Spotify Results Presentation Deck

Key Highlights Record high MAU growth of 33 million net additions ● Spotify MAUS grew 20% Y/Y to 489 million, 10 million above guidance. Net additions of 33 million represented our largest ever Q4 growth MAU strength led by Rest of World and Europe as a result of successful marketing campaigns and OEM strength Premium Subscribers grew 14% Y/Y to 205 million, 3 million above guidance, aided by promotional intake and household plans 18% Y/Y Revenue growth and 25.3% Gross Margin Total Revenue grew 18% Y/Y to €3.2 billion Premium Revenue grew 18% Y/Y to €2.7 billion Ad-Supported Revenue grew 14% Y/Y to €449 million, led by Podcasting gains Gross Margin finished above guidance at 25.3% primarily as a result of lower than expected spend on new podcast content investments and broad-based music favorability 8th Annual Spotify Wrapped Campaign draws more than 150 million MAU Users engaging with the 8th annual year-end Spotify Wrapped campaign grew 30% Y/Y across 111 markets Rolled out the first iterations of Google's User Choice Billing to Spotify subscribers in select markets Announced the expansion of Audiobooks a la carte availability in United Kingdom, Ireland, Australia and New Zealand 4

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