contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


modular-finance-ir-consensus-storytel-consensus-estimates-q1-2026

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Storytel offers technical services within the Streaming and Publishing business areas. Examples of services that the company delivers include subscription services for audio and E-books as well as several different audiobook publications. The business is conducted based on several book publishers. Storytel has the majority of customers operating in the Nordic and European markets, with its headquarters in Stockholm.

Inderes              Storytel Group reports strong subscriber growth and continued margin...    “Storytel Group entered 2026 with clear momentum, supported by robust subscriber growth, continued margin expansion, and strong cash flow generation”, says Bodil Eriksson Torp, CEO Storytel ...                             “Storytel Group entered 2026 with clear momentum, supported by robust subscriber growth, continued margin expansion, and strong cash flow generation”, says Bodil Eriksson Torp, CEO Storytel Group. Q1 Highlights  Net sales amounted to SEK 979m (953) for the period. Net sales growth of 7.9% in constant exchange rates (CER). Streaming net sales growth of 7.4% at CER. External Publishing net sales growth of 9.2% at CER. Adjusted EBITDA margin of 17.0% (14.1%), driven by improved profitability in both business areas. Operating profit increased 61% from SEK 55m to 88m. Net profit amounted to SEK 86m (19), with basic and diluted EPS of SEK 1.06 (0.20). Net debt amounted to SEK -220m (116), reflecting strong cash flow generation. New segment structure improving transparency into our international growth engine. Paying subscribers amounted to 2.74m (2.53), with net additions of +72k in the period, on track to exceed 3m in 2027. Nordic paying subscribers amounted to 1.34m (1.28), with net additions of +11k in the period. Europe paying subscribers amounted to 1.06m (0.94), surpassing 1m for the first time, driven by Poland and the Netherlands. Group ARPU (SEK/month) amounted to SEK 113 (120), decreased by 5.5%, with FX accounting for 85% of the decline.  Outlook 2026  Adjusted EBITDA guidance of at least SEK 870m for 2026. Financial summary     MSEK Q1 2026 Q1 2025 Change R12M FY 2025     Net sales 979 953 3% 4,049 4,023   Net sales growth, %³ 2.7 6.8 -4.1pp - 5.9   Net sales growth CER, %³ 7.9 7.0 0.9pp - 9.2   Organic growth CER, %³ 7.5 6.8 0.7pp - 8.3   Total Segment Streaming Net sales¹ 877 862 2% 3,533 3,518   Total Segment Publishing Net sales² 288 283 2% 1,278 1,274   Gross profit 442 423 5% 1,852 1,833   Gross margin %³ 45.2 44.4 0.8pp 45.7 45.6   Adjusted EBITDA³ 166 135 24% 780 748   Adjusted EBITDA margin %³ 17.0 14.1 2.9pp 19.3 18.6   EBITDA 163 135 21% 776 747   EBITDA margin % ³ 16.6 14.1 2.5pp 19.2 18.6   Operating profit (EBIT) 88 55 61% 456 423   EBIT margin %³ 9.0 5.8 3.2pp 11.3 10.5   Net profit 86 19 361% 572 504   Earnings per share, basic (SEK) 1.06 0.20 430% 7.12 6.26   Earnings per share, diluted (SEK) 1.06 0.20 428% 7.08 6.22   Cash flow from operating activities 135 29 367% 679 573   Net Debt³ -220 116 - -220 -136   Net Debt/adjusted R12 EBITDA ratio³ -0.28 0.18 - -0.28 -0.18   End of period subscribers (thousands) 2,737 2,532 8% - 2,666   ARPU (SEK/month) 113 120 -6% - 118

I came across this on social media, but I couldn’t find Storytel’s own announcement about it.  So, some agreement has been made regarding Storytel’s selection on economic grounds, but they cannot predict what Spotify’s entry into the market will lead to.

PublishersWeekly.com              Spotify Adds Audiobooks in Four More Countries    Spotify has launched audiobooks in the Nordic nations of Sweden, Finland, Denmark, and Iceland, bringing its model to one of the world's most mature digital audio markets. The catalog will offer some 300,000 books, including 60,000 local language...                              Owen Smith, head of audiobooks at Spotify, said the company had secured partnerships with both Bonnier and Storytel’s publishing companies.  Hmm, so Storytel has sold some rights to Spotify, and when you combine this with the CFO’s purchases yesterday (0.8 million SEK) after Spotify’s announcement, could there be something positive behind this, or am I just on hopium? One would think that some announcement would have been made about this by now? (edit) No, it actually means that Spotify has made some agreements with Storytel Books and StorySide, which are Storytel’s publishing companies.

Exactly, Spotify is so expensive that I don’t necessarily see much pressure in the short term. Premium’s 12 hours is only enough for a casual listener, not for the target audience of audiobook services. An additional 10 hours for 8 euros will hardly change the situation much. When I myself pay 10 euros a month for Storytel’s 100 hours a month, I wouldn’t even think of switching.

