Spotify Premium Adds Free Access to Audiobooks in Australia and the UK

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Spotify Premium Adds Free Access to Audiobooks in Australia and the ***

Spotify said on Tuesday that users of its premium services in the *** and Australia would now have 15 hours of free access to audiobooks a month, with the feature expanding to the US later this year.

The music streaming giant is looking to supplement its earnings with other revenue-generating formats such as podcasts and audiobooks. The launch of its audiobook service in the US last year challenged

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’s Audible.

Spotify last year ***** out plans to get one billion users by 2030 and reach $100 billion in annual revenue. The company had also previously promised high-margin returns from its costly expansion into podcasts and audiobooks.

In July, Spotify raised prices for its premium plans across several countries including the US and the ***.

The company said on Tuesday that subscribers will be able to choose from a catalogue of over 150,000 audiobooks available as part of the existing Spotify Premium subscriptions, with the option to buy additional 10-hour allocations as top-ups.

Users must have a premium individual account or be the plan manager for their Family or Duo account in order to take advantage of this feature as of now, the company added.

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