Spotify to raise premium subscription price in some markets — stock surges

The company's shares jumped nearly 8%. They have gained about 40% so far this year. The subscription price will rise to $13.86 per month from $12.71 in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region. Spotify said subscribers will receive an email explaining the price rise over the next month. Price increases in the past, combined with cost-cutting efforts in recent years, have helped it to achieve its first annual profit for 2024. Spotify said on Mon ...