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 plans more price increases in 2025, with monthly subscriptions for individuals and families going up, according to a bloomberg report.
Bloomberg says the streaming service plans to raise prices by about $1 to $2 per month by the end of april in five markets, including the united kingdom, australia.
Spotify’s recent price increase on its premium plans, which now range from $11.99 to $19.99, was the company’s second in one year, as it moves to enhance profit.
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Spotify plans more price increases in 2025, with monthly subscriptions for individuals and families going up, according to a bloomberg report.