So pity the PRH authors who missed out on a share of BookBeat’s accumulative royalty payout of SEK 3.5 billion ($320 million) to participating publishers and authors.
BookBeat reported 21% growth in 2024, reaching SEK 1.36 billion ($125 million) revenue, a first-ever positive EBITA result, and topped one million paying users.
Key Highlights
Organic Growth: The majority of BookBeat’s growth was organic, indicating that the audiobook market is far from saturated in its core markets, and of course an open-goal worldwide for audiobook publishers and services, although BookBeat for now remains Europe-focussed.
Milestone Achieved: BookBeat surpassed one million paying users per month in September 2024, starting 2025 with 1,064,000 paying users.
Compensation to Publishers: As we all know, streaming is the worst thing ever to happen to publishing. It must be true. Markus Dohle told us so!
So pity the PRH authors who missed out on a share of BookBeat’s accumulative royalty payout of SEK 3.5 billion ($320 million) to participating publishers and authors.
Importance of Participation
That $320 million value should bring home the importance of participation on platforms like BookBeat to reach a wider audience and benefit from a growing audiobook market that shows no sign or nearing saturation, despite stiff competition from rivals such as Storytel, Nextory, and Audible, as well as new-kid-on-the-block Spotify.
For more from CEO Niclas Sandin, click through on Carlo Carrenho‘s post below to the BookBeat press release, where a chart shows the incredible rise of BookBeat, and Niclas Sandin has some press-release commentary, from which I’ll single out one quote here:
“…In a world where all media formats are increasingly competing for people’s time and attention. It is proof that books are highly relevant and can now reach more people than ever via digital formats.“
Great job, Niclas!
This post first appeared in the TNPS LinkedIn newsfeed.
