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  "documentTitle": "2025 Q4 Shareholder Deck",
  "authorId": "Spotify",
  "authorName": "Spotify",
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  "notes": "Includes user metrics, revenue breakdown, profitability, and liquidity data.",
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      "kind": "disclaimer",
      "text": "* Free Cash Flow and Constant Currency adjusted measures (FXN) are non-IFRS measures. See \"Use of Non-IFRS Measures\" and \"Reconciliation of IFRS to Non-IFRS Results\" for additional information.",
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      "text": "Total Revenue: 4,531",
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      "text": "User, Financial & Liquidity Summary table showing Q4 2024 to Q4 2025 data",
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