About
Information is our nourishment. Say hello to the data gods.
Meet Our Team
Consumers speak. We listen, analyze, and dig deep. You win!
Learn More
Solutions
Get targeted insights into industry trends with our quarterly sector reports, so you can predict the future and stay a step ahead.
Learn More
Receive alerts and reports to power your fund management. Partner with our team of analysts to take your research to the next level.
Learn More
Plug our consumer-demand-data directly into your client-facing software, tools, and platform or work with us to create custom, high-value content your customers will love.
Learn More
Testing our data is like jumping in a time machine to compare market gains and losses against reliable and annotated historical data.
Learn More
Track specific tickers, receive alerts, and watch sector-specific trends. Drill down on individual stocks and see where consumer sentiment aligned with gains and losses in trading.
Learn More
Who We Serve
LikeFolio is your real-time focus group keeping you connected to consumers and giving you a critical edge over your competition.
Learn More
LikeFolio is your research secret weapon to sniff out game-changing shifts in the market before they happen.
Learn More
LikeFolio is source of quantitative data based upon real consumer insights to power your investment engine.
Learn More
LikeFolio is your content pipeline positioning your tool as an indispensable resource to your customers.
Learn More
LikeFolio has partnered with Tradesmith to build Derby City Insights and bring our powerful insights engine to private investors.
Learn More

Spotify’s Huge Bet

September 23, 2022

Teaser: After dominating the Podcast arena, Spotify is shifting its sights to another audio segment…

Spotify stock is getting hammered.

After a massive period of growth through the pandemic, the audio streaming platform lost momentum. User growth slowed down.

You can see how LikeFolio data predicted this in real-time on the chart below.

The green line represents consumer demand, which peaked several months before the stock reversed into a massive downtrend.

The downtrend in consumer demand since those pandemic peaks has been consistent… but after a major post-pandemic cool-down, the rate of demand decline is leveling out.

Which makes us wonder: Is now the time get Bullish on Spotify?

One recent move by the company gives us hope. Here’s what we’re watching…

Spotify Launches Enormous Audiobooks Library

Earlier this week, Spotify opened a massive digital library of audiobooks on its platform – 300,000 titles to be exact.

And its approach is different than many competitors. It is bucking the all-too-loved subscription model “buffet” style for an a la cart menu. Essentially, pay as you go…on top of any membership you already have.

Spotify dabbled in the audiobooks arena in early 2021, launching 9 classic titles like Frankenstein and Great Expectations.

Since then (and to be fair, even BEFORE then) Spotify consumers have voiced the desire to consume audiobooks on the platform.

So it’s no surprise that initial consumer response to its audiobook library was explosive.

Mentions have rocketed in the days following Spotify’s announcement with consumers expressing excitement about added functionality on the platform.

This move poses a serious threat to the largest player in the audiobooks segment: Amazon’s Audible.

Audible currently commands more than +60% of mentions from consumers talking about purchasing or listening to audiobooks.

And we know Audible’s own expansion into podcast content is part of the reason the brand is growing – consumers like to have audio content in one place.

You can read more about that in our prophetic take from August.

So -- Are Audiobooks the next Podcast?

Not only does Spotify’s move into audiobooks add one more audio format to its arsenal, but the format is a pretty significant weapon to have.

Audiobooks are the fastest growing format in publishing – because the way consumers “read” is shifting.

About a decade ago, 11% of adults who consumed a book actually listened to an audiobook instead of reading it.

By 2021, this figure more than doubled: 23% of adults who “read a book” listened to an audiobook instead.

LikeFolio data shows that consumer demand for audiobooks is growing quickly: +39% YoY.

We’ll be paying close attention to see how this moves the needle for Spotify’s demand…and its bottom line.

The company is expected to report earnings on October 26th, and audiobooks will almost certainly be a major topic of their forward outlook. 

Right now, we like what we see.  As always, LikeFolio members will be the first to know exactly when we see a major opportunity for quick profits in Spotify and other audio-first companies.

Tags: 

Related Posts

Spotify's podcast platform is winning big

Spotify (SPOT) purchase intent surging Spotify Purchase Intent was the […]

Read More
Spotify shares are powering up into earnings

Spotify (SPOT) Spotify shares have gained more than +8% since […]

Read More
Spotify (SPOT) is Playing the Long Game

Spotify (SPOT) is Playing the Long Game As consumer behaviors […]

Read More
1 2 3

Related Posts

Related Reports

KEEP YOUR COMPETITIVE EDGE

Get FREE insights in your inbox every week with the Daily Drop.

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

Partner Sites

©2022 LikeFolio. All Rights Reserved.
Privacy Policy
|
Terms of Use
LikeFolio userslaptop-phonepie-chartchart-barsselect