Finance
Spotify to raise monthly subscription price to $12.99 in US and other markets
Published by Global Banking & Finance Review®
Posted on January 15, 2026
2 min readLast updated: January 19, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 15, 2026
2 min readLast updated: January 19, 2026
Spotify increases its premium subscription price to $12.99 in the US, Estonia, and Latvia, aiming to enhance content and growth strategy.
Jan 15 (Reuters) - Spotify will increase the price of its monthly premium subscription plan by $1 to $12.99 in the United States, Estonia and Latvia markets, the Swedish streaming platform said on Thursday.
The company said its new pricing would take effect on consumers' billing dates starting in February. Subscribers will receive an email about the price adjustment. Its shares rose nearly 1% in premarket trading.
Spotify has relied on price increases in recent years to drive growth. Last year, its finance chief Christian Luiga said despite raising prices in more than 150 countries, the company has not observed any significant rise in customer churn, underscoring its emphasis on retaining existing users rather than aggressively pursuing new ones.
The company said on Thursday the price change is a part of its ongoing efforts to "keep delivering a great experience," signaling that the increased revenue will be reinvested into improving the platform and supporting creators.
Its premium subscribers rose 12% to 281 million in the third quarter. The company had 713 million monthly active users at the end of the period.
Spotify has said its investment priorities center on top-line growth, driving user acquisition in emerging markets and expanding content to include more podcasts, videos and audiobooks.
Earlier this month, the company expanded its monetization program for creators and introduced new tools for video podcasters in a crowded segment where YouTube and Netflix are vying for a market share.
Spotify also made its music videos available to premium subscribers in the U.S. and Canada, as it looks to attract more users and advertisers on the platform.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Shilpi Majumdar)
A premium subscription is a paid service that offers enhanced features or content compared to a free version. In the context of Spotify, it allows users to access ad-free music streaming and additional functionalities.
A price adjustment refers to a change in the price of a product or service. This can occur due to various factors, including market demand, competition, or changes in operational costs.
Existing subscribers are individuals who have already signed up for a service and are currently using it. They may receive notifications about changes, such as price increases or new features.
A subscription service is a business model where customers pay a recurring fee to gain access to a product or service, such as music, software, or streaming content, typically on a monthly or annual basis.
Market adjustments are changes made in response to economic conditions or consumer behavior. They can affect pricing, availability, and overall business strategies to remain competitive and meet customer needs.
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