Spotify Results Presentation Deck

Reconciliation of IFRS to non-IFRS results Revenue on a constant currency basis (Unaudited) (in € millions, except percentages) IFRS revenue Foreign exchange effect on 2022 revenue using 2021 rates Revenue excluding foreign exchange effect IFRS revenue year-over-year change % Revenue excluding foreign exchange effect year-over-year change % IFRS Premium revenue Foreign exchange effect on 2022 Premium revenue using 2021 rates Premium revenue excluding foreign exchange effect IFRS Premium revenue year-over-year change % Premium revenue excluding foreign exchange effect year-over-year change % IFRS Ad-Supported revenue Foreign exchange effect on 2022 Ad-Supported revenue using 2021 rates Ad-Supported revenue excluding foreign exchange effect IFRS Ad-Supported revenue year-over-year change % Ad-Supported revenue excluding foreign exchange effect year-over-year change % Three months ended December 31, 2021 2,689 December 31, 2022 3,166 162 3,004 18% 12% 2,717 123 2,594 18% 13% 449 39 410 14% 4% 2,295 394 Twelve months ended December 31, 2021 9,668 December 31, 2022 11,727 682 11,045 21% 14% 10,251 536 9,715 21% 15% 1,476 146 1,330 22% 10% 8,460 1,208 32

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