Spotify acquires another podcast business

Spotify spent another ~$200mil buying another podcast business :moneybag: :headphones: So far they’ve spent ~$600mil acquiring 4 podcast businesses.

Impressive they have more users globally on their music streaming business than Apple :apple:

Throwback to an article I wrote about them last year :memo:

Do you think their stock is undervalued? :thinking: Their user numbers and growth are strong, their revenues/profits are growing, and their recent acquisitions could yield them a return as they follow the growth in podcasting popularity globally, especially among younger audiences. :money_with_wings:

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I’d back Spotify to go further, I think it’s clear they’re winning the music streaming war against apple music and I don’t think Youtube or Amazon have really made much of a dent in this market yet.

This is coming from a loyal Spotify user though :wink: So I might be a little biased on this topic :face_with_hand_over_mouth:

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