Spotify Results Presentation Deck

Outlook for Q4'23 The following forward-looking statements reflect Spotify's expectations for Q4 2023 as of October 24, 2023 and are subject to substantial uncertainty. Total MAUS Total Premium Subscribers Total Revenue Gross Margin Operating Income Spotify 601 million 235 million €3.7 billion 26.6% €37 million Implies the addition of approximately 27 million net new MAUS in the quarter Implies the addition of approximately 9 million net new subscribers in the quarter Assumes approximately 300 bps headwind to growth Y/Y due to foreign exchange rate movements Primarily driven by Y/Y improvement in podcasting, music and Other Cost of Revenue Social Charges are based on a Q3 close share price of $154.64 22

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