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Finally, Spotify is raising the prices it charges customers.
Spotify's (SPOT 0.20%) prices haven't changed for years, but this week, management said there would be a small increase coming later this year. In this video, Travis Hoium quantifies how much of that increase will make its way to Spotify's bottom line.
*Stock prices used were end-of-day prices of July 24, 2023. The video was published on July 26, 2023.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, Apple, and Spotify Technology. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, and Spotify Technology. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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