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  "documentTitle": "Spotify | Results Presentation Deck | 36 slides",
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  "presentationDate": "2022-07-01 00:00:00",
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      "text": "Ad-Supported Gross Margin was 1.1% in Q2, down 980 bps Y/Y, reflecting favorable revenue mix shift towards podcasts and Marketplace growth, offset by non-music content spend, product enhancement spend and increased publishing rates.",
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      "text": "Premium Gross Margin was 28.0% in Q2, down 283 bps Y/Y. Excluding the Car Thing charge and change in accruals, Premium Gross Margin was 28.8%*, flat Y/Y, reflecting Marketplace growth, offset by increased publishing rates and product enhancement spend.",
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      "text": "Gross Margin finished at 24.6% in Q2, or 25.3%* excluding the €31 million charge for Car Thing and a net €11 million benefit related to changes in historical estimates for rights holder liabilities.",
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      "text": "*Adjusted Gross Margin is a non-IFRS measure. See \"Use of Non-IFRS Measures\" and \"Reconciliation of IFRS to Non-IFRS Results\" for additional information.",
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