On Wednesday, Spotify announced an expansion of its audiobook offerings to over 180 markets worldwide, including regions across Europe, the Americas, the Caribbean, the Middle East, Africa, and Asia. This move aims to compete with both music streaming providers and audiobook apps like Audible, offering over 750 million users access to over 350,000 titles in more than 120 languages. With its launch in Spain, users will have access to over 45,000 titles in Spanish. Spotify is working with over 300 publishers worldwide to increase the number of titles available. The company offers a Premium subscription for 12 hours of audiobook listening in eligible countries, an Audiobook+ standalone subscription for 15 hours, and the option to buy individual titles. It also introduced the 'Page Match' feature, which allows users to scan a page of a physical book and find the corresponding point in the audiobook. Since its launch last year, Audiobook+ has gained over 1 million subscribers and fetched over 100 million in annual recurring revenue. In addition, the company introduced Audiobook Charts to help users discover popular titles and launched an AI-powered tool for authors to turn their books into audiobooks. Finally, it started experimenting with physical book sales through its platform in select markets like the U.S. and the U.K.