Spotify is raising prices for its premium subscriptions by 9% to €11.99 in Europe, Asia, Latin America, Africa, and the Middle East, marking its first increase in nearly two years. The move sent shares soaring up to 8% as investors welcomed the potential for higher margins. Despite recent disappointing quarterly results, the streaming giant’s bold pricing strategy signals confidence in customer loyalty amid economic uncertainty.
Strategic Boost Amid Inflation
The adjustment extends beyond individual plans, affecting student, duo, and family subscriptions while leaving the ad-supported tier unchanged—a calculated move to maintain user growth. With 276 million paying subscribers globally, even a modest €1 increase could significantly bolster revenue. Market analysts view this as a pivotal step toward sustainable profitability after years of thin margins. The timing, during widespread inflation, underscores Spotify’s dominant market position, though regional specifics, including Germany, remain undisclosed for now.
Ad
Spotify Stock: Buy or Sell?! New Spotify Analysis from November 7 delivers the answer:
The latest Spotify figures speak for themselves: Urgent action needed for Spotify investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from November 7.
Spotify: Buy or sell? Read more here...
