Spotify is reportedly ready to increase the price of its subscription offerings, with the music streaming service seeking to pay for its expansion into podcasts and audiobooks while battling to become profitable in the long term.
It's reported that the streamer intends to increase prices in five markets by the end of this month including the UK, Australia, and Pakistan according to a new report. That report also notes that the United States will receive a price hike as well, although that won't happen until later this year. The price increases are expected to be around $1 or $2 but it isn't clear how that will translate to local currencies.
