Spotify will introduce a new expensive plan for its most ardent users later this year, Bloomberg News reported on Tuesday, citing a person familiar with the plan.
Spotify (SPOT) closed at $324.75 in the latest trading session, marking a -0.59% move from the prior day.
Recently, Zacks.com users have been paying close attention to Spotify (SPOT). This makes it worthwhile to examine what the stock has in store.
Spotify Technology shares surged for the second consecutive day on news of a price hike for U.S. subscribers of its music streaming service.
Prices are going up, and that's great for shareholders.
Sweden-based audio streaming giant Spotify announced Monday it is raising prices for its Premium plans in the U.S. once again, after increasing subcription fees nearly a year ago.
Shares of Spotify Technology (SPOT) rose in intraday trading Monday after the streaming music provider announced an increase in subscription prices in the U.S.
Analysts expect the streaming giant could drive further growth by offering tailored subscription plans based on consumer preferences in verticals such as music, audiobooks and podcasts.
Spotify is raising the prices of its premium plans in the United States, saying it aims to invest in its product features. Beginning immediately for new subscribers and on the July billing date of existing subscribers, the new prices for the plans are $11.99 for Individual, $16.99 for Duo, $19.99 for Family and $5.
A new Spotify subscription will now cost you $12 a month.
Spotify Technology SA (NYSE:SPOT) has increased its monthly subscription prices for individual, duo and family packages to, in its own words, “continue to invest in and innovate on our product offerings and features, and bring you the best experience. Individual plans will increase from $10.99 to $11.99, duo plans from $14.99 to $16.99 and family plans from $16.99 to $19.99.
Here is how Spotify (SPOT) and Seagate (STX) have performed compared to their sector so far this year.