Storytel Sweden AB
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Storytel Sweden AB - overview
Established
2005
Location
Stockholm, -, Sweden
Primary Industry
Media
About
Based in Stockholm, Sweden, and founded in 2005, Storytel Sweden AB is an e-book streaming company that provides a streaming subscription service for audiobooks and e-books. The company was founded by Jonas Tellander and Jon Hauksson. Storytel Sweden AB completed its IPO in December 2018 when it commenced trading on the Nasdaq First North in Stockholm, Sweden, under the ticker symbol STORY B. As of September 2021, the company operates in over 20 markets around the world with Jonas Tellander as its CEO.
Furthermore, EQT acquired Storytel Sweden AB in September 2021. Storytel Sweden AB provides a streaming subscription service that enables users to listen to audiobooks and read e-books via mobile applications. It offers various genres including children's books, erotic, classic, novels, romance, biographies, facts, poetry, language, religion, fantasy, suspense, finance, history, personal development, and young adults. In 2020, Storytel Sweden AB generated SEK 2.
338 billion in revenue. It mainly generates revenue from its subscription service which is paid monthly. In 2021, Storytel Sweden AB continues its goal of expanding the business through long-term investments and acquisitions to grow its streaming revenues to BSEK 30 billion by 2030.
Current Investors
Swedbank Robur, Handelsbanken Capital Markets
Primary Industry
Media
Sub Industries
Multimedia & Graphics, Digital Media
Website
www.storytel.se
Verticals
Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Storytel Sweden AB - timeline of key events
Storytel Sweden AB - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 16,064,780 | 34,858,085 | 67,200,171 | 130,907,517 | 209,326,000 | 319,490,000 | 460,419,000 | 595,517,000 | 746,306,000 | 891,889,000 | 1,168,136,000 | - | - | - |
| % Revenue Growth (YoY) | - | 117.0% | 92.8% | 94.8% | 59.9% | 52.6% | 44.1% | 29.3% | 25.3% | 19.5% | 31.0% | - | - | - |
| EBITDA (USD) | 1,072,695 | 2,995,706 | 5,472,623 | 10,046,268 | 6,873,000 | 19,510,000 | (30,820,000) | (163,089,000) | (208,912,000) | (151,029,000) | (413,322,000) | - | - | - |
| Operating Income (USD) | 688,078 | 2,573,843 | 5,232,909 | 9,741,398 | 5,896,000 | 18,128,000 | (43,772,000) | (175,897,000) | (221,454,000) | (171,652,000) | (451,550,000) | - | - | - |
| Operating Margin | 4.3% | 7.4% | 7.8% | 7.4% | 2.8% | 5.7% | (9.5%) | (29.5%) | (29.7%) | (19.2%) | (38.7%) | - | - | - |
| % EBITDA Margin | 6.7% | 8.6% | 8.1% | 7.7% | 3.3% | 6.1% | (6.7%) | (27.4%) | (28.0%) | (16.9%) | (35.4%) | - | - | - |
| NET Income (USD) | 605,188 | 1,452,019 | 3,038,351 | 8,081,523 | 12,701,000 | 5,415,000 | (8,145,000) | (123,080,000) | (188,919,000) | (138,343,000) | (444,856,000) | - | - | - |
| % Net Margin | 3.8% | 4.2% | 4.5% | 6.2% | 6.1% | 1.7% | (1.8%) | (20.7%) | (25.3%) | (15.5%) | (38.1%) | - | - | - |
Storytel Sweden AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE, Secondary Buyout | Completed | Storytel Sweden AB | - |
Displaying 1 - 1 of 1
Storytel Sweden AB - employee data
Storytel Sweden AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Member | BM | ||||||
| Board Member | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.