Swedish ebook streaming service and publisher Storytel reported results for the first quarter ended March 31, with streaming sales of SEK517.1 million ($62.1 million), up 20.5 percent from SEK429.3 million a year ago. Print publishing sales were SEK125.2 million, up from SEK114.7 million, gaining 9.1 percent. Pre-tax loss for the quarter was SEK(73.5) million, compared to a loss of SEK(37.5) million in Q1 2020. (Still in growth mode, the company doesn’t consider earnings a key performance indicator.) During the quarter, Storytel acquired a majority stake in Swedish publishing house Lind & Co., and added a new market, Israel, following the […]
