Previous Close | 10.94 |
Open | 10.94 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 230.00 |
Expire Date | 2025-01-17 |
Day's Range | 10.94 - 10.94 |
Contract Range | N/A |
Volume | |
Open Interest | 989 |
On a monthly basis, Spotify has raised prices of its individual plan to $11.99 from $10.99, duo plan to $16.99 from $14.99 and its family plan to $19.99 from $16.99 in the U.S. Spotify has been trying to boost its margins in recent months by lowering marketing spending and through layoffs, after relying on promotions and hefty investments to drive user growth. "We're increasing the price of Premium Individual so that we can continue to invest in and innovate on our product offerings and features," Spotify said in an email, which it plans to send to its subscribers in the U.S. over the next month.
Spotify stock has room to run higher this year as the streaming music leader shows improved profitability, a Wall Street analyst says.
Spotify (SPOT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.