In 2026, the story is no longer about whether audiobooks are a viable business, but how much cash this established audio platform can harvest from its mature markets while using AI to protect its margins 1. The Narrative: The Audio Ecosystem The possible, plausible, and probable The Integrated Platform Story: Storytel isn't just a Spotify for books.Read more
Key Takeaways Accelerating international subscriber growth and content personalization are reducing churn and fueling scalable, recurring revenue with improved margins. Strategic expansion into new markets, strong cash generation, and synergetic acquisitions support sustained growth and earnings diversification.Read more
Key Takeaways Rapid international expansion, AI-powered personalization, and operational discipline could drive user growth, lower acquisition costs, and potential industry-leading profitability as digital audio adoption accelerates. Strong recurring cash flows, successful acquisitions, and untapped tax advantages position Storytel for sustained above-trend earnings and significant free cash flow growth relative to competitors.Read more
Key Takeaways AI-generated and free audio content threaten subscriber growth and retention, while shorter-form media trends may reduce engagement and average revenue per user. Price competition in emerging markets and rising content costs limit margin expansion, despite operational efficiencies and international subscriber gains.Read more
Storytel AB (publ) provides audiobooks and e-books streaming services. The company operates through Streaming and Publishing segments. The Streaming segment offers audiobooks and e-books streaming services under the Storytel and Mofibo brands, as well as through Audiobooks.com. The Publishing segment publishes books in all formats and includes printed books, as well as audiobooks and e-books through Printz Publishing, Brombergs, Lind & Co, Rabén & Sjögren, B. Wahlströms, Norstedts, Storyside, Gummerus, People's, and Tiden publishing houses. It operates in Sweden, Denmark, the United States, Finland, the Netherlands, and internationally. Storytel AB (publ) is headquartered in Stockholm, Sweden.
