Reports
Publicerat: 2018-05-15 08:30:00
Click here to watch the earnings call with CEO Jonas Tellander and CFO Sofie Zettergren As of the first quarter 2018 some changes have been made in the reporting structure. Storytel's financial reports will only be published in English, Storytel's corporate language and an excel-sheet will be published containing historical financial data to better support our investors and shareholders. For the full quarterly report, see pdf attached.
Highlights from Q1 2018 Subscriber base up 51% Y/Y to 577 900, on track to reach 800 000 in 2018 Streaming sales up 43% Y/Y to 222 MSEK, on track to reach 1 000 MSEK in 2018 International streaming sales now 45%, on track to surpass 50% in 2018 Storytel launched in Iceland during Q1 and after end of quarter in UAE and Turkey E-book reading device (Storytel Reader) to be launched before summer "The year has started great, Storytel is on track to meet all its 2018 goals, subscriber count, streaming revenues, international sales and new market launches", says Storytel's CEO Jonas Tellander Today Storytel sent out a separate press release announcing the release of a dedicated e-book device, Storytel Reader: "The launch of Storytel Reader makes me super-excited. The combination of the Storytel subscription and the Reader is truly addictive. I personally love reading on it and look forward to seeing it in the hands of many vacation-goers this summer " says Storytel's CEO Jonas Tellander. 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. 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. People’s Press is included in the group from Q2, 2017 –– in this table it is included in each quarter, in an attempt to show comparisons. In Group Accounts all acquisitions are included from the acquisition date. 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 interim report for January - June will be released on August 15, 2018 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 May 15th, 2018, 8.30 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 consists of two parts, Streaming and Print Publishing. The Streaming business area offers subscriptions for audio books and eBooks under the Storytel and Mofibo brands, currently in Sweden, Norway, Denmark, Finland, Iceland, The Netherlands, Poland, Russia, Spain, India, the UAE and Turkey. It also includes audio book publishing which is mainly under the imprint Storyside. The audio book publishing business also includes brands such as Storytel Originals, Storytel Dox and Storytel Brief. The Print Publishing business area is carried out through the Swedish publishing houses Norstedts, Storytel Publishing, and the Danish publisher People's Press and includes the children’s literature and young adult brands Rabén & Sjögren and B.Wahlströms as well as Norstedts Kartor.
Currency: thousand SEK
Q1 2017
Q2 2017
Q3 2017
Q4 2017
Q1 2018
Q2 2018
Streaming Total
Forecast1
Revenue
155 660
167 008
197 881
209 225
222 133
236 000
Contribution Profit2
32 133
27 847
27 784
30 277
24 079
Contribution Margin
20,60%
16,70%
14,00%
14,50%
10,80%
Paying Subscribers
381 200
423 200
503 900
533 400
577 900
620 000
ARPU3 (SEK/Month)
136
132
131
131
128
127
Streaming Sweden
Revenue
96 177
101 365
113 709
118 038
122 046
125 000
Contribution Profit
32 678
31 257
32 872
38 501
43 067
Contribution Margin
34,00%
30,80%
28,90%
32,60%
35,30%
Paying Subscribers
241 400
255 800
282 300
292 700
305 100
314 000
ARPU (SEK/Month)
133
132
134
134
133
133
Streaming International4
Revenue
59 483
65 643
84 172
91 187
100 087
111 000
Contribution Profit
-545
-3 410
-5 088
-8 224
-18 988
Contribution Margin
-0,90%
-5,20%
-6,00%
-9,0%
-19,00%
Paying Subscribers
139 800
167 400
221 600
240 700
272 800
306 000
ARPU (SEK/Month)
142
131
127
126
122
121
Print Publishing5
Revenue
104 137
111 969
132 619
173 832
106 312
Contribution Profit6
37 543
37 840
47 905
66 854
39 223
Contribution Margin
36,10%
33,80%
36,10%
38,50%
36,90%