Storytel Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Storytel (STO:STORY B) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr924.5m (up 8.6% from 2Q 2023).
• Net income: kr29.2m (up from kr31.7m loss in 2Q 2023).
• Profit margin: 3.2% (up from net loss in 2Q 2023).
• EPS: kr0.38 (up from kr0.41 loss in 2Q 2023).

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

Storytel Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 6.7%.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Media industry in Sweden.

Performance of the Swedish Media industry.

The company's shares are up 6.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Storytel's balance sheet and an in-depth analysis of the company's financial position.

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