The Stockholm-based platform’s latest effort to dial back its non-music spending came to light in a new report from Bloomberg. Of course, it’s hardly a secret that Spotify has injected billions into audio entertainment, including podcasting, audiobooks, and live audio, in recent years. But slowing subscriber growth, uncertainty throughout the broader economy, and a well-documented goal of making podcasting profitable in the near future have prompted the business to cut costs.
Source: Spotify Axes Several Live Audio Shows After Podcast Cutbacks