Spotify Results Presentation Deck

Calculation of basic and diluted loss per share (Unaudited) (in € millions, except share and per share data) Basic loss per share Net loss attributable to owners of the parent Shares used in computation: Weighted-average ordinary shares outstanding Basic loss per share attributable to owners of the parent Diluted loss per share Net loss attributable to owners of the parent Fair value gains on dilutive warrants Fair value gains on dilutive Exchangeable Notes Net loss used in the computation of diluted loss per share Shares used in computation: Weighted-average ordinary shares outstanding Warrants Exchangeable Notes Diluted weighted-average ordinary shares Diluted loss per share attributable to owners of the parent December 31, 2022 (270) 193,228,229 (1.40) (270) (270) 193,228,229 193,228,229 (1.40) Three months ended September 30, 2022 (166) 193,077,334 (0.86) (166) - (28) (194) 193,077,334 2,911,500 195,988,834 (0.99) December 31, 2021 (39) 191,952,473 (0.20) (39) (41) 191,952,473 192,181 192,144,654 (0.21) Twelve months ended December 31, 2022 December 31, 2021 (430) 192,934,862 (2.23) (430) (144) (574) 192,934,862 2,911,500 195,846,362 (2.93) (34) 191,298,397 (0.18) (34) (53) (112) (199) 191,298,397 220,137 2,424,921 193,943,455 (1.03) 31

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