Brief: Storytel Q1 Streaming Revenues At SEK 699 Mln, In Line With Forecasts

Storytel AB (publ)

07/04/2022 07:06

April 7 (Reuters) - Storytel AB (publ)  STORYb.ST :
    * STORYTEL'S Q1 2022 STREAMING REVENUE IN LINE WITH FORECAST
    * Q1 STREAMING REVENUES CAME IN AT 699 MSEK, IN LINE WITH
FORECASTS FOR BOTH NORDICS AND NON-NORDICS SEGMENTS
    * STREAMING REVENUES IN NORDICS FOR Q1 OF 2022 CAME IN AT
459 MSEK
    * Q1 2022 STREAMING REVENUES FOR NON-NORDICS SEGMENT
TOTALLED 240
MSEK, COMPARED TO 115 MSEK IN Q1 2021
    * ACQUISITION OF AUDIOBOOKS.COM CONTRIBUTED CONSIDERABLY IN
Q1
WITH REVENUE OF 82 MSEK AND AN INCREASED ARPU TO 81 SEK FOR
SEGMENT, COMPARED TO 66 SEK A YEAR AGO
    * QUARTER ALSO INCLUDED A SLIGHT NEGATIVE REVENUE EFFECT DUE
TO
STORYTEL'S COMMUNICATED PAUSE OF ITS RUSSIAN OPERATIONS IN MARCH
    * Q1 AVERAGE NUMBER OF PAYING SUBSCRIBERS IN NON-NORDICS
SEGMENT
WAS 990,000, AN INCREASE WITH 406,900 PAYING SUBSCRIBERS,
COMPARED TO Q1 OF 2021

Source text for Eikon:  ID:nWkrTHXVW 
Further company coverage:  STORYb.ST 

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