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 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 % IFRS Research and development expenses Foreign exchange effect on 2023 expenses using 2022 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 2023 expenses using 2022 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 2023 expenses using 2022 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 September 30, 2023 September 30, 2022 978 853 (49) 902 (13)% (8)% Three months ended September 30, 2023 September 30, 2022 369 386 (19) 388 (4)% 1% Three months ended September 30, 2023 September 30, 2022 355 432 (19) 374 (18)% (13)% Three months ended September 30, 2023 September 30, 2022 129 160 (11) 140 (19)% (13)% 32

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