Spotify introduced a new AI-powered tool for self-publishing audiobooks on its Spotify for Authors platform, launching in beta this June with English support initially. This tool, powered by ElevenLabs, allows authors to create audiobooks without exclusivity, enabling wider distribution. Spotify is also expanding its platform to support 10 additional languages and enhancing its Audiobook+ subscription plans with higher listening limits and new options for students and families. These moves come as Spotify grows its audiobook catalog and subscriptions, aiming to boost user engagement and revenue in the audiobook market.
Spotify Technology SA is forecasted to deliver steady second-quarter results, with Jefferies maintaining a positive long-term outlook and a $600 price target. The investment bank expects gross margins around 33.1%, revenue growth of 15% year-over-yea...
Spotify has extended its "Managed Accounts" feature, allowing parents to control their children's music listening, to its free tier in the U.S., U.K., Australia, France, Germany, and the Netherlands. Previously available only to paid subscribers, thi...
Spotify has introduced a new AI-powered chat feature for Premium users in the U.S., Ireland, and Sweden, allowing interactive conversations to select music, podcasts, or audiobooks. Available on iOS and Android for users 18+, the beta release lets us...
