Selskabsmeddelelse

Storytel Group reports record profitability and strong cash generation in the fourth quarter and full year 2025

“Our integrated streaming and publishing strategy delivered record profitability and cash flow generation for 2025. As we enter 2026, we are focused on scaling this momentum by leveraging AI-driven innovation to lead the future of storytelling”, says Bodil Eriksson Torp, CEO Storytel Group.

Q4 Highlights

Revenue growth of +12% in constant exchange rates (CER)
Streaming revenues +10% at CER
Publishing revenues +13% at CER
Gross margin of 47.0% (46.4%)
Adjusted EBITDA margin of 20.0% (18.6%)
Recognition of deferred tax asset, impact of +195 MSEK on net profit
Net profit for the period amounted to 300 (149) MSEK
EPS of 4.53 (1.82), diluted
Net cash position of 136 MSEK, end of Q4’25

January-December Highlights

Revenue growth of +9% in constant exchange rates (CER)
Streaming revenues +8% at CER
Publishing revenues +15% at CER
Gross margin of 45.6% (44.8%)
Adjusted EBITDA margin of 18.8% (15.8%)
Recognition of deferred tax asset, impact of 195 MSEK on net profit
Net profit of 504 (213) MSEK
EPS of 6.22 (2.54), diluted
Proposed dividend of SEK 1.50 for 2025
Initiated process for listing on Nasdaq Stockholm Main Market during 2026

Financial summary

MSEK	Q4 2025	Q4 2024	Change	Jan-Dec 2025	Jan-Dec 2024	Change
Group Revenue¹	1,098	1,028	7%	4,023	3,798	6%
Streaming Revenue²	918	879	5%	3,518	3,377	4%
Publishing Revenue³	367	332	11%	1,274	1,125	13%
Gross profit	516	477	8%	1,833	1,700	8%
Gross margin %	47.0	46.4	0.6p	45.6	44.8	0.8p
Operating profit	134	136	-1%	423	246	72%
Adjusted EBITDA	220	192	15%	757	602	26%
Adjusted EBITDA margin %	20.0	18.6	1.4p	18.8	15.8	3.0p
EBITDA	220	223	-1%	747	544	37%
Earnings per share, basic (SEK)	4.56	1.83	149%	6.26	2.55	145%
Earnings per share, diluted (SEK)	4.53	1.82	149%	6.22	2.54	145%
Cash flow from operations before changes in working capital	217	232	-6%	647	514	26%
Cash flow for the period	163	164	-1%	86	175	-51%
Net Interest-Bearing Debt (NIBD)	-136	27	-604%	-136	27	-604%
NIBD/adjusted R12 EBITDA ratio	-0.18	0.05	-428%	-0.18	0.05	-428%

¹ The adjustments from segment level to group level are: 1) Removing Storytel Norway at 50%, 2) Removing internal publishing revenue from Net Sales and adding internal publishing revenue as cost reduction within Cost of Sales, 3) Costs related to central group overhead functions 4) Adding result from Norway in accordance with the equity method. See Note 5 to the financial statements for additional details.
² Streaming revenue includes 50% of Storytel Norway’s revenue in line with Storytels ownership.
³ Publishing revenue includes both external and group-internal revenue.

About Storytel Group
We are a storytelling company. Driven by our purpose - “Leading the future of storytelling, we move the world through stories” - Storytel Group inspires and entertains people around the world by blending innovation with tradition. We bring stories to life across various formats for everyone to discover. Anytime. Anywhere.

Storytel Group operates in two business areas: Streaming and Publishing. The streaming service is one of the largest audiobook and e-book services, offering more than 1.8 million titles, in 55 languages to more than 2.6 million subscribers under the brands Storytel, Mofibo and Audiobooks.com. Through the Publishing unit, we deliver high-quality stories from acclaimed authors across numerous genres via renowned publishing houses such as Bokfabriken, Gummerus, Lind & Co, Norstedts Publishing Group, People’s and Storyside. The headquarters are located in Stockholm, Sweden.

Selskabsmeddelelse

Storytel Group reports record profitability and strong cash generation in the fourth quarter and full year 2025

Storytel

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Q4 Highlights

Revenue growth of +12% in constant exchange rates (CER)
Streaming revenues +10% at CER
Publishing revenues +13% at CER
Gross margin of 47.0% (46.4%)
Adjusted EBITDA margin of 20.0% (18.6%)
Recognition of deferred tax asset, impact of +195 MSEK on net profit
Net profit for the period amounted to 300 (149) MSEK
EPS of 4.53 (1.82), diluted
Net cash position of 136 MSEK, end of Q4’25

January-December Highlights

Revenue growth of +9% in constant exchange rates (CER)
Streaming revenues +8% at CER
Publishing revenues +15% at CER
Gross margin of 45.6% (44.8%)
Adjusted EBITDA margin of 18.8% (15.8%)
Recognition of deferred tax asset, impact of 195 MSEK on net profit
Net profit of 504 (213) MSEK
EPS of 6.22 (2.54), diluted
Proposed dividend of SEK 1.50 for 2025
Initiated process for listing on Nasdaq Stockholm Main Market during 2026

Financial summary

MSEK	Q4 2025	Q4 2024	Change	Jan-Dec 2025	Jan-Dec 2024	Change
Group Revenue¹	1,098	1,028	7%	4,023	3,798	6%
Streaming Revenue²	918	879	5%	3,518	3,377	4%
Publishing Revenue³	367	332	11%	1,274	1,125	13%
Gross profit	516	477	8%	1,833	1,700	8%
Gross margin %	47.0	46.4	0.6p	45.6	44.8	0.8p
Operating profit	134	136	-1%	423	246	72%
Adjusted EBITDA	220	192	15%	757	602	26%
Adjusted EBITDA margin %	20.0	18.6	1.4p	18.8	15.8	3.0p
EBITDA	220	223	-1%	747	544	37%
Earnings per share, basic (SEK)	4.56	1.83	149%	6.26	2.55	145%
Earnings per share, diluted (SEK)	4.53	1.82	149%	6.22	2.54	145%
Cash flow from operations before changes in working capital	217	232	-6%	647	514	26%
Cash flow for the period	163	164	-1%	86	175	-51%
Net Interest-Bearing Debt (NIBD)	-136	27	-604%	-136	27	-604%
NIBD/adjusted R12 EBITDA ratio	-0.18	0.05	-428%	-0.18	0.05	-428%

¹ The adjustments from segment level to group level are: 1) Removing Storytel Norway at 50%, 2) Removing internal publishing revenue from Net Sales and adding internal publishing revenue as cost reduction within Cost of Sales, 3) Costs related to central group overhead functions 4) Adding result from Norway in accordance with the equity method. See Note 5 to the financial statements for additional details.
² Streaming revenue includes 50% of Storytel Norway’s revenue in line with Storytels ownership.
³ Publishing revenue includes both external and group-internal revenue.