OM:STORY BMedia
Storytel (OM:STORY B) Stock Looks Cheap As Margins Strengthen
Storytel entered Q2 earnings with a stock that had already climbed double digits over the past month, yet still trades on a P/E of 13.4x that is below both peers and the wider European media sector. The latest report sharpened that valuation debate. Streaming and publishing both turned in solid revenue, adjusted earnings before interest, tax, depreciation and amortisation hit SEK 205m with a 19.2% margin, and net profit reached SEK 100m. Management lifted full year adjusted EBITDA guidance...