Prices across other subscriptions will remain the same. Existing subscribers have a one month grace period and will see the price change on their next billing cycle after November 1st.” “To continue offering a unique service, we increased the price of Spotify Premium Family for new users in Australia from $17.99 to $18.99 on October 1st. “Our pricing varies across regions, reflecting local macroeconomic factors, as well as our commitment to bringing both the best audio content and the highest value to our subscribers with much more to come in the future. The notification that is going out to Premium Family subscribers across Australia. “Spotify, the world’s most popular audio streaming subscription service, continues to innovate and invest in providing our users the best experience with plans tailored to the different needs of students, individuals, families and couples, letting users access all the content that you love both together and as individuals,” a spokesperson for Spotify told. Spotify booked a profit in Australia of $9,1 and it paid income tax of $588,916 to the Australian Taxation Office for the year.Catch all of your favourite shows on Channel 7 or stream free on 7plus > The only revenue the streaming service reported in Australia for 2020 was $24.8 million in advertising from Spotify’s free service, up from $21.3 million the previous year for both advertising and premium subscribers. If the paid subscriber numbers in Australia reflected Spotify’s global split of 44 per cent there would be 3.3 million paid subscribers in Australia, generating revenue of around $395 million.

Its premium service costs subscribers $11.99 a month for an individual and $18.99 a month for a family in Australia. Spotify would not disclose the number of subscribers it has in Australia but research released by Telsyte on Monday estimated 10.5 million Australians were using streaming music services at the end of 2020 and put Spotify as the largest streaming music service in Australia with 7.7 million users. The company has grown to 356 million users globally with 158 million subscribers or 44 per cent of users worldwide premium users.

Spotify premium cost australia