SPOT Jun 2024 330.000 call

Spotify hikes prices, stock rises

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.