Loading...
Market
Spotify's ARPU change in the US by end of 2024
5
Resolution / Starting Odds
Increase • 33%
Decrease • 33%
No Change • 33%
Spotify's quarterly earnings report
Story
Spotify Raises Premium Subscription Prices in US, Now $3 More Expensive Than Apple Music, Stock Rises 5%
Jun 3, 2024, 01:46 PM
Spotify has announced a price increase for its premium subscription plans in the United States, marking the second such hike within a year. Starting in July, the price for the Spotify Premium individual plan will rise from $10.99 to $11.99 per month. The Duo plan will increase from $14.99 to $16.99, and the Family plan will go up from $16.99 to $19.99, making it $3/mo more expensive than Apple Music. The Student plan will remain at $5.99 per month. This move comes as Spotify aims to boost its margins amid ongoing streaming inflation, following a previous hike in July 2023. Following the announcement, Spotify's stock saw a rise of approximately 5%.
View original story
Similar markets
Increase by more than 5% • 25%
Increase by 1-5% • 25%
Remain the same • 25%
Decrease • 25%
Less than $11 • 25%
$11 - $12 • 25%
$12 - $13 • 25%
More than $13 • 25%
Q4 revenue > Q3 revenue • 33%
Q4 revenue = Q3 revenue • 33%
Q4 revenue < Q3 revenue • 34%
Yes • 50%
No • 50%
Increase by more than 2% • 25%
Increase by 0-2% • 25%
Remain the same • 25%
Decrease • 25%
Less than €150 million • 25%
€150 million to €200 million • 25%
€200 million to €250 million • 25%
More than €250 million • 25%