Spotify Results Presentation Deck

Outlook for Q1'23 The following forward-looking statements reflect Spotify's expectations for Q1 2023 as of January 31, 2023 and are subject to substantial uncertainty. Total MAUS Total Premium Subscribers Total Revenue Gross Margin Operating (Loss)/Income Spotify 500 million 207 million €3.1 billion 24.9% €(194) million Implies the addition of approximately 11 million net new MAUS in the quarter Implies the addition of approximately 2 million net new subscribers in the quarter Assumes approximately 100 bps tailwind to growth Y/Y due to favorability in foreign exchange rates Reflects Y/Y improvement in music and podcasting offset by a modest drag in Other Cost of Revenue and severance-related charges Inclusive of the Operating Loss is an approximate €19 million impact to Operating Expenses due to Y/Y unfavorability in foreign exchange rates and a €35-45 million impact to Operating Expenses due to severance-related charges 22

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