SPOTIFY Q3 2025 Key Investor Summary (Form 6-K)

Financial Highlights (9 Months Ended Sept 30, 2025):

• Revenue Growth: Total Revenue reached €12.7B, up 11% YoY.
• Profitability: Net Income was €1.04B (vs. €771M in 2024).
• Gross Margin Improvement: Consolidated gross margin rose to 32% (from 29% in 2024).
• Cash Flow: Free Cash Flow surged to €2.04B (up from €1.41B).

User Metrics (As of Sept 30, 2025):

• MAUs: Grew 11% to 713 Million.
• Premium Subscribers: Grew 12% to 281 Million.
• *Note: 3-Month Premium ARPU decline