Brief: Storytel Q3 Streaming Revenue Up At SEK 842 Mln

Storytel AB (publ)

31/10/2023 07:15

Oct 31 (Reuters) - Storytel AB (publ)  STORYb.ST :
    * Q3 NET SALES SEK 896 MILLION VERSUS SEK 806 MILLION YEAR
AGO
    * Q3 STREAMING REVENUE SEK 842 MILLION VERSUS SEK 742
MILLION YEAR
AGO
    * Q3 GROUP REVENUE SEK 895.8 MILLION VERSUS SEK 805.8
MILLION YEAR
AGO
    * Q3 AVERAGE. PAYING SUBSCRIBERS 2,144,000 VERSUS 2,064,000
YEAR
AGO
    * 2023 OUTLOOK: ORGANIC STREAMING REVENUE GROWTH IN LINE
WITH
PREVIOUS YEAR, 11 PERCENT (EXCLUDING AUDIOBOOKS.COM AND RUSSIA)
    * 2023 OUTLOOK: WELL ABOVE 6.4 PERCENT EBITDA MARGIN
(ADJUSTED FOR
ITEMS AFFECTING COMPARABILITY)
    * 2023 OUTLOOK: OPERATIONAL CASH FLOW (ADJUSTED EBITDA LESS
OPERATIONAL CAPEX) OF AT LEAST 80 MSEK
    * SIGNIFICANT EBITDA IMPROVEMENT IS DRIVEN BY STRONG GROWTH
IN
STREAMING REVENUE WHICH IS GROWING FASTER THAN COSTS AS A RESULT
OF CONTINUED COST EFFICIENCY MEASURES

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

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