Spotify Results Presentation Deck

Trending Charts Gross Profit By Segment, Gross Margin By Segment & Free Cash Flow €4,000 €3,000 €2,000 €1,000 €0 Ad-Supported Gross Profit, LTM* (EM) Spotify Premium Gross Profit, LTM* (EM) 40.0% 30.0% 20.0% 10.0% 0.0% -10.0% I Q3'20 Q4'20 Q1'21 Q2¹21 LZ.SO Q4'21 Q1'22 Q2'22 Ad-Supported Gross Margin, LTM* Q3'22 Premium Gross Margin, LTM^ Q4'22 Q1'23 Q2'23 Total Gross Margin, LTM* * Last Twelve Months (LTM) represents annual performance covering the preceding 12 months relative to the last day of the quarter. €300 €200 €100 €0 ■ Q3'21 Free Cash Flow, LTM* (EM) Q4'22 Q1'23 Q2'23 25

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