"Spotify Expands Free User Access to Lyrics Worldwide - What This Means for Investors and Users
In a strategic move to drive more users towards paid subscriptions, Spotify initially limited free users to viewing lyrics for only three songs per month back in May. However, after facing backlash from users, the company has decided to increase this limit starting today.
A spokesperson from Spotify stated, “We are constantly testing and improving our features, which may vary across different tiers and markets. In the coming weeks, we will be expanding lyrics availability for Spotify Free users globally.”
While the exact number of lyrics free users will now have access to has not been disclosed, it is expected to be significantly higher than the previous limit. Users on social media platforms like X/Twitter have already started celebrating this change.
This move comes after Spotify tested a paywall for lyrics in September 2023. Although it is unclear if this paywall contributed to an increase in paid subscribers, the removal of the restriction is expected to have a positive impact.
In the second quarter of 2024, Spotify reported a total of 626 million monthly active users, with 246 million of them being premium subscribers.
For investors, this expansion of free user access to lyrics could potentially lead to an increase in user engagement and ultimately drive more users towards paid subscriptions. As for users, this means they can now enjoy viewing more lyrics without any restrictions, enhancing their overall music streaming experience."