Spotify raises subscription prices Techcrunch

Spotify Declare On Monday, the distinguished subscription prices for users in multiple markets will increase throughout the Middle East, Africa, Europe, Latin America, Asia and the Pacific.

Next month, affected subscribers will receive an email that shows that their monthly subscription cost will increase from 10.99 euros to 1199 euros.

Make a similar Spotify Changing Last year for users in the United States, price increases from $ 10.99 to $ 11.99 – at the time, that was the second example when they raised prices during the past year.

This price height reaches after the Spotfi profit report last week, when the platform missed revenue expectations, causing its share price to He falls 11 %. On the corresponding profit call with investors, CEO Daniel Ike I mentioned He is “not satisfied with the place (Spotify) today,” but he remained “confident in the aspirations that we put in this work.”

Spotify The shares rose 5 % In the pre -market trade after announcing the high prices.