Overview

• Individual Premium plans will rise from €10.99 to €11.99 each month in Europe, South Asia, the Middle East, Africa, Latin America and the Asia-Pacific region starting in September.
• In Mexico, the individual plan fee moves up from 129 to 139 pesos and subscribers will receive an email notification next month detailing the change.
• In Q2 Spotify reported revenue of $4.835 billion, marking a 10% year-on-year increase that fell short of analyst forecasts while its paid subscriber base grew 12% to 276 million.
• Spotify’s share price climbed about 3% before the market opened following the announcement, extending a roughly 40% gain so far this year.
• Executives say the price rise will help optimize margins as content licensing and staffing costs increase.