Spotify Results Presentation Deck

Revenue Resilient Premium growth, led by subscribers Premium Revenue grew 22% Y/Y to €2,651 million, reflecting subscriber growth of 13% Y/Y and Premium ARPU¹ growth of 7% Y/Y to €4.63 (or down 1% constant currency). Excluding the impact of FX, ARPU performance was impacted by market mix. Ad-Supported growth driven by podcasting Ad-Supported revenue grew 19% Y/Y and reached 13% of Total Revenue, reflecting double-digit growth across all regions with the exception of Europe where we saw the impact of challenging regional economic conditions. Our music business grew high single digits Y/Y and was led by high single digit growth in impressions sold. Podcast revenue grew in the strong double-digit range Y/Y across both our Original and Exclusive podcasts and the Spotify Audience Network. Podcast growth was led by the Spotify Audience Network, where sold impressions grew strong double-digits and CPMs increased double-digits. We also saw a substantial increase in the number of participating shows and advertisers in the Spotify Audience Network. Spotify €10,000 €8,000 €6,000 €4,000 €2.000 €1,500 €1,000 €500 €0 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Premium Revenue, LTM* (EM) Premium ARPU €6.00 ¹ Premium Average Revenue per User ("ARPU") * Last Twelve Months (LTM) represents annual performance covering the preceding 12 months relative to the last day of the quarter. €5.00 €4.00 €3.00 T Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q221 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Ad-Supported Revenue, LTM* (EM) - Ad-Supported Revenue As % Of Total Revenue €2.00 15% 13% 10% 8% 5% 9

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