Spotify is increasing its prices again, less than a year after it last hiked prices for most of its subscription plans.
Spotify has been trying to boost its margins in recent months by lowering marketing spending and through layoffs, after relying on promotions and hefty investments to drive user growth.
Investing.com -- Shares in Spotify (NYSE:SPOT) jumped in premarket U.S. trading on Monday after the music-streaming service announced that it had raised the prices of its premium offering in the U.S.