Spotify Shares Jump After Company Announces Price Hikes
Spotify raised prices in the US twice last year, up to $11.99 a month.
Photographer: Michael M. Santiago/Getty ImagesSpotify Technology SA shares rose after the company announced it’s raising premium subscription prices across many markets outside the US.
The Swedish music streaming company is updating prices across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region, according to a statement on Monday. Over the next month, customers will receive an email outlining the new price plan. Subscription prices vary by country, but the statement included a sample email describing a price increase of €1 per month to €11.99 ($13.87).