Spotify Announces Another Price Increase in the US

Spotify has just announced another price increase for its Premium subscription in the US. This will be the second price increase in just a year, and Premium susbcribers will need to pay between $1 and $3 more per month depending on their current plan.

“On Spotify, users discover and enjoy music, podcasts, and audiobooks. So that we can continue to invest in and innovate on our product features and bring users the best experience, we occasionally update our prices,” the company explained today.

Here’s the new Spotify Premium price structure that just went live for new subscribers:

• Individual: $11.99 (previously $10.99)
• Duo: $16.99 (previously $14.99)
• Family: $19.99 (previously $16.99)
• Student $5.99 (no change)

Existing subscribers will start receiving the following email informing them about the upcoming price increase starting with their next billing cycle in July. Premium users currently on a trial will be given one month on the previous $10.99 price before being charged the new $11.99/month price.

Spotify recently raised its prices in the UK and a couple of other markets, and it also put features like lyrics behind its Premium paywall. The company had 239 million are paid subscribers as of April 2024, a number that was up 14% year-over-year. However, with this latest price increase, Spotify Premium is now more expensive than Apple Music, YouTube Music Premium, or Amazon Music Unlimited in the US.