Spotify has announced plans to increase the price of its Premium subscription plans by $1 to $2 in several key markets, including the UK, Australia, Pakistan, and two other unspecified markets by the end of April, with a similar increase expected in the US later in 2024. This marks the second price hike within a year, a move aimed at supporting the company's long-term profitability goals. The price adjustments are partly to cover the costs associated with the introduction of audiobooks to the Spotify Premium service, which has recently expanded to include Canada, Ireland, and New Zealand. The expansion of audiobooks and the price increase have been positively received by the market, with Spotify shares ($SPOT) rising by 5.9% following the announcement. Additionally, Spotify is introducing new subscription tiers, including a basic plan that will be priced similarly to the current Premium plan but will exclude audiobooks.
Spotify’s recent foray into audiobooks may result in another price hike for Premium users. https://t.co/7Sj3ADCuUV https://t.co/p2xmh4EbKK
Spotify to increase its subscription price in THESE countries https://t.co/Sww8BnSRIB
Spotify is going to raise their prices later this year ✳️ Pricing just increased less than a year ago (via @business) https://t.co/uXfZoGZeUe
Spotify is planning to raise prices again in the U.S. and some other markets, as the streaming company aims to make good on its profitability promises https://t.co/shfvBKbvBM
Soon it’ll be cheaper to listen to your own ai musician than to pay for Spotify. https://t.co/nraWobSybM
Good news and bad news for Spotify users Bad news: - Premium prices are rising this month for the 2nd time in a year Good news: - A new sub tier is dropping that costs the same price as the current premium plan, only drawback is that it excludes Audiobooks
Spotify follows Apple and Amazon as it plans to raise prices and offer new plans to customers. https://t.co/ZFn61SG9mg
Spotify, which increased the cost of its U.S. monthly subscriptions less than a year ago, reportedly plans to raise prices again in several overseas markets at by the end of this month and in the U.S. later this year. https://t.co/rqSvFQnb3z
Spotify to Raise Prices Later This Year: Report https://t.co/rqSvFQnb3z
Spotify Plans More Price Increases in 2024: Report https://t.co/DiuC4HMh4x
Spotify is about to raise prices, but it’ll also add new cheaper plans https://t.co/jhKkgHwtAh
Spotify might be getting a bit more expensive — again https://t.co/GBn3NszQhg
Spotify will hike the cost of its premium plans for the second time in a year https://t.co/uWy0Bn5D5k https://t.co/FH5f9kdbGi
Spotify is reportedly going to get more expensive later this year https://t.co/X5Ov1pvSTt
Another Spotify price hike is reportedly coming later this year https://t.co/Pfkmz6pPIe
Spotify to hike prices, introduce a new basic tier: report https://t.co/O1VP1NYp09 https://t.co/xaXAWTguMO
Spotify is planning to increase prices for its subscription plans: https://t.co/j66gwcJ2dC https://t.co/QDyWgxhdS0
Spotify shares up on report it plans to raise prices https://t.co/8rKtkDCQrU
Spotify to raise prices in some markets, Bloomberg News reports https://t.co/lUz8KwAtST https://t.co/2XpWhva0T5
Spotify prices are going up again 🙄 https://t.co/434T4OV8Q0
Spotify will increase prices by $1 to $2 a month in five markets by the end of the month, including the UK, Australia and Pakistan Prices will also increase in the US later this year. The higher prices will help cover audiobooks https://t.co/8JMpPJe9t2
Spotify is reportedly getting a price hike, but also some new subscription tiers https://t.co/b2x89ZIld8 by @nexusben
Spotify Reportedly Increasing Prices This Year And Launching New Basic Subscription Tier https://t.co/5r2QVbQbFS https://t.co/tON0yQMGdN
Spotify is increasing its prices. Here's what it means for subscribers: https://t.co/gYyo8wVUf4 https://t.co/EySq9k42Ox
Some Spotify plans are reportedly getting more expensive soon https://t.co/rapTZFMViL
$SPOT | Spotify Stock Is Surging Today: Here's Why Spotify plans to raise the price of its music streaming service by approximately $1 to $2 per month in several key markets. The price increases are expected to help cover the cost of audiobooks, which Spotify introduced late… https://t.co/QAZpaevkgX
Spotify Stock Jumps on Report It Soon Will Be Raising Prices https://t.co/yuIX7qsS5C
Spotify’s price is reportedly going up again https://t.co/Qs63BxlxnQ
Spotify Is Raising Prices Again. Audiobooks to Blame, Report Says https://t.co/sM74Sa2RCk https://t.co/DkrZEN2Vvy
Spotify $SPOT to increase prices and introduce new pricing options - Bloomberg https://t.co/r1yHvW1ajO https://t.co/GxUtA5Cdj1
#music #streaming #Spotify to raise prices: https://t.co/UXUtQMmklm $SPOT up +5.5% & $UMG.AS up +4.4% at new #alltimehighs: https://t.co/OcDt3PaXYG https://t.co/b0myP5tjdI While $WBD continues to grind lower (near 15 yr lows): https://t.co/f82xDIAkRr
Spotify price hikes coming https://t.co/EuocWQpNJS
SPOTIFY $SPOT TO RAISE PRICES BY $1-$2 FOR INDIVIDUAL, FAMILY PLANS - Bloomberg Spotify is up 5% in today’s early trading on the news https://t.co/p7YXFi9vOz
Sources: Spotify plans to raise prices by $1 to $2 per month in the UK, Australia, Pakistan, and two other markets by the end of April, and the US later in 2024 (Bloomberg) https://t.co/uewd5VaVCz 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/2BgtKsglGO
Spotify is reportedly raising prices in a few major countries Via: Bloomberg https://t.co/Z1vZdCqVXv
$SPOT SPOTIFY SHARES UP 5.9% AFTER REPORT CO TO RAISE PRICES IN SOME MARKETS
Spotify raising prices for subscribers again this year https://t.co/NJu94Gho4s by @apollozac
Scoop: Spotify is raising prices again. It’s also creating a few new kinds of plans. https://t.co/wqPLTETaQP
Spotify plans to raise the price of its popular audio service in several key markets for the second time in a year, a crucial step toward reaching long-term profitability. https://t.co/eGTgsjXOj9
$SPOT SPOTIFY TO RAISE PRICES BY $1-$2 FOR INDIVIDUAL, FAMILY PLANS
Spotify's subscriber audiobook credit is coming to Canada and other countries next week https://t.co/f2ja0SG8h6
Spotify's free audiobook credit is coming to Canada and other countries next week https://t.co/dw1ipdY5WG https://t.co/FhYp6KbTCh
Spotify brings its free audiobooks perk for Premium users to Canada, Ireland and New Zealand https://t.co/osSDLgGbCf
Spotify brings its free audiobooks perk for Premium users to Canada, Ireland and New Zealand: https://t.co/cZ01y4Kudi by TechCrunch #infosec #cybersecurity #technology #news
Spotify Premium’s free audiobook upgrade just got bigger and better https://t.co/xju4dFVmGw
Spotify has launched audiobooks in Canada, Ireland, and New Zealand. Here's how to use it. https://t.co/QAjoJp35EO
More audiobooks are coming to Spotify Premium in Canada https://t.co/wx9Se7yH5r https://t.co/VpR4MNqUpS