Storytel Stock Jumps Over 10% on Q2 Earnings Beat and Raised Outlook

Storytel (STORYb) shares surged more than 10% in Stockholm trading after the audiobook and e-book streaming company reported second-quarter financial results that beat consensus estimates and raised its full-year profit guidance.

Strong Q2 Performance

Storytel announced robust growth across its key financial metrics for the second quarter. The results demonstrated both top-line growth and expanding profitability, providing a strong catalyst for the stock.

• Net Sales: Climbed to SEK 1,070 million, an increase of 12.7% at constant exchange rates.
• Adjusted EBITDA Margin: Expanded to 19.2%, up from 16.8% in the same period last year.
• Operating Profit: Jumped 45% year-over-year to SEK 118 million.
• Earnings Per Share (EPS): More than doubled to SEK 1.18 from SEK 0.54 in the year-ago quarter.
• Subscribers: The paying user base grew 7.2% annually to 2.75 million.

Upgraded Full-Year Guidance

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Buoyed by the strong results, Storytel's management upgraded its financial outlook for the full year 2026. The company now expects to generate an adjusted EBITDA of SEK 900 million, an increase from its previous target of SEK 870 million.

In the earnings release, CEO Bodil Eriksson Torp stated that the company continues to successfully combine "profitable growth with strong margin expansion." She noted that the strong performance in the first half of the year warranted the upward revision to the forecast.

Market Reaction

The positive earnings report and upgraded outlook prompted a significant rally in Storytel's shares, which climbed 10.2% to SEK 98.5. The move was a stock-specific event, standing in contrast to the broader Swedish OMXS30 index, which traded in a narrow range. The surge pushed the stock toward the upper end of its 52-week range of SEK 67.2 to SEK 107.9.