Reported 6 days ago
Spotify has announced a price increase for its premium subscription across several regions, including the Middle East, Africa, Europe, Latin America, and Asia-Pacific. The monthly fee will rise from €10.99 to €11.99, with current subscribers being notified via email. This change follows a disappointing earnings report that resulted in an 11% drop in stock price, although shares saw a 5% increase in premarket trading following the announcement.
Source: YAHOO