BUZZ-Spotify rises as report says firm to raise subscription prices outside US

Reuters
04-26
BUZZ-Spotify rises as report says firm to raise subscription prices outside US

** Swedish audio streaming giant Spotify Technology's SPOT.N shares rise 1.8% to $618.02

** Spotify will raise its subscription prices in dozens of countries around the world this summer, the Financial Times reported citing people familiar with the matter

** Co was planning to raise prices by the equivalent of 1 euro ($1.14) on individual subscriptions in countries across Europe and Latin America as early as June - report

** Spotify did not immediately respond to a Reuters request for comment

** Up to last close, stock up ~35% this year

($1 = 0.8794 euros)

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

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