Statistics Shared On Spotify Gift Cards
About the topic: The article discusses various statistics related to Spotify gift cards, including their usage, purchasing patterns, and revenue shares.
Usage Statistics:
- Over 400 million users have purchased a Spotify Premium subscription since the introduction of gift cards in 2019.
- The average spend on a single gift card is around $12.50, with a total revenue generated through these cards exceeding $100 million annually.
Purchasing Patterns:
- The majority of users who purchase Spotify gift cards opt for digital subscriptions, with only 15% choosing the annual plan.
- The most popular plan among users is the $9.99 monthly plan, followed closely by the $14.99 quarterly plan.
Revenue Shares:
According to a study, Spotify gift cards generate an average revenue share of 20% from subscription sales and 15% from in-app purchases.
https://profitandcost.com/news/statistics-shared-on-spotify-gift-cards/0321616/