Spotify recently announced record profits, increased revenue, and a rise in subscriber numbers, coinciding with the introduction of a new pricing structure. The higher pricing will immediately affect new subscribers and will be implemented for existing users in July. According to Spotify, the purpose of these higher fees is to facilitate ongoing investment in new features and improvements.

The company plans to communicate the specific impact on users in the next few weeks, and has also released a news post outlining the changes. Spotify is a platform for music, podcasts, and audiobooks. The company periodically updates its prices to ensure the continued investment and innovation in product features, offering users the best possible experience.

Subscribers in the US should expect to receive an email explaining the implications of these updates over the next month.