Spotify Results Presentation Deck

Calculation of basic and diluted (loss)/earnings per share (Unaudited) (in € millions, except share and per share data) Basic (loss)/earnings per share Net (loss)/income attributable to owners of the parent Share used in computation: Weighted-average ordinary shares outstanding Basic (loss)/earnings per share attributable to owners of the parent Diluted (loss)/earnings per share Net (loss)/income attributable to owners of the parent Fair value gains on dilutive warrants Fair value gains on dilutive Exchangeable Notes Net (loss)/income used in the computation of diluted (loss)/earnings per share Shares used in computation: Weighted-average ordinary shares outstanding Warrants Exchangeable Notes Stock options Restricted stock units Other contingently issuable shares Diluted weighted-average ordinary shares Diluted (loss)/earnings per share attributable to owners of the parent June 30, 2022 (125) 192,948,032 (0.65) (125) (41) (166) 192,948,032 2,911,500 195,859,532 (0.85) Three months ended March 31, 2022 131 192,476,022 0.68 131 (90) 41 192,476,022 2,911,500 1,055,820 562,670 71,244 197,077,256 0.21 June 30, 2021 (20) 191,172,946 (0.10) (20) (17) (37) 191,172,946 2,911,500 194,084,446 (0.19) Six months ended June 30, 2022 6 192,713,331 0.03 6 (131) (125) 192,713,331 2,911,500 195,624,831 (0.64) June 30, 2021 3 190,870,850 0.02 3 (21) (66) (84) 190,870,850 260,760 1,919,670 193,051,280 (0.44) 29

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