i.wish for a drop in SPOT to accumulate its common shares

Spotify continues to execute on initiatives that put the company on a positive revenue, gross margin, operating income and FCF trajectory. The company clearly is at an inflection point, which has been driving share price performance over the past year and a half. We are confident in the sustainability of this momentum highlighted by recent price increases that should partially flow through to gross margin. Spotify has raised prices twice in less than a year in the US (and a few other global markets, including the UK and Australia), indicating confidence in the company’s ability to grow subscribers and mitigate churn on the platform. In addition to price increases, SPOT has monetization and margin expansion opportunities from introducing pricing tiers (e.g., music-only, “Supremium”) and features as the company scales new businesses like audiobooks.