Storytel Ab Class B · OMXSTO:STORY_B
Storytel Ab Class B — Q3 2025 Earnings Presentation
15 slides from Storytel Ab Class B's earnings presentation, Oct 28, 2025
Slide 1: Third Quarter 2025
Third Quarter 2025 October 28, 2025
Slide 2: CEO quote on record profitability
“We have delivered record high profitability, solid customer intake, and robust cash flow generation. Our performance reinforces our confidence in achieving our mid-term targets, while we raise our margin guidance for 2025..” Third quarter report 2025
Slide 3: Bodil Eriksson Torp, CEO and Stefan Wård, CFO
Bodil Eriksson Torp Stefan Wård CEO CFO Third quarter report 2025
Slide 4: Q3 2025 Highlights
Q3 2025 Highlights Strong operational momentum ○ Revenue +9% at constant exchange rates (CER) ○ Record-high profitability ○ Strong subscriber growth ○ All-time-low paid churn ○ Entry into new markets and extended customer segments ○ Blended ARPU down 7 SEK, negative FX impact of 4 SEK Strengthened st
Slide 5: Group Financial Highlights Q3 2025
Group Financial Highlights Q3 2025 Comments Net sales up 6% (9% in CER) Stable Gross Profit Margin Q3 2025 compared with Q3 2024 ● Group revenue +9% in CER (organic +8% CER) MSEK ● Streaming revenues 7% CER, Publishing revenues 16% CER ● Gross Profit +6%, margin of 45.4% (45.5) ● Adjusted EBITDA +26%
Slide 6: LTM-development Net sales and adj. EBITDA margin
LTM-development Net sales and adj. EBITDA margin LTM EBITDA adj. 729 (509) MSEK, +43% YoY MSEK Third quarter report 2025
Slide 7: Streaming Performance Q3 2025
Streaming Performance Q3 2025 Comments Q3 2025 compared with Q3 2024 10% Increase in Average Subscribers ARPU remain at a solid level ● Ave paying subs +236,000, +10% YoY Avg subscribers (thousands) ○ Nordics* +58,000, +5% YoY ○ Non-Nordics Core** +160,000, SEK +17% YoY ○ Rest of World +18,000, +10%
Slide 8: Streaming segment
Comments Streaming segment Q3 2025 compared with Q3 2024 Streaming (MSEK) Q3-25 Q3-24 Change, % ● Streaming sales +4% (+7% in CER) to Net sales 884 852 4% 884 (852) MSEK Cost of sales -521 -499 4% Gross profit 364 353 3% ○ Nordics: sales +2% (+4% in CER), subs +5%, ARPU -2% Operating profit 120 84 43%
Slide 9: Publishing segment
Publishing segment Comments Q3 2025 compared with Q3 2024 Publishing (MSEK) Q3-25 Q3-24 Change, % Net sales 324 285 14% ● Net sales up 14% to 324 (285) MSEK Cost of sales -209 -187 12% Gross profit 115 98 17% ● Gross profit up 17% to 115 (98) MSEK with a margin of 35.5% (34.5%) Operating profit 68 47 4
Slide 10: Strong Cash flow generation
Strong Cash flow generation Comments Q3 2025 compared with Q3 2024 MSEK Q3-25 Q3-24 2024 Profit before tax 144 62 236 Adjustments for non-cash items relates mainly to depreciation and amortization, FX Cash flow from operating activities before change movements and changes in provisions in working capi
Slide 11: Solid financial position
Solid financial position Comments MSEK Q3-25 Q3-24 Q4-24 Q3 2025 compared with Q3 2024 Intangible assets 1,871 1,838 1,994 Tangible assets 17 15 14 Right-of-use assets 62 77 71 ● Cash & equivalents 527 (448) MSEK Non-current financial assets 76 69 68 Inventory 85 57 53 ● Interest bearing debt 550 (65
Slide 12: High degree of financial flexibility
High degree of financial flexibility Comments Q3 2025 compared with Q3 2024 Net Interest-Bearing Debt (MSEK) Q3-25 Q3-24 Q4-24 Interest-bearing liabilities within Current liabilities 550 650 - ● Net debt was 23 (202) MSEK Interest-bearing liabilities within Non-current liabilities - - 650 Cash and c
Slide 13: Summary
Summary ● Raised adjusted EBITDA margin target for 2025 ● Strong paid subscriber intake ● Record-high profitability and strong financial position ● Paid churn at all-time-low ● Launch of several new product features ● Estonia launch and new partnership in Chile ● Appointed Stefan Wård as new CFO Third
Slide 14: Strategic direction…
Strategic direction… …to deliver on mid-term financial targets ● Strengthen our leading position in the Nordics, increase growth in non-Nordics core and expand into new adjacent markets ○ Synergies between Streaming and Publishing segments ○ Continued focus on operational excellence ○ Invest in our p
Slide 15: Storytel Group
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