Spotify To Raise Prices for Premium Subscriptions in US, Here’s what you need to Know
Spotify has raised the price of its premium subscription tiers in the United States for the second time this year.
Next month, Spotify users in the United States will receive an email informing them of price changes to the Premium, Duo, and Family Plans. Spotify Premium will now be $11.99 per month, up from the $10.99 increase announced last year.
The price increases come as Spotify appears to be in relatively excellent condition, having just reported a 20% increase in revenue, a 14% increase in premium members, and a record quarterly profit. However, the new pricing structure puts it ahead of its main rival Apple, which, for the time being, charges $10.99 and $16.99 for individual and family contracts.
Spotify said premium users will receive an email about the price rise within the next month. The company also confirmed to TechCrunch that the new premium price is effective now for new users, but will only apply to existing subscribers beginning with their July billing date.
Spotify announced pricing increases for international members last month, so these increases are not limited to US subscribers. Bloomberg reported last month that Spotify is still planning to offer its “Supremium” package, which includes lossless streaming and other features. Some Spotify users have even observed a Dolby Atmos logo on the app’s Now Playing section in recent months, implying that it is part of the Supremium feature set.
