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Spotify is upping the cost of its premium plans in the U.S., in a move that reflects a trend among streaming services to hike prices in pursuit of greater profits.
Spotify is hiking rates for its monthly streaming plans in the U.S. for the second time in a year. The Spotify Premium Individual plan is increasing by $1, from $10.99 to $11.99 per month ...
Spotify is reportedly considering another subscription tier. ... The $6 fee would be in addition to the current $12 per month Spotify Premium plan. There is, however, no firm timeline for the plan ...
Spotify Premium plan. Previous monthly subscription price. New monthly subscription price. Percentage increase. Individual. $10.99. $11.99. 9.09%. Duo. $14.99. $16.99
In the United States, Spotify's largest market by revenue, it charges $11.99 per month for its individual tier, which goes as high as $19.99 for the family plan that can house six members.
Spotify's revenue for Q1 2020 amounted to €1.85 billion ($2 billion). A large part of this sum, €1.7 billion ($1.84 billion), came from Spotify Premium subscribers. Gross profit in the same quarter amounted to €472 million ($511 million), with an operating loss of €17 million ($18 million). [203]
The Official Audio Streaming Chart (previously the Official Streaming Chart) is a music chart based on plays of songs through audio streaming services (including Spotify, Deezer, Google Play Music, Apple Music, Amazon Music and Tidal) in the United Kingdom. [1] It features data from both premium and ad-supported services. [2]
The move will result in a $1 price increase for Spotify's U.S. plans, with the premium single now starting at $10.99, duo at $14.99, family at $16.99 and the student plan at $5.99. Spotify has ...