{
  "docId": "019de074-c315-704d-a5b5-4939a9c58946",
  "docSlug": "c124760f0c8cd555a68fc4feaf1c73d5",
  "documentTitle": "Spotify | Results Presentation Deck | 34 slides",
  "authorId": "spotify",
  "authorName": "Spotify",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-04-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 8,
  "pageCount": 34,
  "prevPage": 7,
  "nextPage": 9,
  "slideType": "executive_summary",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 12,
  "notes": "The slide uses a structured list format to break down financial metrics into three key categories.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de074-c315-704d-a5b5-4939a9c58946/8",
  "deckHref": "/decks/019de074-c315-704d-a5b5-4939a9c58946",
  "deckJsonHref": "/decks/019de074-c315-704d-a5b5-4939a9c58946.json",
  "deckAnchorHref": "/decks/019de074-c315-704d-a5b5-4939a9c58946#slide-8",
  "components": [
    {
      "bbox": {
        "h": 0.03,
        "w": 0.7,
        "x": 0.15,
        "y": 0.94
      },
      "kind": "disclaimer",
      "text": "* Constant currency measures and Free Cash Flow are non-IFRS measures. See \"Use of Non-IFRS Measures\" and \"Reconciliation of IFRS to Non-IFRS Results\" for additional information.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d1efc286-aa44-458c-a1a6-78e43bda0d1a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.34
      },
      "kind": "list",
      "text": "Gross Margin was 25.2% in Q1, flat Y/Y reflecting: Continued growth in Marketplace activity and improvement in podcast profitability; offset by Higher Other Cost of Revenue.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "08260432-80c5-4a34-a45d-4eb761632317",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.18
      },
      "kind": "list",
      "text": "Revenue of €3,042 million grew 14% Y/Y in Q1 (or 13% Y/Y constant currency), reflecting: Premium Revenue growth of 14% Y/Y; Ad-Supported Revenue growth of 17% Y/Y.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ded52ba6-4db0-4f33-b160-7ecdd98f9705",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.49
      },
      "kind": "list",
      "text": "Operating Loss of (€156) million reflected the above and Operating Expense growth of 36% Y/Y, reflecting: Higher personnel costs; Lower marketing and legal costs.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ec75c968-75db-4fcd-87ed-fdf3ea8e6ec7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.8
      },
      "kind": "list",
      "text": "Free Cash Flow was €57 million in Q1. Capital expenditures decreased €8 million Y/Y to €2 million. Liquidity: €3.5 billion in cash. Workforce: 9,646 FTEs.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fd1d82bd-96b8-46e8-a0e3-0d1588c084b1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.65
      },
      "kind": "list",
      "text": "Operating Expense growth was impacted by: Y/Y changes in Social Charges; Severance-related charges associated with our Q1 workforce reduction.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fef5e36d-3ee7-4ae4-994c-0712a27f128e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.35,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Financial Summary",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9e538584-f843-4acb-985c-3ae3aa723a3b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "438687b0-294b-4750-aa50-d3afc168fdb2",
      "evidence": "This slide provides a financial summary similar to an executive summary.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [
    {
      "to": 12,
      "from": 5,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "1874cdb1-a7d7-40ac-b070-11738d33582e",
      "evidence": "The deck walks through the logic of revenue growth and its drivers",
      "position": 0,
      "objective": "Understand the drivers of revenue growth",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}