Storytel Full Year 2023 Earnings: EPS Misses Expectations

Storytel (STO:STORY B) Full Year 2023 Results

Key Financial Results

• Revenue: kr3.49b (up 9.0% from FY 2022).
• Net loss: kr819.2m (loss widened by 114% from FY 2022).
• kr10.63 loss per share (further deteriorated from kr5.51 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Storytel EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Media industry in Sweden.

Performance of the Swedish Media industry.

The company's shares are up 2.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Storytel's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.