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Spotify announces launch of audiobooks for U.S. listeners

CNBC LogoCNBC2 mo ago

Spotify announces launch of audiobooks for U.S. listeners - CNBC

Quick Summary:

Spotify users will now be able to purchase and listen to more than 300,000 different audiobook titles, the company announced Tuesday.

Zicherman said the segment is growing by about 20% year over year despite making up just a 6% to 7% share of the current book market.

Spotify introduced podcasts in 2015 and is now home to more than 4.4 million of them, according to its second-quarter earnings report.


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Article Details

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-20 @ 17:30:55 (2 months ago)

News Timezone: GMT -5:00

Ranking: #1029 (out of 3288 stories this day)

News Source URL: cnbc.com

Language: English

Article Length: 354 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 495344

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Main Topics: Technology

Official Website: cnbc.com

Update Frequency: 8 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 2 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #35

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