Storytel Group reports continued strong earnings growth, driven by both net sales and margin expansion, resulting in raised guidance for the full year.

STORY BRegulatory press release28.07.2026, 08.00

“Storytel Group continues to combine profitable growth with strong margin expansion. With a strong first half behind us, we are raising our guidance for the full year 2026,” says Bodil Eriksson Torp, CEO of Storytel Group.

Second quarter 2026

Net sales amounted to SEK 1,070m (958).
Net sales growth of 12.7% in constant exchange rates (CER), of which 10.7% organic.
Gross margin amounted to 46.3% (45.3%).
Adjusted EBITDA margin amounted to 19.2% (16.8%).
Operating profit increased 45% to 118m (82).
Net profit amounted to 100m (47), with earnings per share of 1.18 (0.54).
Paying subscribers increased by 11k during the quarter to 2.75m (2.56), up 7.2% YoY.
ARPU (SEK/month) amounted to 116.4 (116.5).
The acquisition of Overamstel was completed in May.
Transfer of listing to Nasdaq Stockholm Main Market in June.

Half-year 2026

Net sales amounted to SEK 2,049m (1,911).
Net sales growth of 10.3% CER, of which 9.3% organic.
Gross margin amounted to 45.7% (44.8%).
Adjusted EBITDA margin amounted to 18.1% (15.5%).
Operating profit increased 51% to 207m (137).
Net profit amounted to 186m (66), with earnings per share of 2.24 (0.74).
Paying subscribers increased by 83k during H1'26.
Net debt amounted to 14m (115), corresponding to 0.02x adjusted EBITDA (R12M).

Outlook 2026
Full-year 2026 adjusted EBITDA guidance is raised to SEK 900m (previously 870m).

Financial summary

SEKm	Q2 2026	Q2 2025	Change	Jan-Jun 2026	Jan-Jun 2025	Change	R12M	FY 2025
Net sales	1,070	958	12%	2,049	1,911	7%	4,161	4,023
Net sales growth, %	11.7	3.6	8.1pp	7.2	5.2	2.0pp	-	5.9
Net sales growth CER, %³	12.7	8.0	4.7pp	10.3	7.5	2.8pp	-	9.2
Organic growth CER, %³	10.7	7.1	3.6pp	9.3	6.9	2.4pp	-	8.3
Streaming Net sales¹	960	890	8%	1,874	1,789	5%	3,741	3,656
Publishing Net sales²	347	299	16%	634	583	9%	1,325	1,274
Gross profit	495	434	14%	937	857	9%	1,913	1,833
Gross margin %	46.3	45.3	1.0pp	45.7	44.8	0.9pp	46.0	45.6
Adjusted EBITDA³	205	161	27%	371	296	26%	823	748
Adjusted EBITDA margin %³	19.2	16.8	2.3pp	18.1	15.5	2.6pp	19.8	18.6
EBITDA	198	161	23%	360	296	22%	812	747
EBITDA margin %	18.5	16.8	1.6pp	17.6	15.5	2.1pp	19.5	18.6
Operating profit (EBIT)	118	82	45%	207	137	51%	492	423
EBIT margin %	11.1	8.6	2.5pp	10.1	7.2	2.9pp	11.8	10.5
Net profit	100	47	113%	186	66	184%	625	504
Earnings per share, basic (SEK)	1.19	0.55	116%	2.25	0.75	200%	7.76	6.26
Earnings per share, diluted (SEK)	1.18	0.54	117%	2.24	0.74	201%	7.71	6.22
Cash flow from operating activities	150	155	-4%	285	184	55%	673	573
Net Debt ³	14	115	-	14	115	-	14	-136
Net debt/adjusted R12M EBITDA ratio³	0.02	0.17	-	0.02	0.17	-	0.02	-0.18
End of period subscribers (thousands)	2,749	2,564	7%	2,749	2,564	7%
ARPU (SEK/month)	116	116	0%	115	119	-3%

¹ Streaming net sales includes 100% of Storytel Norway’s net sales.
² Publishing net sales includes both external and group-internal net sales.
³ Alternative Performance Measure (APM). See “Alternative Performance Measures” for definitions, purpose and reconciliation.

About Storytel Group
We are a storytelling company. Driven by our purpose – “Leading the future of storytelling, we move the world through stories” – Storytel Group inspires and entertains people around the world by blending innovation with tradition. We bring stories to life across various formats for everyone to discover. Anytime. Anywhere.

Storytel Group leads by operating through its two primary business areas: Streaming and Publishing. The Streaming division provides one of the world’s most extensive digital libraries, with over 2 million audiobook and e-book titles available in 55 languages. This service reaches more than 2.7 million subscribers through the Group’s prominent brands, including Storytel, Mofibo, and Audiobooks.com. The Publishing business area produces high-quality content from acclaimed authors across a wide range of genres through renowned publishing houses such as Norstedts Publishing Group, Lind & Co, People’s, Gummerus, Bokfabriken, Overamstel Publishers and Storyside. Storytel Group is headquartered in Stockholm, Sweden. Please visit www.storytelgroup.com for more information.