Press release from Companies
Publicerat: 2018-11-15 08:24:28
Click here to watch the quarterly video with CEO Jonas Tellander and CFO Sofie Zettergren. For the full report see attached pdf.
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 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.
Highlights from q3 2018 report
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 Profit2
27 784
30 277
24 079
25 045
22 063
Contribution Margin
14,0%
14,5%
10,8%
10,5%
7,9%
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
28,9%
32,6%
35,3%
28,4%
30,1%
Paying Subscribers
282 300
292 700
305 100
314 700
336 200
341 000
ARPU (SEK/Month)
134
134
133
133
135
134
Streaming International4
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
-6,0%
-9,0%
-19,0%
-9,5%
-13,1%
Paying Subscribers
221 600
240 700
272 800
306 500
384 700
424 000
ARPU (SEK/Month)
127
126
122
123
125
120
Print Publishing5
Revenue
132 619
173 832
106 312
115 898
116 252
Contribution Profit6
47 905
66 854
39 223
41 889
40 140
Contribution Margin
36,1%
38,5%
36,9%
36,1%
34,5%