Spotify hikes U.S. Premium subscription price months after last rate increase

Group 1 - Spotify Premium subscription prices will increase from $11.99 to $12.99 per month in the U.S., Estonia, and Latvia starting with the February bill [1] - Users will receive an email notification regarding the price change, which will state that the increase is necessary for the company to "keep delivering a great experience" [1] - The last price increase for U.S. users occurred in June 2023, when the price was raised to $11.99 from $10.99 in July 2023 [1] Group 2 - The music streaming platform reported strong third-quarter earnings in November [2] - However, fourth-quarter revenue and total premium subscription guidance fell short of analyst expectations [2]