Spotify Results Presentation Deck

Financial Summary USER, FINANCIAL & LIQUIDITY SUMMARY USERS (M) Total Monthly Active Users ("MAUS") Premium Subscribers Ad-Supported MAUS FINANCIALS (€M) Premium Ad-Supported Total Revenue Gross Profit Gross Margin Total Operating Expenses Operating (Loss)/Income Operating Margin FREE CASH FLOW & LIQUIDITY (EM, unless otherwise denoted) Net Cash Flows From Operating Activities Free Cash Flow* Cash & Cash Equivalents, Restricted Cash & Short Term Investments (€B) Spotify Q3 2022 456 195 273 2,651 385 3,036 750 24.7% 978 (228) (7.5%) 40 35 3.7 Q4 2022 489 205 295 2,717 449 3,166 801 25.3% Q1 2023 (70) (73) 3.4 515 210 317 2,713 329 3,042 766 25.2% 922 Q2 2023 59 57 3.5 551 220 343 1,032 (231) (156) (247) (7.3%) (5.1%) (7.8%) 2,773 404 3,177 766 24.1% 1,013 13 9 3.5 Q3 2023 574 26% 16% 226 361 32% 2,910 447 3,357 885 26.4% 853 32 1.0% Y/Y 211 216 3.8 10% 16% 11% 18% -- -13% 11 Y/Y FXN* 16% 24% 17% 24% -- -8% * Free Cash Flow and Constant Currency adjusted measures (FXN) are non-IFRS measures. See "Use of Non-IFRS Measures" and "Reconciliation of IFRS to Non-IFRS Results" for additional information. -- 7

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