Swedish streaming company Storytel released their official year-end earnings report after a brief quarterly update in January, with net sales up 22 percent in 2022 to SEK3.2 billion ($293 million), due to the acquisition of Audiobooks.com, organic growth, and positive foreign exchange. Operating loss was SEK(389) million compared to SEK(350) million last year. The company said that expenses in the period include the purchase of Audiobooks.com, a strategic shift and reorganization in the beginning of the year “to focus on profitable growth”, and an SEK8.3 million severance payment to former ceo Jonas Tellander. EBITDA was SEK(56.5) million. In personnel news, […]
