![]() ![]() Revenue for Q1 fell short of Spotify’s guidance, which the company blamed on headwinds in its advertising business. Overall, including free, ad-supported accounts, it tallied 515 million total users worldwide. In the first three months of 2023, Spotify gained 5 million Premium subscribers - beating its expectations - to stand at 210 million. And if you want to share the premium membership with your family, you’ll spend 16.99 per month. To get the most out of Spotify, you need to get a premium membership that costs 10.99 per month. Amazon Music Unlimited also raised its monthly price to $10.99 (for non-Prime members), and this week YouTube increased the price of the YouTube Music Premium plan to $10.99/month (while also raising the fee for YouTube Premium by $2, to $13.99/month). With services like Spotify, you can easily stream your favorite playlists, find customized radio stations, and even listen to podcasts. Last fall, Apple Music raised its subscription price to $10.99 per month for individuals, with the family plan jumping two dollars to $16.99/month, among other plan increases. Auto-renews at 16.99 CAD /month after offer period. ![]() Offer not available to users who already tried Premium. Try 1 month free, only 16.99 CAD/month after. I feel good about this upcoming year, and what it means about pricing for our service,” he said, without providing further details. Family members living under one roof can enjoy up to 6 Premium accounts. “When our competitors are raising their prices, that is really good for us,” he said on the company’s third-quarter 2022 earnings call in October, noting that the company had to that point raised prices more than 40 times in markets around the world.Įk said that increasing the subscription price in the U.S., the world’s largest music market by far, “is one of the things we would like to do and it’s something we will with our label partners. The company is scheduled to report second-quarter 2023 earnings next Tuesday, July 25, before the market opens.ĭaniel Ek, Spotify’s CEO, has previously said the company is considering a price increase in the U.S., following price increases by rivals like Apple Music. ![]()
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