Spotify Announced Its premium membership prices will rise for users in many markets in the Middle East, Africa, Europe, Latin America and Asia-Pacific region on Monday.
In the next month, the affected customers will receive an email, stating that their monthly membership cost will increase from 10,99 € to 11,99 €.
Spotify made the same Change For users in the US last year, prices are rising from $ 10.99 to $ 11.99 – at the time, it marked the second example when they increased the prices of last year.
This price hike last week comes after the report of some earning of SPOTIFY, when the platform remembered the revenue expectations, which led to its share price. drop 11%. On the same earning call with investors, CEO Daniel EK Stated That he “unhappy from where [Spotify is] Today, “but” for this business we have fulfilled the ambitions we have fulfilled. ,
Spotify Share increased by 5% In pre-market trading after announcing the price hike.
