Spotify (SPOT) is raising the prices of its US subscription plans by $1 to $3, depending on the plan. Family plans will rise by $3 to $19.99 per month, while Spotify Premium subscriptions will rise by $1 to $11.99 per month. The audio streaming company last raised prices in the summer of 2023. In the video above, Yahoo Finance's Alexandra Canal breaks down the price increases. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Stephanie Mikulich.
Spotify will raise prices on US users across all three of its paid tiers.
Spotify is upping the cost of its premium plans in the U.S., in a move that reflects a trend among streaming services to hike prices in pursuit of greater profits.