Elon Musk Applauds Spotify After Streaming Giant Reveals Its Audiobook Catalog Has Doubled To 300K Titles
Portfolio Pulse from Ananya Gairola
Spotify has doubled its audiobook catalog to 300,000 titles, expanding its service to non-English markets and increasing its user base. Despite a 20% revenue increase, Spotify's earnings fell short of analyst expectations. Elon Musk praised Spotify's growth in the audiobook sector.
October 16, 2024 | 9:56 am
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Spotify has doubled its audiobook catalog to 300,000 titles and expanded to non-English markets. Despite a 20% revenue increase, earnings missed expectations. Elon Musk praised Spotify's growth.
Spotify's expansion in audiobooks and global markets is a positive development, likely to attract more users and increase engagement. However, the revenue miss may temper short-term stock gains. Elon Musk's praise could boost investor sentiment.
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