Highlights from q3 2018 report
- Subscriber base up 43% Y/Y to 720 900 in average in Q3, 2018.
- Streaming sales up 41% Y/Y to 280 MSEK in Q3, 2018, on track to reach 1 000 MSEK in 2018
- Subscriber base up 43% Y/Y to 720 900.
- Streaming sales up 41% Y/Y to 280 MSEK, on track to reach 1 000 MSEK in 2018
- International streaming sales now 51% of total Streaming sales
- Opened up an office in Bangkok to serve the Asian Region which Storytel will enter in 2019
- Successfully completed a share issue amounting to 500 MSEK
- Norstedts Förlagsgrupp AB acquired Printz Publishing with authorships such as Jojo Moyes. The acquisition was completed Oct 1st and will be consolidated from the completion date
| Key numbers for Streaming and Print Publishing | ||||||
| Currency: thousand SEK | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 Forecast (1) |
| Streaming Total | ||||||
| Revenue | 197 881 | 209 225 | 222 133 | 239 139 | 279 979 | 290 000 |
| Contribution Profit (2) | 27 784 | 30 277 | 24 079 | 25 045 | 22 063 | |
| Contribution Margin | 14,00% | 14,50% | 10,80% | 10,50% | 7,90% | |
| Paying Subscribers | 503 900 | 533 400 | 577 900 | 621 200 | 720 900 | 765 000 |
| ARPU (SEK/Month) (3) | 131 | 131 | 128 | 128 | 129 | 126 |
| Streaming Sweden | ||||||
| Revenue | 113 709 | 118 038 | 122 046 | 125 759 | 135 986 | 137 500 |
| Contribution Profit | 32 872 | 38 501 | 43 067 | 35 763 | 40 888 | |
| Contribution Margin | 28,90% | 32,60% | 35,30% | 28,40% | 30,10% | |
| Paying Subscribers | 282 300 | 292 700 | 305 100 | 314 700 | 336 200 | 341 000 |
| ARPU (SEK/Month) | 134 | 134 | 133 | 133 | 135 | 134 |
| Streaming International (4) | ||||||
| Revenue | 84 172 | 91 187 | 100 087 | 113 380 | 143 993 | 152 500 |
| Contribution Profit | -5 088 | -8 224 | -18 988 | -10 718 | -18 826 | |
| Contribution Margin | -6,00% | -9,00% | -19,00% | -9,50% | -13,10% | |
| Paying Subscribers | 221 600 | 240 700 | 272 800 | 306 500 | 384 700 | 424 000 |
| ARPU (SEK/Month) | 127 | 126 | 122 | 123 | 125 | 120 |
| Print Publishing (5) | ||||||
| Revenue | 132 619 | 173 832 | 106 312 | 115 898 | 116 252 | |
| Contribution Profit (6) | 47 905 | 66 854 | 39 223 | 41 889 | 40 140 | |
| Contribution Margin | 36,10% | 38,50% | 36,90% | 36,10% | 34,50% | |
(1) Forecast is an approximation based on information available at time of reporting.
(2) Contribution Profit is defined as streaming revenue minus costs for content (licensed content and in-house productions) and marketing. Storytel Reader is not included in Streaming.
(3) ARPU = Average Revenue Per User (Subscriber) per month
(4) Storytel Norway included in figures @ 100%. In the consolidated group accounts Norway is reported according to the principle of proportional consolidation.
(5) Print Publishing refers to physical books. Internal transactions have been redacted. Barnens bokklubb not included in table.
(6) Contribution Profit is defined as revenue minus cost per sold unit, distribution costs, and sales and marketing costs.
The year-end report for January – December will be released on February 25th, 2019
This information is such information that Storytel AB (publ) is obliged to make public in accordance with EU:s market regulation (marknadsmissbruksförordning). The information was made public by above contact person on November 15th, 2018, 8.20 CET.
For more information, please contact:
Jonas Tellander, CEO: +46 70 261 61 36
Sofie Zettergren, CFO: +46 70 509 98 08
About Storytel
The Storytel group is comprised of two divisions, Streaming and Publishing. The Streaming division currently offers a subscription service for audio books and e-books under the brand names Storytel and Mofibo in Sweden, Norway, Denmark, Finland, Iceland, The Netherlands, Poland, Russia, Spain, India, the United Arab Emirates, Turkey and Italy. The Streaming division also publishes audio books and Storytel Originals, mainly through the audio-book publisher Storyside. The Publishing division is comprised of the publishers Norstedts, Massolit, Printz Publishing, Kontentan, Telegram, the Danish People’s Press, Storytel Publishing, Rabén & Sjögren and B. Wahlströms, as well as Norstedts Kartor.