Spotify Premium subscriptions are getting more expensive.
The subscription price will rise from $11.99 per month to $12.99 per month in the U.S., Estonia and Latvia for the February bill, the streaming platform said in a blog post.
Users will get an email with the update sometime in the next month explaining the change, Spotify said Thursday. That email will say that the price is increasing so the company can "keep delivering a great experience"
Spotify last bumped the Premium price for U.S. users in June to $11.99 per month. In July 2023, the price was raised to $10.99 per month.
The music streaming platform reported strong third-quarter earnings in November, but fourth-quarter revenue and total premium subscription guidance were short of analyst expectations.