Spotify Increases Premium Prices Globally Amidst Disappointing Earnings

Spotify is raising Premium subscription prices in multiple regions outside the U.S. just days after disappointing earnings results. Affected customers across Europe, Asia, and Latin America will be notified of the changes via email over the next month. Specific countries impacted are not yet disclosed, but recent increases were identified in Spain, Italy, and Portugal. Despite growth in paid subscribers, Spotify's stock plunged 11.5% following a profit forecast below expectations.