Audiobook streaming service Storytel reported 4th quarter and full-year 2019 results along with 2020 guidance on February 20, showing continued double-digit growth powered by aggressive investment in new markets. Net sales for Q4 2019 totaled 565 million SEK ($57.7 million), up from 436.6 million SEK ($44.6 million). Meanwhile, the company’s quarterly loss before tax was (104.4 million SEK/$10.7 million), compared to a (79.4 million SEK/$8.1 million) loss in Q4 2018. For the year, sales were 1.8 billion SEK ($183.7 million), up from 1.5 billion SEK ($153.1 million) in 2018. Loss before tax was (360.6 million SEK), compared to a (246.9 […]
