Spotify spent another ~$200mil buying another podcast business So far they’ve spent ~$600mil acquiring 4 podcast businesses.
Impressive they have more users globally on their music streaming business than Apple
Throwback to an article I wrote about them last year https://evarvest.com/thelibrary/will-podcasts-change-spotifys-stock-price
Do you think their stock is undervalued? 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.