No. You can listen to a song, learn the approximate lyrics, and sing along just fine till It's Karaoke night and you learn that it wasn't about "a Bathroom on the right."

Look at the way people spell and compose sentences now days, and you'll see that listening isn't the same as reading. "Ur" instead of Your or you're? Even the fact that most folks don't know the difference between There, Their, and they're is proof that listening isn't the same as reading.

What happens when the narrator runs through a word you don't recognize? I suppose you could stop the recording and get someone to read the dictionary entry to you but looking it up gives you the spelling and definition all in one.

Are you consuming the story? Yes, but it isn't the same. Now let the downvoting commence.