Spotify Results Presentation Deck

Financial Summary USER, FINANCIAL & LIQUIDITY SUMMARY USERS (M) Total Monthly Active Users ("MAUS") Premium Subscribers Ad-Supported MAUS FINANCIALS (€M) Premium Ad-Supported Total Revenue Gross Profit Gross Margin Operating (Loss)/Income Operating Margin FREE CASH FLOW & LIQUIDITY (EM, unless otherwise denoted) Net Cash Flows From Operating Activities Free Cash Flow¹ Cash & Cash Equivalents, Restricted Cash & Short Term Investments (EB) Spotify Q4 2021 406 180 236 2,295 394 2,689 712 26.5% (7) (0.3%) 119 103 3.6 Q1 2022 422 182 252 2,379 282 2,661 671 25.2% (6) (0.2%) 37 22 3.6 Q2 2022 ¹ Free Cash Flow is a non-IFRS measure. See "Use of Non-IFRS Measures" and "Reconciliation of IFRS to Non-IFRS Results" for additional information. 433 188 256 2,504 360 2,864 704 24.6% (194) (6.8%) 39 37 3.6 Q3 2022 456 195 273 2,651 385 3,036 750 24.7% (228) (7.5%) 40 35 3.7 Q4 2022 489 205 295 2,717 449 3,166 801 25.3% (231) (7.3%) (70) (73) 3.4 Y/Y 20% 14% 25% 18% 14% 18% 13% -- -- -- 7

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