"Spotify Announces Second Price Hike in 9 Months, Targets Audiobook Listeners"

Spotify plans to raise prices for its Premium subscriptions in the U.S., U.K., Australia, Pakistan, and two other markets by about $1-$2 per month, with the increase expected to roll out by the end of the month. The company is also reportedly working on new subscription tiers, including one for music and podcasts priced at $11 without audiobook access, as it seeks to fund its audiobook offerings. CEO Daniel Ek noted the positive performance of the audiobook business and its potential during the company's fourth-quarter earnings report.