In a bid to reach long-term profitability, Spotify plans to increase the price of its subscriptions in a few major markets, according to Bloomberg.
Reports suggest that the company will increase its prices by around $1-2 a month in five regions by the end of the month, including the UK and Australia. The sources, who asked not to be identified, also said Spotify will raise prices in the US later this year. This would mark the second time in under a year that the company has raised its prices.
