Storytel AB (publ)
OTC:STRYF
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Storytel AB (publ)
Storytel AB engages in the provision of digital subscription services. The company is headquartered in Stockholm, Stockholm. The company went IPO on 2005-12-20. Massolit Forlag AB is a wholly owned subsidiary of the Company that publishes children’s books and adult literature in current and future format, and mainly sells authorship fiction and non-health/personal development. With Massolit Interactive Studio (ub) the Company will launch a program for digital publishing (applications for smart phones and tablets) at the side of electronic books and MP3 audio books that are already given out through Elib, Storytel and iTunes, among others. The applications are primarily sold through the Apple Appstore and Google Play. The firm operates as a wholly owned subsidiary of Massolit Media AB.
Storytel AB engages in the provision of digital subscription services. The company is headquartered in Stockholm, Stockholm. The company went IPO on 2005-12-20. Massolit Forlag AB is a wholly owned subsidiary of the Company that publishes children’s books and adult literature in current and future format, and mainly sells authorship fiction and non-health/personal development. With Massolit Interactive Studio (ub) the Company will launch a program for digital publishing (applications for smart phones and tablets) at the side of electronic books and MP3 audio books that are already given out through Elib, Storytel and iTunes, among others. The applications are primarily sold through the Apple Appstore and Google Play. The firm operates as a wholly owned subsidiary of Massolit Media AB.
Strong Revenue Growth: Storytel reported group net sales of SEK 953 million in Q1, up 7.4% year-over-year, with both Streaming and Publishing contributing solidly.
Profitability Improvement: Adjusted EBITDA rose over 40% to SEK 150 million, with the margin rising to 15.7% from 11.7% last year, driven by higher gross margin and cost discipline.
Subscriber Milestone: Paying subscribers averaged 2.5 million in the quarter, an 11% increase year-over-year.
Publishing Outperformance: Publishing segment revenues grew 16% to SEK 283 million, while EBITDA rose 24% to SEK 66 million.
Lower Subscriber Acquisition Cost: Subscriber acquisition costs declined year-over-year due to more effective marketing.
Cash Flow Strength: Cash flow from operating activities before working capital was SEK 88 million, up from SEK 28 million last year.
Leverage Reduction: Leverage ratio improved significantly to 0.18 from 1.0 a year ago.
Guidance Pending: No formal 2025 outlook was provided; updates expected at the Capital Markets Day on May 15.
