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 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Ad-Supported Gross Margin, LTM* Q4'22 Premium Gross Margin, LTM^ Q1'23 Q2'23 Q3'23 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 Q4'20 Q1'21 Q2'21 ■ Q3'21 Q4'21 Free Cash Flow, LTM* (EM) 26

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