Fund Update: Spotify

Investors in the Elevation Capital Global Shares Fund have owned a share of Spotify since November 2018. Due to a combination of recent acquisitions, namely exclusive rights to Joe Rogan’s podcasts, and a global pandemic that has further accelerated consumers trend toward streaming, Spotify to date has returned +118.29% from the Fund’s cost basis.

We published our initial research report on Spotify on 9 April 2020 that pointed to podcast acquisitions as a key path to long-term profitability for Spotify. For a more detailed analysis of Spotify, read our updated report here.