Storytel reported third quarter results on Friday, with continued strong growth, including an increase of 19 percent in streaming sales and 27 percent in their subscriber base. But full year projections are now at the lower end of the revised guidance given last quarter, sending shares down 17 percent in a short trading day in Sweden. Streaming sales were 583 million SEK, compared to 490 million a year ago, and book publishing sales were 180 million, up 20 percent from 150 million a year ago. The streaming subscriber base was up 27 percent, to 1,724,000. Like many other publishers in […]
