The report highlights Storytel's continued transformation journey with a strategic focus on profitable growth in ten core markets, including the five Nordic countries, the Netherlands, Turkey, Poland, Bulgaria, and the USA. The company exceeded its 2023 financial targets, including an 8% increase in subscribers and 10% growth in revenue. Key highlights include a strengthened management team, increased ARPU, lower global paid churn, better CLV/SAC ratio, strong content/rights acquisitions, partnerships with telcos, and the launch of a voice switcher feature. Storytel has also updated its mid-term financial targets for 2026, aiming to reach 4.5 billion SEK in group revenue, streaming revenue CAGR of 10-12 percent, an adjusted EBITDA-margin above 15 percent, and operational cash flow above 10 percent of revenue.
