• In the US, Spotify is raising the subscription price for its family plan from $14.99 to $15.99.
  • In the UK, prices for Spotify Duo and Student are increasing by one euro per month to £13.99 ($16.90) and £5.99 ($7.24), respectively, while the family plan will increase by two euros to £16.99 ($20.52).
  • In Europe, the family plan will increase by 3 euros to €17.99 ($21.73) per month.

"We offer a variety of subscription plans tailored to our users' needs, and we occasionally update our prices to reflect local macroeconomic factors and meet market demands while offering an unparalleled service," a Spotify spokesperson said.

The company also plans to continue "to innovate and invest in providing our listeners with greater value than ever before, including the best audio content and user experience." Shares of Spotify rose following the news.

Spotify currently has about 155 million paying subscribers.

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