After announcing it is raising prices in regions including Europe, South Asia and Latin America, Spotify is reportedly about to increase prices again in the US.
The US is included in the latest Spotify price hike on its Premium services starting in early 2026, according to the Financial Times, which cited three sources familiar with the streaming music company’s dealings. For now, the least expensive Premium plans in the US start at $12, but the price hike would likely put it in line with the other regions where the Premium plan costs about $14 a month.
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Spotify also offers a Premium Family plan that covers six people in the same household for $20 and plans for students ($6 a month bundled with Hulu) and couples ($17 a month). Spotify also offers a Basic plan that does not include access to audiobooks for $11 a month. A representative for Spotify did not immediately respond to a request for comment.
A steady increase
If the report is accurate, this would be the third price increase on Premium plans in the US since 2023. Before those hikes, Premium plans were $10, but Spotify raised its minimum price by $1 in 2023 then again in 2024.
Just this week, Spotify added the ability to seamlessly import playlists from other music services including Apple Music and Tidal.
Spotify has faced some controversy this year, including some music acts abandoning the platform and some customers canceling subscriptions over advertising for Homeland Security’s ICE program. CNET has a guide for canceling your Spotify subscription.
The company is the market leader among music streaming apps with about 32 percent market share as of the end of 2024.
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