The value of a single Spotify gift card has increased in recent years due to the rise of streaming services like Apple Music and TikTok. According to market analysis, the average price of a Spotify gift card is now around $8-$10.
Another key statistic is that the number of people buying gift cards for music streaming services has decreased significantly over the past few years. In 2020, only 34% of people aged 18-24 reported buying gift cards for music streaming services, down from 44% in 2019.
Another trend observed is that Spotify gift cards are more expensive than they used to be. The price increase can be attributed to the company's efforts to promote its new premium subscription service, Spotify Premium, as well as the increasing demand for digital music streaming services.
Market analysis suggests that this trend may continue in the future, with some experts predicting a potential increase in prices due to consumer demand and competition from other streaming services. However, it's worth noting that the shift towards digital music consumption continues to drive growth in the music industry.
https://marketerslog.com/news/statistics-shared-on-spotify-gift-cards/0321616/