Spotify Results Presentation Deck

Outlook for Q3'22 The following forward-looking statements reflect Spotify's expectations for Q3 2022 as of July 27, 2022 and are subject to substantial uncertainty. Total MAUS Total Premium Subscribers Total Revenue Gross Margin Operating (Loss)/Income Spotify 450 million 194 million €3.0 billion 25.2% €(218) million Implies the addition of approximately 17 million net new MAUS in the quarter Implies the addition of approximately 6 million net new subscribers in the quarter Assumes approximately 670 bps tailwind to growth Y/Y due to favorability in foreign exchange rates Reflects the continuing benefit from Marketplace and favorable revenue mix shift to podcasts, offset by investments in non-music content and product enhancement initiatives Inclusive of the Operating Loss is approximately a €78 million impact to Operating Expenses due to Y/Y unfavorability in foreign exchange rates 21

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