Spotify Technology S.A.
Thesis
Spotify is a strong platform with a well-known brand that continues to invest in improving its services. With a large base of 600 million subscribers, there is significant potential to convert the 400 million free users to paid subscriptions. Additionally, Spotify's ability to raise prices without losing customers enhances its profitability.
Did it work?
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. While the thesis highlights Spotify's strong brand and potential for converting free users to paid subscriptions, we cannot determine if these factors have led to a positive return or if any significant developments have occurred. Therefore, the outcome remains uncertain.
Raw excerpt
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