Swedish audiobook company Storytel announced financial results for the fourth quarter and full year 2024. Fourth quarter sales were SEK1.028 billion, up 9 percent—the first time the company has exceeded SEK1 billion in a quarter, influenced particularly by strong results in the publishing segment. Operating profit was SEK136 million, up from a loss of SEK(-680) million. EBITDA was SEK223 million, compared to a loss of SEK(-7) million during the same period last year. Streaming sales for the company were up 7 percent to SEK879 million and publishing sales grew 15 percent to SEK332 million. For the year, sales were up […]
