Podcasts can generally command superior gross margins over music, as they don’t require expensive licensing deals with major record labels. Jason Helfstein of Oppenheimer projected that podcasts will add nearly two percentage points to Spotify’s gross margins by 2030 when he upgraded the stock to a buy rating last week.

Spotify has revealed its latest Audiobooks+ offer which will add additional hours of listening time to the available audiobook content on the platform. The initial offer from Spotify for its Premium subscribers only brings 15 hours of audiobook streaming per month, but for those who consume it significantly, it would not be enough.

Spotify (SPOT) shares fell as much as 10% in early premarket trading Tuesday after the company missed second quarter earnings and revenue expectations. The results follow a remarkable 120% rally over the past year,

Spotify CEO Daniel Ek defended the company's measured approach to price increases, saying the strategy reflects a long-term focus on customer retention rather than short-term financial gain.

Billed as ‘Audiobooks+’ and ‘Audiobooks+ for Plan Members’, Spotify’s new audiobook add-ons offer additional listening hours for Premium subscribers, giving users more flexible subscription plan options that allow you to customize access to suit your personal needs.

After that, it’s $5.99 a month. For reference, that’s $5 off the standard $10.99 Spotify Premium price tag.

Spotify, the world’s largest music streaming subscription company, is raising its prices again for U.S. premium accounts. The price of ad-free individual plans is going up $1 to $11.99 a month ...

Newly added references in the music app's code suggest the lossless service is at least still under development and could even be getting closer to launch.

Citi analyst Jason Bazinet maintained a Neutral rating heading into the print, cautioning that third quarter guidance may disappoint after the stock’s massive 30% run since Q1. Bazinet did raise his price target from $690 to $780 "to better align with streaming peers."

Spotify easily topped Wall Street’s expectations by adding 8 million premium customers during the second quarter — pushing it to 276 million paying customers overall — but the music and podcast streaming company’s stock price took a big hit on Tuesday morning after it failed to meet analyst projections for both sales and earnings.