The Price of a Spotify Subscription Might Be Going Up Soon

After subtly hinting that it has been looking at raising prices, Spotify (NYSE: SPOT) made it clear this week that price increases may play a pivotal role in growing the business going forward. The paid music-streaming leader reported third-quarter earnings yesterday that missed analyst estimates, but user growth remained strong. Spotify now has 144 million premium subscribers and 320 million monthly active users (MAUs).

Here's what the company said about the possibility of future price bumps.

Image source: Spotify.

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Source Fool.com