Spotify Says 25% of US, UK, Australia Subscribers Try Audiobooks [Financial Post (Toronto, Ontario, Canada)]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Spotify Technology SA said one-quarter of paid users in the US, UK and Australia have started an audiobook as part of their subscriptions, a sign the Swedish audio streaming company is making headway in a growing market. Of those users, 57% are 18 to 34, suggesting the format is especially appealing to younger generations of listeners. Article content Spotify began offering paying subscribers 15 hours of audiobook listening a month last October as part of an effort to attract new subscribers and keep existing customers on the platform longer. The feature is now available in six markets, including, most recently, Canada and Ireland. Article content Listeners can buy more hours if they reach their monthly limit, and the company said Tuesday those purchases have “more than doubled” from the first quarter of this year compared with the fourth quar
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SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/29/24 - Form 144
- 4/26/24 - Form 144/A
- 4/26/24 - Form 144
- SPOT's page on the SEC website