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Spotify's Next Huge Growth Driver Will Shock You

TheMotleyFool

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Spotify's Next Huge Growth Driver Will Shock You: https://g.foolcdn.com/editorial/images/774693/concert.jpg

Spotify (NYSE: SPOT) has grown its business primarily on premium music subscriptions, which have grown to hundreds of millions of users. To scale up further, the company needs a new growth driver, and it may have found it with audiobooks. In this video, Travis Hoium explains how this could drive listening hours, advertising, and more bundles for Spotify.

*Stock prices used were end-of-day prices of April 26, 2024. The video was published on April 28, 2024.

Source Fool.com

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