For many global users, this has a big impact on the wallet of the cost of streaming your favorite music on Spatifs.
The music streaming service has announced that the monthly price of premium subscriptions starting in September is increasing by 11.99 euros (.8 13.87). Spatif said the rise in prices of 1 euro would affect markets in the region of South Asia, the Middle East, Africa, Europe, Latin America, and Asia Pacific, but did not listen to the list of these countries.
The price of US -based consumers will not be minimal. This will not be possible – the company increased the price of one dollar in 2023 and another dollar in 2024. Now it costs $ 12.
Spatif did not immediately respond to a request to comment on whether it plans to raise US prices for premium subscriptions.
In his announcement on Monday, Spatif said he was introducing prices hike “so that we keep innovating on the offers and features of our products, and bring you the best experience.”
The announcement shot the price of Spatif in the arm during Monday’s trading, which increased the price of stock in the NYSE by about 7 %. The share price fell 11.5 % on July 29 after the company’s profits predicted, with analysts forecasting.
Music streaming is a huge business
Spatif has maintained a comfortable market share between music streaming apps. By the end of 2024, the Sweden -based app was ranked first with about 32 32 % market share, followed by tensiles, Apple, Amazon and YouTube. One -third of the music streaming market is in North America, and the US market is expected to increase by 13 % by 2030.
Music and entertainment data and analytics company, a representative of the Lomant, said the music stream reached about 5 trillion globally.
“Our 2025 Medi Music Report shows that it is progressing, but its rate has slowed down in recent years.” “Instead, new fields of innovation and music discover by music listeners are hungry.
The spokesperson added, “Whether it be activity on the gaming platform or attitudes towards AI infolish content, young audiences are more open for unconventional and transmitted engagement.” “It should be a sign that development opportunities are changing, not diminishing.”
