Spotify is increasing its prices in the United States for many of its subscription plans.
In a statement on its website, the audio streaming service said the increases were necessary so that it can “invest in and innovate on our product features and bring users the best experience.”
Here are the changes:
- Premium plan: $10.99 to $11.99.
- Duo plan, for two users in the same household: $14.99 to $16.99.
- Family plan, for up to six users in the same household: $16.99 to $19.99.
The company still offers a limited-service ad-supported tier, as well as a $5.99 plan for students. That price is not changing.
It’s only the second time Spotify has raised U.S. prices. The company is now consistently profitable, CEO Daniel Ek said during its latest earnings announcement, although its most recent monthly active user growth figure narrowly missed targets.
