Spotify's New Perspective on Margin Growth

My concern, clearly not knowing as much about the company as you is that in the industry, a lot of tilt is going toward live performance right now. So where's the big top line growth opportunity for Spotify now? It's absolutely pricing. And so we do think that Spotify has a lot of pricing power, a very loyal user base, very much churn. We think those two things have been taken together, give Spotify a new outlook on its margins.