Investors were bullish on the streamer's newly announced price increases after previous hikes delivered improved revenue and margins without turning away subscribers.
Premium subscribers will pay between $1 and $3 dollars more per month, beginning in July.
The popular streaming service bowed to widespread pressure to issue the price increase in roughly 50 markets across North and South America, Europe and Asia.
Spotify has cost $9.99 per month for individual subscribers since it launched in the U.S. a dozen years ago. That could soon change.
