Storytel's revenue beats expectations on audiobook demand
05/08/2022 07:05
STOCKHOLM, Aug 5 (Reuters) - Swedish audiobook streaming
group Storytel STORYb.ST on Friday reported second-quarter
revenue ahead of analysts' expectations, helped by growth across
the Nordics, Europe and the United States.
Quarterly net sales rose 28% to 781 million Swedish crowns
($77.16 million) from 611 million crowns a year earlier.
Analysts had expected 774 million crowns, according to data from
Refinitiv. urn:newsml:reuters.com:*:nWkrb0CVxg
($1 = 10.1220 Swedish crowns)
(Reporting by Supantha Mukherjee in Stockholm, editing by Terje
Solsvik)
((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004;
Reuters Messaging:
supantha.mukherjee.thomsonreuters.com@reuters.net))