Spotify said on Monday (Aug 4) it would increase the monthly price of its premium individual subscription in select markets from September, as the Swedish streaming giant looks to improve margins. \n\nThe subscription price will rise to €11.99 (US$13.86) per month from €10.99 in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region. \n\nOver the next month, subscribers will receive an email explaining the price increase. \n\nShares of Spotify rose about 3 per cent in premarket trading. They have risen about 40 per cent so far this year. \n\nLast month, the company forecast its quarterly profit below analysts’ estimates, as higher taxes related to employee salaries outweighed music streaming demand.

Spotify To Raise Premium Subscription Price In September

Spotify announced it will increase the monthly price of its premium individual subscription in select markets starting September 2025, raising the price from €10.99 to €11.99 in regions including South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific. The move aims to improve margins, and shares rose 3% in premarket trading following the announcement.