Spotify Results Presentation Deck

Reconciliation of IFRS to non-IFRS results Adjusted gross profit (Unaudited) (in € millions, except percentages) IFRS revenue IFRS cost of revenue IFRS gross profit IFRS gross margin Adjustments: Less: changes in prior period estimates for rights holder liabilities Add: Car Thing charge Add: Employee severance and related charges Add: Impairmment charge on real estate assets Add: Write-off of content assets and contract termination and other costs Total adjustments Adjusted gross profit (non-IFRS) Adjusted gross margin (non-IFRS) Adjusted operating loss (Unaudited) (in € millions, except percentages) June 30, 2023 3,177 2,411 766 24.1% 6 (4) 7 810 25.5% Three months ended March 31, 2023 Consolidated 39 (3) 44 IFRS operating loss Adjustments: Less: changes in prior period estimates for rights holder liabilities Add: Car Thing charge Add: Employee severance and related charges Add: Impairmment charge on real estate assets Add: Write-off of assets and contract termination and other costs Total adjustments Adjusted operating loss (non-IFRS) IFRS operating margin Adjusted operating margin (non-IFRS) (2) 3,042 2,276 766 25.2 % 3 (5) 3 769 25.3% June 30, 2022 2,864 2,160 704 24.6% (11) 31 (1) 20 724 25.3 % June 30, 2023 2,773 1,984 789 28.5 % (3) (1) Reflects the charge recorded from discontinuing the production of CarThing (2) Reflects non cash asset impairment charges related to real estate optimization plan (3) Reflects content asset write offs and contract termination and related costs in connection with rationalizing our podcast content portfolio (4) Reflects severance charges incurred primarily in connection with streamlining our podcast operations (5) Reflects severance charges incurred in connection with our workforce reduction plan 1 (2) 787 28.4 % Three months ended March 31, 2023 Premium (2) 2,713 1,937 776 28.6 % |||| 1 1 777 28.6 % (5) June 30, 2022 2,504 1,804 700 28.0% (11) 31 (1) 20 720 28.8 % June 30, 2023 June 30, 2023 (247) (8) 404 427 -23 (5.7)% 135 51 (112) (7.8)% (3.5)% 23 5.7 % 12 (4) 90 (2) 41 (3) Three months ended March 31, 2023 Ad-Supported 6 (4) 6 (2) 39 (3) 46 329 339 -10 (3.0)% N|N|| Three months ended March 31, 2023 (156) (8) (2.4)% 44 2 (5) 44 (5) (112) (5.1)% (3.7)% June 30, 2022 360 356 4 1.1 % 4 1.1 % June 30, 2022 (194) (11) ३ ल । । ।।8 31 (1) 20 (174) (6.8)% (6.1)% 32

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