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Spotify Faces Costly Audiobook Roll-Out and Revenue Misses
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Overview
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Spotify's audiobook roll-out could cost the company €260 million, negatively affecting its EBIT in 2025. The company's second-quarter results showed weaker-than-expected guidance and missed analysts' estimates for revenue. Spotify also increased its Premium subscription prices and reported strong user growth.
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How will Spotify's audiobook roll-out affect its market position?
How will the price increases impact the company's user retention and acquisition?
What steps can Spotify take to improve its revenue and gross margin?
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