Storytel revenue misses expectations
03/11/2022 07:19
STOCKHOLM, Nov 3 (Reuters) - Swedish audiobook streaming
group Storytel STORYb.ST on Thursday reported third-quarter
revenue below analysts' expectations as phasing out from Russia
and third-party distribution issues hit sales volume.
Quarterly net sales rose 18% to 806 million Swedish crowns
($72.46 million) from 681 million crowns a year earlier.
Analysts had expected 829 million crowns, according to data from
Refinitiv.
($1 = 11.1237 Swedish crowns)
(Reporting by Supantha Mukherjee in Stockholm; editing by
Niklas Pollard)
((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004;
Reuters Messaging:
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