Spotify is prepping a price hike. Is it time to cancel?
according to a recent report
Despite the gain in both subscribers and total active monthly users – Spotify’s largest to date for the period – the company also reported an operating loss for the quarter, an announcement that triggered a sharp subsequent drop in its stock value. The anticipated increase is apparently aimed only at the US market, which has seen stable $9.99 per month pricing for Spotify Premium since the service’s early days.
A $19.99 per month high-res Spotify tier would put it on the same pricing level with Tidal. But Apple Music and Amazon Music Unlimited currently offer lossless and high-res streaming as part of their base streaming subscription, which costs around half the amount in both instances as the new Spotify tier will. And while extra features such as limited-ad podcasts will apparently accompany the Spotify Platinum plan, there have been no reports of Spatial Audio coming to the platform.
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