Spotify Results Presentation Deck

Reconciliation of IFRS to non-IFRS results Operating expenses on a constant currency basis (Unaudited) (in € millions, except percentages) IFRS Operating expenses Foreign exchange effect on 2022 operating expenses using 2021 rates Operating expenses excluding foreign exchange effect IFRS Operating expenses year over year change % Operating expenses excluding foreign exchange effect year-over-year change % IFRS Research and development expenses Foreign exchange effect on 2022 expenses using 2021 rates Research and development expenses excluding foreign exchange effect IFRS Research and development expenses year over year change % Research and development expenses excluding foreign exchange effect year-over-year change % IFRS Sales and marketing expenses Foreign exchange effect on 2022 expenses using 2021 rates Sales and marketing expenses excluding foreign exchange effect IFRS Sales and marketing expenses year over year change % Sales and marketing expenses excluding foreign exchange effect year-over-year change % IFRS General and administrative expenses Foreign exchange effect on 2022 expenses using 2021 rates General and administrative expenses excluding foreign exchange effect IFRS General and administrative expenses year over year change % General and administrative expenses excluding foreign exchange effect year-over-year change % Three months ended June 30, 2022 898 63 835 38% 28 % Three months ended June 30, 2022 32 % 25 % 336 18 318 June 30, 2022 Three months ended 391 29 362 40 % 30 % June 30, 2021 June 30, 2022 June 30, 2021 171 16 155 46 % 32 % Three months ended June 30, 2021 June 30, 2021 651 255 279 117 33

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