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The price of Spotify has increased again

Daniel Ek, founder and CEO of Spotify, attends the 2016 Cannes Lions on June 22, 2016 in Cannes, France.

Antoine Antoniol | Getty Images

Spotify announced Monday that it is increasing the cost of its premium subscription plans in the United States, marking the The Swedish music streaming company’s second price increase in a year.

US Spotify users will be notified of the new change to their subscription within the next month.

Shares of Spotify rose more than 4% Monday morning.

For users in the United States, an “Individual” plan will cost $11.99. A “Duo” plan will cost $16.99 and a “Family” plan will cost $19.99. The “Student” plan will still cost $5.99.

Spotify said it was raising prices so the company could “continue to invest and innovate in our product features,” according to a blog post.

In July 2023, Spotify increased the price of its Individual offering to $10.99. It also increased the prices of its Duo plan, Family plan and Student plan to $14.99, $16.99 and $5.99, respectively. The company said the market landscape had “continued to evolve” since Spotify’s launch, according to a statement at the time.

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