2025 Q2 Shareholder Deck

Spotify
arc beats above · slides in the middle · loops below · scroll → 4 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 2
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Deck intelligence map

1
coverage by narrative range · generated from this deck JSON

Slide inventory

37
every slide · same image gating as the playbook
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Slide 1
front_matter
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front_matter
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The slide includes a detailed table comparing Q2 2024, Q1 2025, and Q2 2025 performance with Y/Y and Q/Q growth rates.summarize
Open slide detailLoop · So What Cascade
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The slide uses a three-column layout to categorize highlights into user growth, financial results, and product/partnership expansion.summarize
Open slide detailLoop · So What Cascade
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The slide uses a simple table format to contrast performance against expectations, categorized by Users and Financials.summarize
Open slide detailLoop · So What Cascade
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transition
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The table includes user metrics, financial performance, and liquidity data with year-over-year growth percentages.summarize
Open slide detailLoop · Zoom In
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The slide uses a structured list format to break down financial performance metrics.summarize
Open slide detailLoop · Zoom In
09
The slide uses dual-axis charts to show LTM revenue and ARPU/percentage metrics over time.analyze_data
Open slide detailLoop · Zoom In
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summarize
Open slide detailLoop · Zoom In
11
Includes a waterfall chart to decompose the 8% Y/Y increase in operating expenses.analyze_data
Open slide detailLoop · Zoom In
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Includes LTM and cumulative FCF charts.quantify_impact
Open slide detailLoop · Zoom In
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summarize
Open slide detailLoop · Zoom In
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transition
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The chart shows a stacked bar chart of MAU regional distribution from Q2'21 to Q2'25.summarize
Open slide detailLoop · Zoom In
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The chart displays percentage shares of total subscribers by region over time.quantify_impact
Open slide detailLoop · Zoom In
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transition
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The slide uses a three-column layout to highlight specific product features.summarize
Open slide detailLoop · Pattern Hunter
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summarize
Open slide detailLoop · Pattern Hunter
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illustrate_case
Open slide detailLoop · Pattern Hunter
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transition
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The slide includes specific assumptions regarding foreign exchange, regulatory charges, and social charges.summarize
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This is a standard legal disclaimer slide for a Spotify earnings presentation.other
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transition
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The slide uses three distinct chart types to visualize user growth and revenue trends.analyze_data
26
LTM (Last Twelve Months) data presented for Q3'22 through Q2'25.analyze_data
27
Values are in € millions, except share and per share data.summarize
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Values are in € millions. Unaudited.analyze_data
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The table is presented in millions of Euros and is unaudited.analyze_data
30
The table shows the reconciliation of net income to basic and diluted EPS, including adjustments for stock options, restricted stock units, and other contingentanalyze_data
31
The slide presents two distinct tables: Revenue on a constant currency basis and Gross profit on a constant currency basis.analyze_data
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The slide presents constant currency adjustments for four expense categories.analyze_data
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The table reconciles IFRS operating income to a constant currency basis.analyze_data
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The slide contains three distinct financial data tables showing the calculation of Free Cash Flow by subtracting capital expenditures and adjusting for changes analyze_data
36
quantify_impact
37
front_matter