Of note, Murray said that audiobooks continue to outsell e-books in terms of total revenues and are helping to offset declines from lagging e-book sales. In terms of AI, the CEO declined to discuss specifics of licensing deals, like the one it signed with Microsoft for AI model training, citing NDAs, but stressed that it’s early days for AI licensing, calling it a “fascinating time” in the industry.
He also specifically praised Spotify’s entry into the audiobooks space, referencing the 15 hours of free listening that’s included with a Spotify Premium subscription in supported markets.