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Solely college students who pay a reduced month-to-month price are exempt from Spotify’s most up-to-date value hikes.
Spotify formally confirmed on Monday that it’s elevating month-to-month subscription costs for nearly all paying clients within the U.S. subsequent month.
“In order that we are able to proceed to spend money on and innovate on our product options and convey customers the perfect expertise, we often replace our costs,” the corporate defined.
Particular person plans are going up by about 10% in July, from $10.99 to $11.99, whereas Duo and Household plans will improve by $2 and $3 respectively to $16.99 and $19.99.
The premium scholar plan, which college college students can enroll in for as much as 4 years, will keep $5.99 month-to-month.
A Spotify Premium emblem and a smartphone with the Spotify homepage. (Picture Illustration by Mateusz Slodkowski/SOPA Photos/LightRocket by way of Getty Photos)
The worth will increase are Spotify’s second inside a 12 months, after a bounce from $9.99 to $10.99 for particular person plans final July.
The music streaming large saved particular person subscriptions at $9.99 for over a decade, from its launch within the U.S. in 2011 to 2023.
Associated: Is Spotify Increasing Prices? Streamer Hiking Premium Plans
Paying a subscription price is not required to make use of Spotify; the music streaming service additionally has a free tier with advertisements. Spotify lately removed limitless entry to lyrics at no cost customers, additional drawing the road between free and premium subscriptions.
Spotify competitor Apple Music has comparable costs for college students ($5.99) however has not raised particular person or household plan costs from $10.99 and $16.99 respectively — which at present makes both plan cheaper than its Spotify equal.
Spotify’s most up-to-date February earnings present that 236 million of its 602 million customers pay to make use of the music streamer.
Associated: Spotify Removes a Key Feature From Its Free Music Listening Tier
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