{
  "docId": "019dd923-5efe-75c0-8dff-1ae498bd91f0",
  "docSlug": "524c75fd8ce096dd",
  "documentTitle": "2025 Q1 Shareholder Deck",
  "authorId": "Spotify",
  "authorName": "Spotify",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.777,
  "pageNumber": 9,
  "pageCount": 34,
  "prevPage": 8,
  "nextPage": 10,
  "slideType": "kpi_dashboard",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 8,
  "notes": "Slide uses LTM (Last Twelve Months) metrics for revenue trends.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "bar_chart_vertical",
    "line_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5efe-75c0-8dff-1ae498bd91f0/9",
  "deckHref": "/decks/019dd923-5efe-75c0-8dff-1ae498bd91f0",
  "deckJsonHref": "/decks/019dd923-5efe-75c0-8dff-1ae498bd91f0.json",
  "deckAnchorHref": "/decks/019dd923-5efe-75c0-8dff-1ae498bd91f0#slide-9",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Premium Revenue grew 16% Y/Y to €3,771 million (or 16% Y/Y constant currency*), reflecting subscriber growth of 12% Y/Y and a Premium ARPU increase of 4% Y/Y to €4.73.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-832b-73b4-83ac-7649d11b896f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.55,
        "y": 0.55
      },
      "kind": "chart",
      "text": "Ad-Supported Revenue and % of Total Revenue trend",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "588aeada-a049-4671-9e40-8f52ba34b3ca",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.55,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Premium Revenue and ARPU trend",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ee8e0e7e-616e-4678-8507-8c7f02ad9a14",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "disclaimer",
      "text": "Constant Currency adjusted measures are non-IFRS measures. ARPU means Premium Average Revenue per User. LTM represents annual performance covering the preceding 12 months.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "20a91126-ed48-4de4-8866-938a119cd939",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Revenue: €3,771 million",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-832b-73b4-83ac-786d9dfb9eb0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.45,
        "x": 0.05,
        "y": 0.25
      },
      "kind": "paragraph",
      "text": "Premium growth driven by Subscriber and ARPU gains. Premium Revenue grew 16% Y/Y to €3,771 million, reflecting subscriber growth of 12% Y/Y and a Premium ARPU increase of 4% Y/Y to €4.73.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "610fbbb5-32c6-4d75-b7e0-e580886802f1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.45,
        "x": 0.05,
        "y": 0.52
      },
      "kind": "paragraph",
      "text": "Advertising growth across music and podcasting. Ad-Supported Revenue grew 8% Y/Y. Music and podcast advertising was driven by growth in impressions sold, partially offset by softness in pricing.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "76040cbc-17ee-44f7-9d74-0bdf14959c3b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.15,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Revenue",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ac5a1275-0881-4f7d-86d8-44463dcebbeb",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 9,
      "beatId": "a2749ea7-4e8b-4069-ba03-ccb0d283a052",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The deck provides detailed financial information, including revenue, gross margin, and outlook for Q2'25.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}