Spotify Technology SA shares rose after the company announced it’s raising premium subscription prices across many markets outside the US. The Swedish music streaming company is updating prices across South Asia,

Spotify said on Monday it would increase the monthly price of its premium individual subscription in select markets from September, as the Swedish streaming giant looks to improve margins.

Spotify is increasing prices in several regions outside of the US, just days after posting disappointing earnings. Spotify announced on Monday that Premium subscribers across Europe, South Asia, the Middle East,