·
Streaming sales up 23% from Q3 2019 to 490 (399) MSEK.
· Subscriber base up 34% from Q3 2019 to 1,360,300 (1,014,400) on average.
· Net turnover increased to 609 MSEK from 491 MSEK in Q3 2019.
· Earnings per share, after taxes amounted to
· Entered into an agreement to acquire a 70 percent majority interest in
· Acquired Kitab Sawti, a leading audiobook streaming service in the
· Acquired an 80 percent majority interest in
· Entered into an agreement to acquire iCast Ltd ("iCast"), an audiobook streaming pioneer on the Israeli market.
Table 1: Key performance indicators for Streaming and Print Publishing
[][][][][][][][][][][][][][]
Currency: SEK Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
000's
Streaming
Total Actual[8] Forecast[1]
Revenue 399,178 421,454 429,251 459,115 490,234 499,500
Contribution 53,043 58,977 92,611 100,493 113,663
Profit[2,8]
Contribution 13.3% 14.0% 21.6% 21.9% 23.2%
Margin
Avg. Paying 1,014,400 1,083,400 1,154,800 1,257,000 1,360,300 1,435,000
Subscribers[3]
ARPU[4] 131 130 124 122 120 116
(SEK/Month)
Streaming
Nordics[5]
Revenue 340,315 352,222 349,768 366,322 394,453 396,000
Contribution 109,563 115,689 113,476 107,176 125,534
Profit[2,8]
Contribution 32.2% 32.8% 32.4% 29.3% 31.8%
Margin
Avg. Paying 736,000 757,600 785,800 833,300 902,000 922,000
Subscribers[3]
ARPU[4] 154 155 148 147 146 143
(SEK/Month)
Streaming Non
-Nordics
Revenue 58,863 69,233 79,484 92,793 95,781 103,500
Contribution -56,521 -56,713 -20,866 -6,684 -11,872
Profit[2,8]
Contribution -96.0% -81.9% -26.3% -7.2% -12.4%
Margin
Avg. Paying 278,400 325,800 369,000 423,700 458,300 513,000
Subscribers[3]
ARPU[4] 70 71 72 73 70 67
(SEK/Month)
Print
Publishing[6]
Revenue 116,371 179,562 114,737 126,743 150,391
Contribution 33,327 65,592 41,678 44,147 63,667
Profit[7]
Contribution 28.6% 36.5% 36.3% 34.8% 42.3%
Margin
___________________________
1 Forecast means an approximation based on information available at the time the report was prepared.
2 Contribution Profit is defined as streaming revenue minus royalties to third-party publishers and rights holders, external production costs, transaction/payment costs and marketing costs. Storytel Reader and Ztory are not included in Streaming.
3 Avg. Paying Subscribers means the average number of paying
4 ARPU = Average Revenue Per User (Subscriber) per month.
5 Storytel Norway is included in the figures @ 100%. In the consolidated accounts,
6
7 Contribution Profit is defined as revenue minus cost of goods sold, royalties to rights holders, distribution, sales and marketing costs.
8
Forthcoming reports
·
Year-End Report 2020 -
·
Annual Report 2020 -
·
Interim Report Jan -
·
Interim Report Jan -
· Interim Report Jan -
Annual general meeting of shareholders
The annual general meeting of shareholders will be held in
This disclosure contains information that
Board of Directors,
For more information, please contact:
Jörgen Gullbrandson, Interim CFO: +46 73 378 01 75
About
https://news.cision.com/storytel/r/interim-report-january---september-2020-storytel-ab--publ-,c3234097
https://mb.cision.com/Main/11546/3234097/1332756.pdf
(c) 2020 Cision. All rights reserved., source