Spotify (SPOT.N) - Fundamental Investment Case

Spotify Technology is the world's largest and most popular music streaming service. It operates across every populated continent, with 217mn total MAUs (monthly average users) divided between 100mn Premium subscribers and 117mn Ad-supported users. 

Please download the full report for details on the Bear Case outlined below. The price of the report includes a one hour call with the analyst 

Bottom Line: A growth stock facing pressure to continue its brisk pace despite competition across both developing and developed markets and high penetration of its service offering worldwide.