Spotify Results Presentation Deck
Free Cash Flow
The 9th quarter in a row of positive FCF
Free Cash Flow was €37 million in Q2, a slight increase
Y/Y as lower Net Income adjusted for non-cash items
was offset by favorability in net working capital.
This was the 9th quarter in a row of positive Free
Cash Flow. While the magnitude of Free Cash Flow can
fluctuate from quarter to quarter based on seasonality
and timing, we have averaged over €200 million of
positive Free Cash Flow on a trailing 12 month basis
for the past three years.
Spotify
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Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22
* Last Twelve Months (LTM) represents annual performance covering the preceding 12 months relative to the last day of the quarter.
Free Cash Flow, LTM* (€M)
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