Spotify indeed had a comprehensive catalog, it completely surprised me. The only consolation from Storytel’s perspective is that Spotify offers only 12 hours of audiobook listening per month included in Premium. Additionally, with an €8 surcharge, you only get 10 more hours, which makes the pricing quite steep compared to dedicated audiobook services. Of course, this is where the competition begins, and it’s difficult to challenge Spotify’s might.

It took years from the first news that Spotify’s audiobooks became available here too. At first glance, it seems unbeatable. It appears to have everything that Storytel/Bookbeat/Nextory has (excluding their own content) and, in addition, even more comprehensive English content, which I have had to buy from Audible due to its absence from other services. There are even a few books from my wishlists that I haven’t found in any other audiobook service. In addition to the books included in Premium, some books can be purchased through the service. When one is already paying for a music service anyway and gets a comprehensive selection of audiobooks for the same price, then it’s a truly challenging position to compete against. I honestly didn’t expect such a good selection right from the start.

I ended up selling my Storytel shares due to this news: I took a small loss, but for now, I decided to exit because:  Growth is rather modest, and Spotify’s entry into the market will likely erode profitability, as more money will probably need to be invested in content production and marketing. Spotify Premium’s penetration is already very good in the Nordics. According to some studies found with a quick Google search, 95% of music listeners stream it, and nearly 50% pay for it (with Spotify likely taking the lion’s share), so this immediately impacts Storytel, even if the selection is narrower, etc.  Of course, this could still turn out very well, and I’ll gladly jump back on board when the picture clears up, but for now, I’m happier watching from the sidelines.

Storytel

Estimates compiled by Modular Finance on behalf of Storytel. Number of contributors: 6 (all of which have been updated or confirmed before the report)KPI (MSEK, unless otherwise specified)Q1...

<div class="mfn-body"><p>Estimates compiled by Modular Finance on behalf of Storytel.<br><br>Number of contributors: 6 (all of which have been updated or confirmed before the report)</p><table><tbody><tr><td colspan="1" rowspan="1" valign="bottom" width="558.0px" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid"><strong>KPI (MSEK, unless otherwise specified)</strong></td><td align="right" colspan="1" rowspan="1" valign="bottom" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid"><strong>Q1 2026E</strong></td></tr><tr><td colspan="1" rowspan="1" valign="bottom" width="558.0px" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">Revenue</td><td align="right" colspan="1" rowspan="1" valign="bottom" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">1,014</td></tr><tr><td colspan="1" rowspan="1" valign="bottom" width="558.0px" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">Revenue growth (%)</td><td align="right" colspan="1" rowspan="1" valign="bottom" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">6.42</td></tr><tr><td colspan="1" rowspan="1" valign="bottom" width="558.0px" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">Gross profit</td><td align="right" colspan="1" rowspan="1" valign="bottom" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">454</td></tr><tr><td colspan="1" rowspan="1" valign="bottom" width="558.0px" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">Gross margin (%)</td><td align="right" colspan="1" rowspan="1" valign="bottom" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">44.72</td></tr><tr><td colspan="1" rowspan="1" valign="bottom" width="558.0px" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">Adjusted EBITDA</td><td align="right" colspan="1" rowspan="1" valign="bottom" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">163</td></tr><tr><td colspan="1" rowspan="1" valign="bottom" width="558.0px" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">Adjusted EBITDA margin (%)</td><td align="right" colspan="1" rowspan="1" valign="bottom" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">15.97</td></tr><tr><td colspan="1" rowspan="1" valign="bottom" width="558.0px" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">EBIT</td><td align="right" colspan="1" rowspan="1" valign="bottom" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">78.8</td></tr><tr><td colspan="1" rowspan="1" valign="bottom" width="558.0px" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">EBIT margin (%)</td><td align="right" colspan="1" rowspan="1" valign="bottom" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">7.77</td></tr><tr><td colspan="1" rowspan="1" valign="bottom" width="558.0px" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">Earnings per share (SEK)</td><td align="right" colspan="1" rowspan="1" valign="bottom" class="mfn-bb-solid mfn-bl-solid mfn-br-solid mfn-bt-solid">0.80</td></tr></tbody></table><p>More consensus estimates can be found on Storytel’s webpage:<br><u><a href="https://www.storytelgroup.com/en/investor-relations/analyst-coverage-and-estimates/" rel="noopener">https://www.storytelgroup.com/en/investor-relations/analyst-coverage-and-estimates/</a></u></p><p>Storytel’s Q1 report will be released on Tuesday 28 April at 8:00 CEST.</p></div><div class="mfn-footer mfn-attachment mfn-attachment-general"><p><strong class="mfn-heading-1">Attachments</strong><br><a class="mfn-generated mfn-primary" href="https://storage.mfn.se/10840deb-0d3a-4e41-9c9a-2532ace59b15/storytel-consensus-estimates-q1-2026.pdf" rel="noopener">Storytel – Consensus estimates Q1 2026</a></p></div>

KPI (MSEK, unless otherwise specified)	Q1 2026E
Revenue	1,014
Revenue growth (%)	6.42
Gross profit	454
Gross margin (%)	44.72
Adjusted EBITDA	163
Adjusted EBITDA margin (%)	15.97
EBIT	78.8
EBIT margin (%)	7.77
Earnings per share (SEK)	0.80