Internal data: Spotify had about 55M US subscribers as of Q3 2024, of which only around 607,000 were on the cheaper "basic" plan that doesn't include audiobooks (Ashley Carman/Bloomberg)

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Ashley Carman / Bloomberg:
Internal data: Spotify had about 55M US subscribers as of Q3 2024, of which only around 607,000 were on the cheaper “basic” plan that doesn't include audiobooks  —  Until now, no specifics have been shared publicly about the company's new ‘basic’ plan  —  Hello, and welcome back to Soundbite.