Storytel AB (publ) (STORY_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome everyone. I'm Bård-Ledersson Torp, the CEO of Storytel Group and together with me here today is of course our Group CFO, Stefan Ward. We are happy to deliver record strong Q4 and full year for Storytel with good financial and operational performances across both our streaming and publishing segments. We conclude 2025 with record high profitability and a strong cashflow generation. And we can say that we are in a good shape to continue our progress in 2026. So here comes some of our strong highlights. for 2025 and Q4. Our Q4 highlights includes continuous strong top-line growth with improved profitability and a strong cash flow generation. Our streaming business delivered subscriber growth of 9%, reaching 2.7 million paying subscribers at the end of 2025. Our subscriber growth was strong across all our core markets in Q4 and also for the full year 2025. And the churn continued lower throughout the whole year, while ARPU levels in local markets remained stable. And this is, of course, a good indicator of the value that we bring to our book lovers. Our publishing business continued to deliver very good performance as well, with external revenue growth of 18% in constant currency, also with high expanding profitability. In publishing, we had a strong list of new releases, also in Q4, such as, for example, the August prize winner and the best-selling title, Vitran, with Bea Usma. And we have also today announced that we during Q4 started the process to transfer our listing to Nasdaq in Stockholm market, main market. And it's expected to be complete in 2026. So now over to our financial performance in the quarter. We delivered sales growth of 12% in constant currencies and EBITDA growth of 15% in the quarter. Our gross margin was at the new all-tim...