Spotify gift cards have become a popular way to give music lovers a unique and personalized gift. But what do the latest statistics say about their popularity and redemption rates?
According to a recent study by Hollywood Informive, Spotify gift cards are one of the most popular gift card options in the US, with over 70% of respondents naming it as their top choice for gifts.
Certainly not surprising, given that Spotify is one of the most streamed music services in the world. The study also found that redemption rates for Spotify gift cards are relatively high, with an average of 4.5 redemptions per card.
However, it's worth noting that there may be some caveats to consider when using gift cards to give as a gift. According to the study, the most popular uses for Spotify gift cards were for music streaming (44%), followed by experiences such as concert tickets and events (23%).
Spotify gift cards offer a convenient and unique way to give music lovers a special gift. By understanding the latest statistics on their popularity and redemption rates, you can make informed decisions about when to use them as a gift.
https://hollywoodinfive.com/news/statistics-shared-on-spotify-gift-cards/0321616/