Aug 24 (Reuters) - Spotify will raise prices as it invests in new features and targets 1 billion users, the Financial Times reported on Sunday citing the music streaming provider's Co-President and Chief Business Officer Alex Norstrom.
The increases would be accompanied by planned new services and features, the FT cited Norstrom as saying in an interview.
Spotify did not immediately respond to a Reuters request for comment.
Earlier in August, the Swedish firm said it would increase the monthly price of its premium individual subscription in some markets from September, as it looks to improve profit margins.
It said the price will rise to 11.99 euros ($14.05) from 10.99 euros in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region.
"Price increases and price adjustments and so on, that's part of our business toolbox and we'll do it when it makes sense," Norstrom told the newspaper.
Price increases combined with cost-cutting efforts in recent years helped Spotify achieve its first annual profit last year.
($1 = 0.8536 euros)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。