Spotify Unleashes Audiobooks to 180 Markets, Crossing $100M in ARR to Challenge Audible

Spotify is expanding its audiobook library to over 180 global markets, extending potential access to more than 750 million total users. The standalone Audiobook+ tier has officially surpassed 1 million subscribers, generating over $100M in annual recurring revenue for the platform since its launch last year. The catalog now includes over 350,000 titles in 120 languages, secured through direct partnerships with over 300 publishers worldwide. Premium subscribers in eligible countries will receive a 12-hour monthly listening allowance, while the standalone tier offers 15 hours. Spotify reported that monthly listeners of audiobooks grew by 40% over the last year, with total listening hours increasing by 30%.