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# Spotify stock jumps 11% on report of price increases in US, UK, AU
- URL: https://www.hypebot.com/spotify-stock-up-8-on-report-of-planned-price-increase-in-us-uk-au/
- Published: 2024-04-04T13:42:00.000Z
- Updated: 2024-04-04T15:14:31.000Z
- Description: UPDATED: Spotify plans to raise the price of paid subscription service in multiple markets later this month and in the U.S. later in the year. The news sent Spotify stock [NYSE: SPOT} up 8.15% on Wednesday, and momentum continued with another 3% increase in late morning trading Thursday…..
- Author: Bruce Houghton
- Tags: Music Business, Streaming, DIY musicians, music, music industry, Music Tech, musician, musicians, Spotify, #wp, #wp-post, #Import 2026-01-21 11:15

UPDATED: Spotify plans to raise the price of paid subscription service in multiple markets later this month and in the U.S. later in the year. The news sent Spotify stock \[NYSE: SPOT} up 8.15% on Wednesday, and momentum continued with another 3% increase in late morning trading Thursday.

Bloomberg [reported](https://www.bloomberg.com/news/articles/2024-04-03/spotify-is-changing-how-it-charges-customers-with-new-plans-and-prices?embedded-checkout=true&ref=hypebot.com) Wednesday that Spotify subscriptions will increase by $1 a month for individual plans and $2 for family and duo plans in the U.K., Australia, and Pakistan by the end of April. A price increase in the US will follow later this year, and increases in other territories are under consideration.

The streamer will also launch new subscription plans, including a super-premium plan with high-rez audio and another that does not include audiobooks.

In July of last year, Spotify raised prices $1 to $2 per month in 50 markets, including the US, UK, Europe, South America, and Asia, following similar increases by Apple Music and other music streaming competitors months before.

**Bruce Houghton* is the Founder and Editor of [Hypebot](https://www.hypebot.com/), a Senior Advisor at [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com), President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com), and a [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com) professor.*