Revised the forecast for FY 2021
-
From 2.1 - 2.2 million subscribers EOY to 1.95 - 2.0 million subscribers EOY
-
From 2,400 - 2,500 MSEK in streaming revenues to 2,250 - 2,300 MSEK in streaming revenue
-
From 0 - 5% negative EBIDTA margin to 6 - 8% negative EBITDA margin
Table 1: Key Performance Indicators for Streaming and Books
- Revised the forecast for FY 2021
- From 2.1 - 2.2 million subscribers EOY to 1.95 - 2.0 million subscribers EOY
- From 2,400 - 2,500 MSEK in streaming revenues to 2,250 - 2,300 MSEK in streaming revenue
- From 0 - 5% negative EBIDTA margin to 6 - 8% negative EBITDA margin
Table 1: Key Performance Indicators for Streaming and Books
TSEK | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 |
Streaming Total1 | Forecast | |||||
Revenue | 459,115 | 490,234 | 503,449 | 517,075 | 545,451 | 586,000 |
Contribution Profit | 100,493 | 113,663 | 107,074 | 97,592 | 105,933 | |
Contribution Margin | 21.9% | 23.2% | 21.3% | 18.9% | 19.4% | |
Avg. Paying Subscribers | 1,257,000 | 1,360,300 | 1,442,000 | 1,540,600 | 1,626,900 | 1,723,000 |
ARPU | 122 | 120 | 116 | 112 | 112 | 113 |
Streaming Nordics1 | ||||||
Revenue | 366,322 | 394,453 | 399,639 | 401,834 | 423,323 | 451,000 |
Contribution Profit | 107,176 | 125,534 | 134,166 | 119,418 | 127,010 | |
Contribution Margin | 29.3% | 31.8% | 33.6% | 29.7% | 30.0% | |
Avg. Paying Subscribers | 833,300 | 902,000 | 926,000 | 957,500 | 983,600 | 1,033,000 |
ARPU | 147 | 146 | 144 | 140 | 143 | 146 |
Streaming Non-Nordics | ||||||
Revenue | 92,793 | 95,781 | 103,810 | 115,240 | 122,128 | 135,000 |
Contribution Profit | -6,684 | -11,872 | -27,092 | -21,826 | -21,078 | |
Contribution Margin | -7.2% | -12.4% | -26.1% | -18.9% | -17.3% | |
Avg. Paying Subscribers | 423,700 | 458,300 | 516,000 | 583,100 | 643,300 | 690,000 |
ARPU | 73 | 70 | 67 | 66 | 63 | 65 |
Books | ||||||
Revenue | 126,743 | 150,391 | 197,346 | 125,189 | 149,962 | |
Contribution Profit | 44,147 | 63,667 | 81,774 | 52,852 | 66,479 | |
Contribution Margin | 34.8% | 42.3% | 41.4% | 42.2% | 44.3% | |
1. Storytel Norway is included in the figures @ 100%. In the consolidated accounts,
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