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Spotify Hikes Premium Subscription Prices by €1 in International Markets

Following a profit forecast that fell short of expectations, the €1 monthly rise helps align global rates with U.S. pricing.

Overview

  • Starting September, Premium individual rates will increase from €10.99 to €11.99 per month across South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific.
  • American subscribers remain unaffected, keeping the individual plan at $11.99 per month.
  • In India, the Premium individual plan has risen from ₹119 to ₹139 per month, with Duo and Family tiers also seeing double-digit hikes.
  • The move comes after Q2 results showed strong subscriber growth but a profit forecast that fell below analysts’ estimates.
  • Shares jumped nearly 8% on the announcement and affected users will receive email notifications ahead of their September billing dates.