Spotify to Expand Audiobooks to 180+ Markets, Reaching 750M People
SPOT sits 21% above its 52-week low of $405.
Summary
Spotify announced a major global expansion of its audiobook service, moving from 22 markets to over 180 by the end of 2026. This brings the catalog of 350,000+ titles to more than 750 million potential listeners, with content in over 120 languages. The move follows strong momentum: monthly audiobook listeners grew nearly 40% year-over-year, listening hours rose over 30%, and the company surpassed one million Audiobooks+ subscribers with over $100M in annual recurring revenue. This expansion deepens Spotify's push beyond music into high-margin spoken-word content, directly supporting its monetization strategy highlighted by co-CEO Alex Norström in August. The scale of the rollout and the disclosed subscriber and revenue figures make this a material product development milestone.
At the time of this announcement, SPOT was trading at $488.45 on NYSE in the Technology sector, with a market capitalization of approximately $100.5B. The 52-week trading range was $405.00 to $700.12. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.