Music lovers, it is time to check your subscription settings. Spotify has officially announced another round of price hikes for its Premium users in the United States, marking the third time the streaming giant has raised rates in the last few years. If you are a subscriber, you can expect to see these changes reflected on your billing statement starting in February.
The company stated that these occasional updates are necessary to reflect the “value that Spotify delivers” and to help the platform continue innovating while benefiting the artists on the service. This news comes just as Spotify undergoes a major leadership change, with co-founders Alex Norström and Gustav Söderström taking over as co-CEOs following Daniel Ek’s transition to executive chairman earlier this month.
Here is the breakdown of the new monthly pricing for U.S. subscribers:
| Plan Type | Old Price | New Price |
| Individual | $11.99 | $12.99 |
| Duo (2 accounts) | $16.99 | $18.99 |
| Family (Up to 6 accounts) | $19.99 | $21.99 |
| Student | $5.99 | $6.99 |
For those on the Duo and Family plans, the $2 increase is a bit steeper than the $1 bump for Individual and Student users. Existing subscribers should keep an eye on their inbox, as Spotify is currently sending out emails to notify users of their specific billing date changes.
With this latest increase, Spotify is now officially more expensive than several of its main competitors. Both Apple Music and YouTube Music currently sit at $10.99 for their individual monthly plans. While Spotify has recently added features like AI-powered playlists, music videos, and a monthly allocation of audiobook hours to justify the cost, many fans are wondering if the “value” is starting to get a bit too pricey.
If you are looking to save a few dollars, now might be the time to evaluate if you are on the right plan or if a competitor’s bundle makes more sense for your household.