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flag Spotify raises premium subscription price to €11.99, aiming to expand services and boost profits.

flag Spotify plans to raise its premium subscription price to €11.99 from €10.99 in several markets starting September, aiming to fund new features and reach one billion users. flag The price hikes, part of Spotify's strategy to boost profits, helped the company achieve its first annual profit last year. flag Co-President Alex Norstrom says these moves are key to expanding services and improving margins.

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