Spotify Results Presentation Deck

Reconciliation of IFRS to non-IFRS results Revenue on a constant currency basis (Unaudited) (in € millions, except percentages) IFRS revenue Foreign exchange effect on 2023 revenue using 2022 rates Revenue excluding foreign exchange effect IFRS revenue year-over-year change % Revenue excluding foreign exchange effect year-over-year change % IFRS Premium revenue Foreign exchange effect on 2023 Premium revenue using 2022 rates Premium revenue excluding foreign exchange effect IFRS Premium revenue year-over-year change % Premium revenue excluding foreign exchange effect year-over-year change % IFRS Ad-Supported revenue Foreign exchange effect on 2023 Ad-Supported revenue using 2022 rates Ad-Supported revenue excluding foreign exchange effect IFRS Ad-Supported revenue year-over-year change % Ad-Supported revenue excluding foreign exchange effect year-over-year change % Operating expenses on a constant currency basis (Unaudited) (in € millions, except percentages) IFRS Operating expenses Foreign exchange effect on 2023 operating expenses using 2022 rates Operating expenses excluding foreign exchange effect IFRS Operating expenses year over year change % Operating expenses excluding foreign exchange effect year-over-year change % Three months ended June 30, 2022 June 30, 2023 3,177 (94) 3,271 11% 14% 2,773 (84) 2,857 11% 14% 404 (10) 414 12% 15% Three months ended June 30, 2023 1,013 (27) 1,040 13 % 16% 2,864 2,504 June 30, 2022 360 898 30

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