Spotify next month will raise the price of its Premium subscription plan from $11.99 to $12.99 a month. The new rate will be effective in the U.S., Estonia and Latvia.
Spotify is increasing the price of its Premium subscription service by $1 a month in the United States. The monthly price of an individual Premium subscription will increase from $11.99 to $12.99, effective in February, the company said in a Thursday (Jan. 15) press release.
The streaming giant will raise the U.S. price of its Premium tier to $12.99 a month in February. Analysts say the move could support revenue after recent growth slowed.
Spotify raised prices for its subscription plan in the U.S. for the third time in three years, as it hiked the monthly plan from $11.99 per month to $12.99 per month.
Spotify is raising the Premium subscription price by $1 per month in the U.S., Estonia and Latvia. The monthly price will go from $11.99 to $12.99 starting in February.
Spotify is lifting the price of its Premium subscription service by 8%, underlining how major streaming platforms are leaning more on subscription revenue to support sustained profitability. The Swedish audio group said on Thursday that US prices will rise to $13 a month, marking its first increase for American users since 2024.
Spotify said on Thursday it would raise the price of its premium subscription service from $11.99 per month to $12.99 for existing subscribers in the U.S., Estonia and Latvia.
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