Spotify - Reimagining Music

Elevation Capital Global Shares Fund investors own a share of Spotify Technology S.A. [SPOT], a global audio streaming service that has revolutionised the way music is accessed.

Spotify is the largest audio streaming platform in the world and is experiencing year on year growth in users and revenue attributable to their unique service that utilises machine learning to personally curate playlists for each user. The music industry is growing both in terms of revenue and size, as emerging markets like China and Brazil are experiencing increases in demand. Spotify is helping to drive this growth, and are well positioned to benefit from the economic tailwinds in the music and streaming audio industry. The company recently announced a stock buyback, indicating a belief within management that the company is/was trading below its intrinsic value.

Learn more about why we believe Spotify represents a compelling long-term investment opportunity by reading our summary report here.