Spotify confirmed that it has raised prices for various subscription products in markets including the United States (Family Plan), United Kingdom (Student, Family, and Duo Plans), and Brazil (Full Portfolio). It’s also been an issue for Spotify’s profitability and average revenue per user (ARPU), which has decline as the DSP has launched in more developing markets. The static price points of streaming subscriptions came under discussion during the DCMS Committee streaming investigation. The streaming giant announced the move in its Q1 financial results. More information is likely to be revealed around the earnings call on Wednesday.Spotify has confirmed price rises in 12 markets including the UK. While streaming arguably has saved the music industry and Spotify is by far the world’s top paid-subscription service, with 155 million subscribers at its last announcement, any business with its rate of growth has to level off sometime - and that, combined with pandemic lockdown gradually lifting, may be leading the company to slower growth.

However, it seems likely that the company is shoring up for some less than optimal news in the coming earnings report. The company had no further comment, although a source close to the situation tell Variety that further price hikes are not planned in the U.S. We offer a variety of subscription plans tailored to our users’ needs, and we occasionally update our prices to reflect local macroeconomic factors and meet market demands while offering an unparalleled service.” Some countries in Asia and South America will also see similar price increases, the Verge statesĪ rep for the company said in a statement: ““With more than 70 million tracks and 2.2 million podcasts, Spotify continues to innovate and invest in providing our listeners with greater value than ever before, including the best audio content and user experience. The Family plan in Europe is also increasing from €14.99 to €17.99 per month.

Ireland and some other European countries will see both Student and Duo increasing by a euro each per month, to €5.99 and €12.99 per month respectively. Family accounts are going up twice what they are in the U.S.

As noted by the Verge, in the U.K., Spotify Student is increasing from £4.99 to £5.99 per month, with a Duo subscription (for two people) rising from £12.99 to £13.99. However, the increases are more widespread in Europe. Single Spotify Premium subscriptions are apparently not affected.

Spotify subscription prices