The value of a Spotify gift card can vary greatly depending on the recipient. According to various reports, a $10 gift card is typically worth around 7-8 free songs or music videos on Spotify.
Another interesting fact is that the usage patterns of Spotify gift cards differ significantly among different age groups. For instance, millennials tend to use their gift cards more frequently than Gen Z users, with an average of three times per month compared to two times for Gen X and one time for baby boomers.
Interestingly, there is a correlation between the value of the gift card and its expiration date. According to data from 2020, the most valuable Spotify gift cards expired within six months, with an average value of $20 per month. On the other hand, those that were closer to their expiration date showed higher profit margins.
The statistics shared on Spotify gift cards offer a fascinating glimpse into consumer behavior and preferences. By analyzing data from various sources, we can gain valuable insights into how people use these gift cards and what factors influence their value and usage patterns.
Source: https://thedailyfeeder.com/news/statistics-shared-on-spotify-gift-cards/0321616/>
https://thedailyfeeder.com/news/statistics-shared-on-spotify-gift-cards/0321616/