Spotify (SPOT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this music-streaming service operator have returned +9.6% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Technology Services industry, to which Spotify belongs, has gained 1.9% over this period. Now the key question is: Where could the stock be headed in the near term? Whi ...

Prices are going up, and that's great for shareholders. Spotify (SPOT 5.67%) announced another price increase in Monday, and shares jumped as a result. In this video, Travis Hoium discusses the company's improving operating leverage and a massive jump in free cash flow over the past year. *Stock prices used were end-of-day prices of June 3, 2024. The video was published on June 3, 2024. ...

Spotify is hiking prices for its Premium plans in the U.S. for the second time in less than a year in the audio streaming giant's latest move to expand its margins. The Sweden-based firm announced Monday it will raise the monthly subscription price for its popular Premium individual plans to $11.99, up from $10.99. Spotify's duo plans will increase to $16.99 from $14.99, and family plans will jump $3 to $19.99. The company kept its student plan price in place at $5.99. Spotify said subscribers will receive ...

Key Takeaways Streaming music provider Spotify on Monday announced a price increase for its Premium customers in the U.S., and shares rose. The cost for an individual subscriber will go up by $1 to $11.99 per month, and more for Duo and Family subscribers. The new rates take effect in July, one year after the company last raised subscription prices. Shares of Spotify Technology (SPOT) rose in intraday trading Monday after the streaming music provider announced an increase in subscription prices in the U.S. ...

Spotify is raising the prices of its premium plans in the United States, saying it aims to invest in its product features. Beginning immediately for new subscribers and on the July billing date of existing subscribers, the new prices for the plans are $11.99 for Individual, $16.99 for Duo, $19.99 for Family and $5.99 for Student, the streaming service said in a Monday (June 3) blog post. The first three prices are up from $10.99, $14.99 and $16.99 respectively. The price of the Student plan is unchanged, CN ...

Spotify has announced its second price hike in a year, with a new monthly subscription to the music streaming service now costing $12 in the U. Existing subscribers will see an increase in July. In addition, Spotify detailed a $2 bump for Duo and an additional $3 for Family subscriptions, and this follows a price rise for Australia and the UK earlier this year. Spotify last increased the US price from $10 to $11 in July, while the company has also since thrown in 15 hours of audiobooks a month. The "free" a ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical wri ...

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Spotify (SPOT) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Spotify is a member of the Business Services sector. This group includes 316 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of t ...

Topline Shares of Spotify rose by about 5% on Monday, after the company announced it will once again raise the prices for its subscription plans in the U.S., following an increase in subscribers. The price hikes make Spotify's subscription service more expensive than rival Apple Music. AFP via Getty Images Key Facts Spotify shares rose to over $310 as of 10 a.m. Monday, following an earlier surge in premarket trading. The music streaming firm said it would raise the monthly prices of its ad-free, premium su ...

Spotify is raising prices for the second time in two years, upping the monthly rate for its ad-free premium plan by $1 starting in July. When the new price of $11.99 takes effect, it will be 20% higher than it was in 2022. In a blog post, the Sweden-based streaming audio company said it is making the move in order to "continue to invest in and innovate on our product features and bring users the best experience." The increase will apply to other plans. The monthly cost of Duo, the setup for two people shari ...