Q2 2026 Storytel AB (publ) Earnings Call Transcript
Key Points
- Storytel AB (STRYF) reported strong revenue growth of 12.7% in constant currencies, with 10.7% being organic growth.
- The adjusted EBITDA margin improved to 19.2%, up from 16.8% a year ago, marking a 27% year-on-year growth in EBITDA.
- Net profit more than doubled to SEK 100 million from SEK 47 million, with earnings per share increasing to 1.18 from 0.54.
- Subscriber base grew by 7.2% year-on-year to 2.75 million, with significant growth outside the Nordics.
- Successful acquisition of Over Amstel, which is expected to drive growth in the Benelux region and strengthen the company's European footprint.
- The run rate for the first half of the year was slightly below the previous year due to campaign planning, impacting subscriber growth in Q2.
- A slight increase in churn was observed in the Nordic segment, particularly in Finland due to changes in the campaign mix.
- ARPU in the Americas decreased to 129 kronas from 138 a year ago, primarily due to FX and mix changes.
- Cash flow for the period was negative 187 million, impacted by investments and acquisitions.
- The European segment's gross margin was affected by growth in markets with slightly lower margins, such as Poland.
Welcome to StoryTell Q2 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 CFO, Stefan Ward. Please go ahead.
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Thank you and good morning and welcome to you all to our earnings call for the second quarter of 2026. Regarding today's call, I will be hosting it on my own as Bodil had an accident at her home this morning and dislocated her shoulder. She's unable to attend and needs to have the shoulder looked at. Aside from that, she's doing fine and she'll be back as soon as she's sorted out the problem with the shoulder. We're pleased to report a solid performance for the second quarter with strong revenue growth and continued margin expansion.
On the back of this solid organic performance and the acquisition of our Amstel, we are raising our 2026 full year guidance for adjusted EBITDA to be at least $900 million from earlier $870
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