Spotify’s audiobook push sparks publishing industry growth

Spotify’s audiobook expansion is reshaping the publishing industry, driving new revenue and wider reach for authors and publishers. As the platform continues to build out its audiobook offering, publishers are seeing significant increases in both visibility and revenue, driven by Spotify’s reach, discoverability, and rapidly expanding catalog. Since officially launching its audiobooks service for Premium users in late 2023, Spotify has become a serious contender in the digital publishing world. Its “all-you-can-listen” model and focus on global accessibility are not only driving consumption but also creating new business models that challenge traditional distribution channels. Spotify’s move into audiobooks began with…