[US Stock Market Volatility] Spotify Technology surged on October 7: audiobook expansion to 180 markets + audio streaming
Bitget异动解读2026/10/07 16:05Spotify Technology Jump on October 7th Explained
Keywords: Audiobook expansion in 180 markets, audio streaming media
1. On October 7th, the company announced it would expand its audiobook service from 22 markets to over 180 markets, offering more than 350,000 books and supporting over 120 languages. Monthly audiobook listeners grew by about 40% year-on-year, and listening hours increased by over 30% year-on-year.
2. On October 5th, UBS projected third-quarter revenue for the company at €4.97 billion, a year-on-year increase of 14.7%. Gross margin improved by 130 basis points to 32.9% year-on-year, with expectations that bundled audiobook sales optimization and platform business growth will support improved profitability.
(Disclaimer: This content was summarized from publicly available information using AI technology and is for reference only. It does not constitute investment advice.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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