Storytel AB (publ) (STORY_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

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 storytelling, I'm pleased that we have entered 2025 with strong momentum for our first quarter based upon over 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. The acquisition of Bokförbyggen further strengthened our content offering with a proven catalog of commercially successful titles that resonates well with our streaming audience. Here are our group financial highlights for the first quarter this year. Group net sales increased by 7.4% year over year to 953 million SEK. Especially our publishing segment and the non-Nordics core region with the streaming segment, making a particularly strong contribution to the sales increase. Gross profit margin improved by two percentage points, supported by a higher share of high quality and cost efficient content. Adjusted EBITDA increased by over 40% to 150 million SEK year over year, reaching a margin of 15.7%. The significant year-over-year improvement from 11.7% is driven by increased gross margin, further realization...