Spotify Results Presentation Deck

Key Highlights Accelerating user growth and consistent subscriber performance MAUS grew 19% Y/Y to 433 million, 5 million above guidance. Net additions of 19 million¹ represented our largest ever Q2 growth MAU strength was led by successful marketing campaigns in Rest of World, reactivations in Europe and Gen Z strength in Latin America Premium Subscribers grew 14% Y/Y to 188 million2, above our guidance, aided by promotional intake and household plans Spotify 23% Y/Y Revenue growth, led by Advertising Total Revenue grew 23% Y/Y to €2.9 billion Premium Revenue grew 22% Y/Y to €2.5 billion Ad-Supported Revenue grew 31% Y/Y to €360 million, reaching an all-time high as a percent of Total Revenue at 13% for Q2 Gross Margin finished at 25.3%³ excluding Car Thing charge and accrual benefits (or 24.6% on an as reported basis) Optimizing capital allocation for long-term value creation Accelerating expansion into audiobooks with the closing of the Findaway acquisition on June 15th and pioneering the creation of new user experiences with the announced acquisition of Sonantic Announced intention to reduce hiring growth for the back half of 2022 by 25% and monitoring macroeconomic conditions 1 Excludes the effects of our exit from Russia and the brief service outage benefit we experienced in March. 2 Inclusive of approximately 600k disconnects arising from the closure of our Russian operations. ³ 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. 4

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