Spotify Premium Monthly Price Rises from $11.99 to $12.99 in the U.S.
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Spotify is hiking the price of its Premium subscription plan in the U.S., effective next month.
In a notice sent to users on Thursday, the streaming giant announced that the cost of its Premium Individual plan will rise from $11.99 to $12.99 per month, starting with users’ February billing cycles.
“Occasional updates to pricing across our markets reflect the value that Spotify delivers, enabling us to continue offering the best possible experience and benefit artists,” a Spotify spokesperson told FOX Business in an email.
The company offers an advertising-supported free service with limited features, alongside a subscription-based paid service that unlocks all functionalities. Notably, Premium subscribers account for the majority of Spotify’s revenue.
SPOTIFY UPDATING APP FOR US USERS AFTER COURT RULING IN APPLE CASE
The Spotify website on a smartphone. (Gabby Jones/Bloomberg via Getty Images)
The company indicated that Premium subscribers across the U.S., Estonia, and Latvia will receive an email over the next month detailing the implications of this update for their subscriptions.
In addition to the Individual plan, Spotify will also increase prices for its other Premium plans. According to Billboard, the Premium Family plan will rise by $2, from $19.99 to $21.99, while the Premium Duo plan will increase from $16.99 to $18.99. The Premium Student plan will jump from $5.99 to $6.99.
THOUSANDS OF SPOTIFY USERS REPORT ISSUES ON APP, WEBSITE
The Spotify logo (Dilara Irem Sancar/Anadolu via Getty Images)
This latest price adjustment is part of a series of increases that Spotify has implemented over the past few years. In June 2024, the company raised prices for its Premium plans in the U.S. to $11.99, up from $10.99. This marked the second increase within a year as the audio streaming giant aimed to enhance its profit margins.
SPOTIFY RAISING US PRICES FOR PREMIUM PLANS, AGAIN
A businessman works in an office. (iStock)
Spotify, which boasts over 713 million users, has consistently communicated to its customers that these price hikes are essential for the company to invest in and innovate its product offerings and features.
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Before 2024, Spotify raised prices in July 2023, marking the first increase since the service launched in the U.S. in 2011.
Check out what’s clicking on FoxBusiness.com.
Spotify is hiking the price of its Premium subscription plan in the U.S., effective next month.
In a notice sent to users on Thursday, the streaming giant announced that the cost of its Premium Individual plan will rise from $11.99 to $12.99 per month, starting with users’ February billing cycles.
“Occasional updates to pricing across our markets reflect the value that Spotify delivers, enabling us to continue offering the best possible experience and benefit artists,” a Spotify spokesperson told FOX Business in an email.
The company offers an advertising-supported free service with limited features, alongside a subscription-based paid service that unlocks all functionalities. Notably, Premium subscribers account for the majority of Spotify’s revenue.
SPOTIFY UPDATING APP FOR US USERS AFTER COURT RULING IN APPLE CASE
The Spotify website on a smartphone. (Gabby Jones/Bloomberg via Getty Images)
The company indicated that Premium subscribers across the U.S., Estonia, and Latvia will receive an email over the next month detailing the implications of this update for their subscriptions.
In addition to the Individual plan, Spotify will also increase prices for its other Premium plans. According to Billboard, the Premium Family plan will rise by $2, from $19.99 to $21.99, while the Premium Duo plan will increase from $16.99 to $18.99. The Premium Student plan will jump from $5.99 to $6.99.
THOUSANDS OF SPOTIFY USERS REPORT ISSUES ON APP, WEBSITE
The Spotify logo (Dilara Irem Sancar/Anadolu via Getty Images)
This latest price adjustment is part of a series of increases that Spotify has implemented over the past few years. In June 2024, the company raised prices for its Premium plans in the U.S. to $11.99, up from $10.99. This marked the second increase within a year as the audio streaming giant aimed to enhance its profit margins.
SPOTIFY RAISING US PRICES FOR PREMIUM PLANS, AGAIN
A businessman works in an office. (iStock)
Spotify, which boasts over 713 million users, has consistently communicated to its customers that these price hikes are essential for the company to invest in and innovate its product offerings and features.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Before 2024, Spotify raised prices in July 2023, marking the first increase since the service launched in the U.S. in 2011.
