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Spotify raises premium subscription price to €11.99, aiming to expand services and boost profits.
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.
The price hikes, part of Spotify's strategy to boost profits, helped the company achieve its first annual profit last year.
Co-President Alex Norstrom says these moves are key to expanding services and improving margins.
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Spotify eleva el precio de suscripción premium a 11,99 €, con el objetivo de expandir los servicios y aumentar las ganancias.