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Spotify's Audiobook Roll-out and Revenue Misses
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Spotify Faces Costly Audiobook Roll-Out ...
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Spotify's audiobook roll-out is estimated to cost the company €260 million, negatively impacting its 2025e EBIT. The company's second-quarter results included weaker-than-expected guidance and missed analysts' estimates for revenue. Spotify reported strong user growth but a decreasing ratio of paid subscribers to overall users. The company announced a price hike for its premium subscription plans in various markets.
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How will the audiobook roll-out affect Spotify's market position?
How will the price hike for premium subscription plans impact user retention?
What steps can Spotify take to improve its revenue growth?
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