Storytel AB: Storytel Group reports accelerating growth, the largest subscriber increase since 2023 and continued expansion of the adjusted EBITDA margin on a rolling twelve-month basis - full-year guidance confirmed.

"A strong quarter in which our subscriber base grew by 80,000 paying subscribers - the largest increase since 2023. This, together with a continued increase in the adjusted EBITDA margin on a rolling twelve-month basis and net sales growth of 16.5% at constant exchange rates, enables us to confirm our full-year guidance," says Bodil Eriksson Torp, CEO of Storytel Group.

Third quarter 2026
? Net sales amounted to SEK 1,179m (1,013).
? Net sales growth of 16.5% at constant exchange rates (CER), of which 11.7% organic.
? Publishing external net sales increased by 53.8% CER, of which 26.6% organic.
? Gross margin amounted to 45.3% (45.4%).
? Adjusted EBITDA margin amounted to 22.7% (22.9%).
? Operating profit increased 16% to 176m (152).
? Net profit amounted to 151m (138), with earnings per share of SEK 1.83 (1.69) after dilution.
? Paying subscribers increased by 80k (64k) during the quarter to 2.83m (2.63), up 7.6% YoY.
? ARPU (SEK/month) amounted to 119.6 (118.1).
? Buyback of B shares of up to 300m initiated in August.

January-September 2026
? Net sales amounted to SEK 3,229m (2,925).
? Net sales growth of 12.4% CER, of which 10.1% organic.
? Gross margin amounted to 45.6% (45.0%).
? Adjusted EBITDA margin amounted to 19.8% (18.0%).
? Operating profit increased 32% to 382m (289).
? Net profit amounted to 338m (204), with earnings per share of SEK 4.07 (2.43) after dilution.
? Paying subscribers increased by 163k during the period.
? Net debt amounted to -132m (23), corresponding to -0.15x adjusted EBITDA (R12M).

Outlook 2026
Full-year 2026 adjusted EBITDA guidance of SEK 900m is confirmed.


Financial summary

SEKm	Q3 2026	Q3 2025	Change	Jan-Sep 2026	Jan-Sep 2025	Change	R12M	FY 2025
Net sales	1,179	1,013	16%	3,229	2,925	10%	4,327	4,023
Net sales growth, %	16.4	6.2	10.2pp	10.4	5.6	4.8pp	-	5.9
Net sales growth CER, %³	16.5	9.3	7.2pp	12.4	8.1	4.3pp	-	9.2
Organic growth CER, %³	11.7	8.2	3.4pp	10.1	7.4	2.8pp	-	8.3
Streaming Net sales¹	1,000	923	8%	2,874	2,711	6%	3,819	3,656
Publishing Net sales²	423	324	31%	1,058	907	17%	1,425	1,274
Gross profit	535	460	16%	1,472	1,317	12%	1,988	1,833
Gross margin %	45.3	45.4	0.0pp	45.6	45.0	0.6pp	45.9	45.6
Adjusted EBITDA³	268	232	16%	640	528	21%	860	748
Adjusted EBITDA margin %³	22.7	22.9	-0.1pp	19.8	18.0	1.8pp	19.9	18.6
EBITDA³	260	232	12%	621	528	18%	840	747
EBITDA margin %³	22.1	22.9	-0.8pp	19.2	18.0	1.2pp	19.4	18.6
Operating profit (EBIT)	176	152	16%	382	289	32%	516	423
EBIT margin %	14.9	15.0	-0.1pp	11.8	9.9	2.0pp	11.9	10.5
Net profit	151	138	9%	338	204	65%	638	504
Earnings per share, basic (SEK)	1.84	1.70	8%	4.09	2.45	67%	7.90	6.26
Earnings per share, diluted (SEK)	1.83	1.69	8%	4.07	2.43	67%	7.85	6.22
Cash flow from operating activities	285	158	81%	570	342	67%	801	573
Net Debt ³	-132	23	-	-132	23	-	-132	-136
Net debt/adjusted R12M EBITDA ratio³	-0.15	0.03	-	-0.15	0.03	-	-0.15	-0.18
End of period subscribers (thousands)	2,828	2,628	8%	2,828	2,628	8%
ARPU (SEK/month)³	120	118	1%	116	118	-2%
¹ Streaming net sales include 100% of Storytel Norway's net sales. From Q2 2026, Norway is reported in the same way as in the Nordics segment. Previously, only 50 percent of the Norwegian joint venture company was included in the Streaming business area total. Comparative periods have been restated. See Note 5 for further information. ² Publishing net sales include both external and group-internal net sales. ³ Alternative Performance Measure (APM). See "Alternative Performance Measures" for definitions, purpose and reconciliation.

For more information, please contact:
Stefan Wård, CFO & IR, Storytel Group
Tel: [phone]
Email: [e-mail]

Alexander Paziraei, Interim Head of Communications, Storytel Group
Tel: [phone]
Email: [e-mail]

About Storytel Group
We are a storytelling company. Driven by our purpose - "Leading the future of storytelling, we move the world through stories" - Storytel Group inspires and entertains people around the world by blending innovation with tradition. We bring stories to life across various formats for everyone to discover. Anytime. Anywhere.

Storytel Group leads by operating through its two primary business areas: Streaming and Publishing. The Streaming division provides one of the world's most extensive digital libraries, with over 2 million audiobook and e-book titles available in 55 languages. This service reaches more than 2.8 million subscribers through the Group's prominent brands, including Storytel, Mofibo, and Audiobooks.com. The Publishing business area produces high-quality content from acclaimed authors across a wide range of genres through renowned publishing houses such as Norstedts Publishing Group, Lind & Co, People's, Gummerus, Bokfabriken, Overamstel Publishers, and Storyside. Storytel Group is headquartered in Stockholm, Sweden. Please visit www.storytelgroup.com for more information.

This information is information that Storytel AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-10-27 08:00 CET.