Spotify Results Presentation Deck

Total Gross Margin Adjustments All charges related to efficiency related activities were not included in guidance Spotify 24.1% Reported Q2'23 Gross Margin -0.3% 0.2% Changes in Employee Rights Holder Severance Estimates 0.2% Real Estate Asset Impairment 1.2% Write-off of Content Assets & Contract Termination 25.5% Adj. Q2'23 Gross Margin *Adjusted Gross Margin is a non-IFRS measure. See "Use of Non-IFRS Measures" and "Reconciliation of IFRS to Non-IFRS Results" for additional information. 34

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