MUSIC BUSINESS · ·Music Business Worldwide
Spotify Audiobooks+ Reaches $100M Annual Revenue
Spotify has announced that its Audiobooks+ add-on reached $100 million in annual recurring revenue and over one million subscribers.
Spotify's Audiobooks+ add-on reached $100 million in annual recurring revenue over a year after its launch. The add-on, which allows users to purchase additional listening hours, reached more than 1 million subscribers. The number of monthly audiobook listeners on Spotify grew by nearly 40 percent over the past year.
Spotify announced plans to expand its audiobook service from 22 markets to more than 180 markets by the end of 2026. Listeners in the new markets will have access to over 350,000 audiobooks in more than 120 languages. The Page Match feature works in over 30 languages and has been used by more than 1 million people since February.
Student plan users in Ireland, Belgium, Austria, and Finland will be able to buy additional listening hours with Audiobooks+ starting in November. By the end of the second quarter of 2026, Spotify announced reaching 777 million monthly active users, including 300 million Premium subscribers.
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