Swedish audio streamer and publisher Storytel released a brief fourth quarter earnings update, with sales of SEK742 million ($69.2 million), up 22 percent and in line with expectations of SEK 735-745 million. For the year, sales were up 31 percent excluding Russia, where the company stopped doing business in September. In the Nordic segment, sales were SEK498 million, up SEK39 million from 2021. Within non-Nordic countries, sales were SEK 244 million, up SEK98 million. Paid subscribers continue to grow in both segments: up 84,000 in the Nordics and 167,000 subscribers in non-Nordics. CEO Johannes Larcher said, “Our performance in Q4 […]
