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After announcing that it's raising prices in regions including South Asia, Europe and Latin America, Spotify's price increases are reportedly about to hit the US.
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The US will be included in Spotify's latest price hike on its Premium services starting in early 2026, according to the Financial Times, which cited three sources familiar with the streaming music company's dealings. Currently, the least expensive Premium plans in the US start at $12, but the price increase would likely put it in line with the other regions where the cost for a Premium plan is about $14 a month.
Spotify also offers a Premium Family plan that covers six people in the same household for $20 and plans for students ($6 a month, bundled with Hulu) and couples ($17 a month). Spotify also offers a Basic plan that doesn't include access to audiobooks for $11 a month.
A representative for Spotify did not immediately respond to a request for comment.
A steady increase
If the report is accurate, this would be the third price increase on Premium in the US since 2023. Before those hikes, Premium plans were $10, but Spotify raised its minimum price by $1 in 2023, then again in 2024.
Just this week, Spotify added the ability to seamlessly import playlists from other music services including Apple Music and Tidal.
Spotify has been dealing with some controversies this year including some music acts abandoning the platform and some customers canceling subscription over advertising for Homeland Security's ICE program.
CNET has a guide for canceling your Spotify subscription.
The company is the market leader among music streaming apps with about 32 percent market share as of the end of 2024.
