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Storytel exceeds forecast – strong revenue and subscriber growth in Q3 2019

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Storytel had 1,014,400 paying subscribers on average in Q3 2019, which is an increase of 126,900 subscribers compared to Q2 2019. Storytel’s strong growth thus exceeds the previously published forecast of 1,005,000 paying customers. Streaming revenue for Q3 2019 was 399 MSEK, compared to the forecast of 395 MSEK. This corresponds to an increase of 79 MSEK compared to Q2 2019, and revenue growth is 43% compared to Q3 2018.
“Storytel exceeds the forecast for the period, both in terms of revenue and subscribers, with strong customer intake that has lifted us past yet another fantastic milestone.

Source: Storytel exceeds forecast – strong revenue and subscriber growth in Q3 2019

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