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Spotify Announces Second Price Hike for U.S. Users in Less Than a Year

Spotify premium subscribers in the United States will soon have to pay more to keep listening to their favorite songs and podcasts without disruption. The streamer announced on Monday that it would raise the cost of its premium tiers for U.S. users, marking the...

Spotify Shares Jump Following Strong Earnings Report

Spotify stocks jumped by 10% during premarket trading after the streaming platform released its fourth-quarter earnings. Despite an operating loss of 75 million euros ($80.6 million) led by real estate-related expenses, the company is on course to a first-quarter operating income of 180 million...

Spotify Insists Price Hikes Will Nor Harm Subscriber Growth

Spotify insisted that its recently-announced price hikes would not have a harmful impact on its recent subscriber growth. This comes after shares in the music streaming platform slumped to their lowest level since mid-December on Monday. On Monday, Spotify announced that it would be implementing...

Spotify Plans to Raise the Prices for Premium Plan in the U.S.

Americans are set to pay higher prices for their premium Spotify experience. The music streaming platform plans to increase the subscription fee for their ad-free premium plan in the U.S., according to a recent report by Wall Street Journal. The current price of the Spotify...

Spotify Misses Quarterly Earnings Estimates

Spotify released its quarterly earnings report on Tuesday, showing signs of improvement from 2022 despite missing Wall Street estimates. The company reached its highest-ever first-quarter growth in monthly active users, thereby boosting its subscriber base. Revenue for the period was 3.04 billion euros, compared to...

Spotify Stock Climbs After Unexpected Revenue Surge

Spotify has been one of the most successful music streaming platforms in the world for years, and yet the company is still managing to surprise analysts. Finance wizards who work for Wall Street made bold predictions about how Spotify would fare in the second quarter,...