Spotify to raise US prices in first quarter of next year, FT reports

Core Insights - Spotify plans to increase its U.S. subscription prices in the first quarter of next year, as reported by the Financial Times, citing three sources familiar with the matter [1] Company Summary - The price hike is expected to impact Spotify's subscription model, potentially affecting user retention and revenue growth [1] - The decision to raise prices may reflect broader trends in the streaming industry, where companies are adjusting pricing strategies to enhance profitability [1] Industry Summary - The streaming industry is experiencing shifts in pricing strategies as companies seek to balance user growth with financial sustainability [1] - This move by Spotify may signal a trend among competitors to follow suit in raising subscription prices [1]