Spotify profits from more subscribers and price hikes

/ Spotify increased the price of Premium from $9.99 to $10.99 helping boost the company to a rare quarterly profit.

By Jon Porter, a reporter with five years of experience covering consumer tech releases, EU tech policy, online platforms, and mechanical keyboards.

The number of people paying for Spotify Premium rose threepercent to 226 million on a quarterly basis as the streaming service announced price increases across the US and several other global markets. Spotify’s monthly active users (MAUs) also rose to 574 million as of September 30th, a four percent increase from last quarter. Both rises were slightly above Spotify’s forecast.

Comparing performance year over

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