Q1 2026 Storytel AB (publ) Earnings Call Transcript
Key Points
- Storytel AB (FRA:DST) reported a strong start to 2026 with an 8% revenue growth in constant currency.
- The company achieved a significant EBITDA margin expansion to 17%, up from 14% in Q1 of the previous year.
- Storytel AB (FRA:DST) added 72,000 paying subscribers, marking an 8% year-on-year increase, with a total of 2.74 million subscribers.
- The European segment crossed the 1 million subscriber mark for the first time, indicating strong growth in new markets.
- The company ended the quarter with a net cash position of SEK220 million, showcasing a strengthened financial position.
- Storytel AB (FRA:DST) faced material currency headwinds, which impacted reported net sales growth, limiting it to 3%.
- The Average Revenue Per User (ARPU) declined by 5.5% due to foreign exchange headwinds, particularly from the North American market.
- Despite strong subscriber growth, the Americas segment experienced significant FX-related revenue headwinds due to a weaker dollar.
- The company's ARPU pressure is expected to continue as growth in lower ARPU regions like Europe and America increases.
- There is a potential risk of cannibalization in mature markets due to vertical integration and prioritization of in-house publishing.
Welcome to Storytel Q1 Report 2026. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to the CEO, Bodil Eriksson Torp. Please go ahead.
Good morning, everyone, and welcome to Sunny Stockholm and our earnings call for the first quarter this year. I Am Bodil Ericksson Torp, CEO of Storytel Group, and together with me here today is our CFO, Stefan Ward.
We are glad to announce that we are off to a good start for this year 2026. With a strong subscriber growth, increased profitability, and a strong cash flow generation driven by strong operational performance. We are well on track to continue to deliver our guidance. Here comes some of our strong highlights.
We have started off the year with a solid start, with revenue growth of almost 8% in constant currency. And we continue margin expansion to an EBITDA margin of 17% compared with 14% Q1 last year. We continue to
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