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  "documentTitle": "2024 Q4 Shareholder Deck",
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  "authorName": "Spotify",
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  "notes": "Slide shows two combo charts: Premium Revenue/ARPU and Ad-Supported Revenue/Ad-Supported % of Total Revenue.",
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      "text": "Premium Revenue grew 17% Y/Y to €3,705 million (or 19% Y/Y constant currency*), reflecting subscriber growth of 11% Y/Y and a Premium ARPU increase of 5% Y/Y to €4.85.",
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      "text": "* Constant Currency adjusted measures are non-IFRS measures. See \"Use of Non-IFRS Measures\" and \"Reconciliation of IFRS to Non-IFRS Results\" for additional information. ARPU means Premium Average Revenue per User. Last Twelve Months (LTM) represents annual performance covering the preceding 12 months relative to the last day of the quarter.",
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      "text": "Advertising growth in challenging brand environment: Ad-Supported Revenue grew 7% Y/Y, reflecting Y/Y growth across all regions driven by growth in impressions sold.",
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      "text": "Premium growth driven by Subscriber and ARPU gains: Premium Revenue grew 17% Y/Y to €3,705 million, reflecting subscriber growth of 11% Y/Y and a Premium ARPU increase of 5% Y/Y to €4.85.",
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