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 Total Operating Expenses Operating (Loss)/Income Operating Margin FREE CASH FLOW & LIQUIDITY (EM, unless otherwise denoted) Net Cash Flows From Operating Activities Free Cash Flow* Cash & Cash Equivalents, Restricted Cash & Short Term Investments (€B) Spotify Q2 2022 Q3 2022 433 188 256 2,504 360 2,864 704 24.6% 898 (194) (6.8%) 39 37 3.6 456 195 273 2,651 385 3,036 750 24.7% 978 Q4 2022 40 35 3.7 489 205 295 2,717 449 3,166 801 25.3% 1,032 (228) (231) (7.5%) (7.3%) (70) (73) 3.4 Q1 2023 515 210 317 2,713 329 3,042 766 25.2% 922 (156) (5.1%) 59 57 3.5 Q2 2023 551 220 343 2,773 404 3,177 24.1% 1,013 766 9% (247) (7.8%) Y/Y 13 9 3.5 27% 17% 34% 11% 12% 11% -- 13% Y/Y FXN* 14% 15% 14% 12% - 16% * Free Cash Flow and Constant Currency adjusted measures (FXN) are non-IFRS measures. See "Use of Non-IFRS Measures" and "Reconciliation of IFRS to Non-IFRS Results" for additional information. -- 7

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