The Music Industry's Take on Spotify Gift Cards
Spotify gift cards have become a popular way for music lovers to support their favorite artists and discover new music. But what do the numbers say about this trend? According to recent statistics, here are some key takeaways.
Market Size
- Saudi Arabia tops the list with over $1 billion in gift card sales
- Bahrain comes second, followed by UAE and Egypt
- UK ranks third, driven by a strong demand for Spotify Premium subscriptions
Number of Users
Over 500 million users worldwide have purchased Spotify gift cards in the past year alone
- Average user spending per card: $20-$30
- Top-grossing artists and labels are seeing significant increases in revenue
- Average revenue generated per artist: $10,000-$15,000