Spotify Results Presentation Deck

Reconciliation of IFRS to non-IFRS results Operating expenses on a constant currency basis (Unaudited) (in € millions, except percentages) IFRS Operating expenses Foreign exchange effect on 2022 operating expenses using 2021 rates Operating expenses excluding foreign exchange effect IFRS Operating expenses year over year change % Operating expenses excluding foreign exchange effect year-over-year change % IFRS Research and development expenses Foreign exchange effect on 2022 expenses using 2021 rates Research and development expenses excluding foreign exchange effect IFRS Research and development expenses year over year change % Research and development expenses excluding foreign exchange effect year-over-year change % IFRS Sales and marketing expenses Foreign exchange effect on 2022 expenses using 2021 rates Sales and marketing expenses excluding foreign exchange effect IFRS Sales and marketing expenses year over year change % Sales and marketing expenses excluding foreign exchange effect year-over-year change % IFRS General and administrative expenses Foreign exchange effect on 2022 expenses using 2021 rates General and administrative expenses excluding foreign exchange effect IFRS General and administrative expenses year over year change % General and administrative expenses excluding foreign exchange effect year-over-year change % Three months ended December 31, 2021 719 December 31, 2022 1,032 54 978 44% 36 % Three months ended December 31, 2022 415 18 397 64 % 57 % Three months ended December 31, 2022 December 31, 2021 453 340 25 428 33 % 26% December 31, 2021 253 Three months ended December 31, 2022 164 11 153 30 % 21 % December 31, 2021 126 34

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