'200,000+ Audiobooks Are Now Available To Spotify Premium Listeners In The U.S.' - Spotify
Portfolio Pulse from Benzinga Newsdesk
Spotify has announced that over 200,000 audiobooks are now available to its Premium subscribers in the U.S. This follows similar rollouts in the U.K. and Australia. The company is offering 15 hours of listening per month to each Premium individual and plan managers for Family and Duo accounts. The audiobook catalog includes over 70% of bestselling titles. The company also found that younger generations, particularly Gen Z and millennials, are increasingly listening to audiobooks.
November 08, 2023 | 12:58 pm
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Spotify's addition of over 200,000 audiobooks to its Premium service in the U.S. could potentially attract more subscribers and increase user engagement, which may have a positive impact on the company's stock.
The addition of a significant number of audiobooks to Spotify's Premium service could make the platform more attractive to potential subscribers, particularly among younger demographics who are increasingly consuming audiobooks. This could lead to an increase in subscriber numbers and user engagement, which could positively impact Spotify's stock in the short term.
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