Spotify Results Presentation Deck

Monthly Active Users (MAUS) Total MAUS grew 27% Y/Y to 551 million, up from 515 million last quarter and above our guidance by 21 million. Quarterly performance versus our guidance was impacted by: ● ● Spotify Record high net additions with outperformance across all regions led by Rest of World and Latin America Continued improvements in Ad-Supported retention and performance marketing efficiencies Strong growth amongst Gen Z listeners Shifts in competitor dynamics in select developing markets 15% 21% 28% 36% Q2'19 18% Rest of World 22% 26% 34% Q2'20 20% 22% 24% 34% Q2'21 Latin America 24% 22% 22% 32% Q2'22 North America 30% 21% 20% 29% Q2'23 Europe 14

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