Spotify Results Presentation Deck

Key Highlights All time high MAU growth and strongest Q2 to date for Subscriber net additions ● Spotify MAUS grew 27% Y/Y to 551 million, 21 million above guidance. Net additions of 36 million represented our largest quarterly net addition performance in our history All regions outperformed and saw higher MAU net additions relative to the prior year period, aided by improved retention and marketing efficiencies Premium Subscribers grew 17% Y/Y to 220 million, 3 million above guidance Accelerating constant currency* Revenue growth and Adjusted Gross Margin* expansion Total Revenue grew 11% Y/Y to €3.2 billion On a constant currency* basis, Total Revenue grew 14% Y/Y vs. 13% in Q1'23 Adjusted Gross Margin* finished at 25.5% (up 22 bps Y/Y) excluding one-time charges related to efficiency measures Unveiled new personalized experiences for users and tools for advertisers Expanded Al DJ to Premium users in the United Kingdom and Ireland Rolled out a redesigned desktop experience and added an additional 11 new languages for users around the world Announced a new Original podcast with Trevor Noah coming to Spotify later this year Launched Spotify Ad Analytics, a free tool designed to provide advertisers with audio advertising measurement services * Constant Currency adjusted measures and Adjusted Gross Margin are non-IFRS measures. See "Use of Non-IFRS Measures" and "Reconciliation of IFRS to Non-IFRS Results" for additional information. 4

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