Q1 2025 Storytel AB (publ) Earnings Call Transcript
Key Points
- Storytel AB (FRA:DST) reported a 7.4% year-over-year increase in group net sales, reaching SEK 953 million.
- The publishing segment experienced a strong start to the year with a 16% revenue growth, reaching SEK 283 million.
- Adjusted EBITDA increased by over 40% to SEK 150 million, with a margin improvement to 15.7%.
- The subscriber base grew by 11% year-over-year, adding 245,000 subscribers, reaching 2.5 million paying subscribers.
- The acquisition of Bokfabriken enhanced Storytel's content offering, contributing to the company's growth in the streaming segment.
- The ARPU (Average Revenue Per User) decreased by 3% year-over-year due to lower price tiers and changes in geographical mix.
- Cash flow from investing activities was negative, amounting to SEK -93 million, primarily due to the acquisition of Bokfabriken.
- The total group cash flow for the period was negative at SEK -73 million.
- There was a slight decrease in both equity and total assets compared to the year-end, primarily due to currency effects.
- Sales and marketing costs were higher than any single quarter last year, impacting overall profitability.
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Good morning, everyone, and welcome to Storytel Group's Q1 2024 earnings call.
We are pleased to report solid financial results demonstrating strong momentum for the start of this year across both streaming and publishing.
I am Bodil Eriksson Torp, the CEO of Storytel Group. Joining me today, filling in for Peter Messner is our head of finance, [Jonas Olsson].
As we celebrate 20 years of leading innovation in storyteling, I'm pleased that we have entered 2025, with strong momentum for our first quarter based upon over SEK 2.5 million paying subscribers.
This first quarter delivered robust financial results reflecting strong progress across both our streaming and publishing segments. The publishing segment achieved remarkable sales growth driven by strong performance in both external and internal channels. Combined with continued advancements in streaming, this highlights the strength of our business model. And reinforces our positive outlook for the rest of the year.
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