Spotify Results Presentation Deck

Outlook for Q3'23 The following forward-looking statements reflect Spotify's expectations for Q3 2023 as of July 25, 2023 and are subject to substantial uncertainty. Total MAUS Total Premium Subscribers Total Revenue Gross Margin Operating (Loss)/Income Spotify 572 million 224 million €3.3 billion 26.0% €(45) million Implies the addition of approximately 21 million net new MAUS in the quarter Implies the addition of approximately 4 million net new subscribers in the quarter Assumes approximately 600 bps headwind to growth Y/Y due to foreign exchange rate movements; announced price increases are expected to have a minimal impact on Total Revenue in Q3 Primarily driven by Y/Y improvement in podcasting and Other Cost of Revenue Assumes approximately 600 bps benefit to Operating Expense growth Y/Y due to foreign exchange movements 21

View entire presentation