Spotify (SPOT 4.45%) has grown its business primarily on premium music subscriptions, which have grown to hundreds of millions of users. To scale up further, the company needs a new growth driver, and it may have found it with audiobooks. In this video, Travis Hoium explains how this could drive listening hours, advertising, and more bundles for Spotify.

*Stock prices used were end-of-day prices of April 26, 2024. The video was published on April 28, 2024.