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Another price increase could be coming to Spotify.
Spotify (SPOT -4.21%) stock popped on Wednesday after Bloomberg reported that more price increases could be coming to Spotify. This would increase revenue, and this could be a new product line extension with audiobooks playing a major role in the changes.
In this video, Travis Hoium covers the latest at Spotify.
*Stock prices used were end-of-day prices of April 3, 2024. The video was published on April 3, 2024.
Travis Hoium has positions in Spotify Technology. The Motley Fool has positions in and recommends Netflix 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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