SPOT · Spotify Technology S.A.
AI read · Good for SPOT
The AI's read
A larger catalog and access in many more countries give Spotify more chances to turn audiobook interest into paid use. Audiobook listening grew, and Audiobooks+ passed 1 million subscribers and $100 million in yearly recurring sales. The coming report is expected to show $3.12 profit per share, down from $3.83, even as sales are expected to rise. That tempers the picture, but growing audiobook use and paid subscriptions support the expansion.