Spotify announced On Monday, its award subscription prices will increase for users in numerous markets across the Middle East, Africa, Europe, Latin America and Asia-Pacific region.
Over the next month, hit subscribers will receive an email explaining that their monthly subscription cost will increase from € 10.99 to € 11.99.
Spotify made a similar Change Last year for users in the United States, increasing prices from $ 10.99 to $ 11.99 – at the time, it marked the second application when they rose prices last year.
These price raises arrive after Spotify’s rough report last week, when the platform missed revenue expectations, causing its stock price to drop 11%. About the corresponding earnings with investors, Director Daniel Ek declared that he is “unhappy with where [Spotify is] Today “, but remained” confident about the ambitions we have presented for this business. ”
Spotify Shares rose 5% in pre -market business after announcing prices.
