Swedish audiobook distributor Storytel released results for the third quarter ended September 30, with sales of SEK 842.4 million ($77.9 million), up 13 percent over last year. For the first time since 2016, the company made an operating profit—of SEK 15 million—driven largely by growth in the Nordic streaming business. EBITDA was up 55 percent to SEK 92 million, which the company attributes to “cost efficiency measures.” In Nordic countries, streaming sales were SEK 571.6 million, up from SEK 492.8 million last year. In non-Nordic territories, sales were SEK 270.8 million, up from SEK 249.7 million. Print publishing sales were […]
