Spotify (SPOT) co-CEO says churn is low and has been in line with expectations after the Co. announced price increases in January

Spotify (SPOT) co-CEO says churn is low and has been in line with expectations after the Co. announced price increases in January.

Spotify's co-CEO noting that churn rates are low and aligned with expectations following recent price increases is a reassuring sign for investors. This indicates that the company's pricing strategy is effective and may bode well for future revenue growth, suggesting that the broader outlook remains positive despite potential concerns over customer retention post-price hike.