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  "documentTitle": "Spotify | Results Presentation Deck | 36 slides",
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  "authorName": "Spotify",
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  "presentationDate": "2023-07-01 00:00:00",
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      "text": "Premium Gross Margin was 28.5% in Q2. Adjusted Premium Gross Margin* was 28.4%, down 37 bps Y/Y, reflecting Marketplace growth and Other Cost of Revenue favorability, partially offset by increased music royalty costs.",
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      "text": "Ad-Supported Gross Margin was (5.7%)% in Q2. Adjusted Ad-Supported Gross Margin was 5.7%, up 458 bps Y/Y, reflecting improving podcast profitability and Other Cost of Revenue favorability, partially offset by increased music royalty costs.",
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      "text": "Gross Margin finished at 24.1% in Q2. Adjusted Gross Margin* was 25.5%, which excludes €44 million in net charges. Adjusted Gross Margin* was up 22 bps Y/Y, reflecting podcasting improvement, Marketplace growth and Other Cost of Revenue favorability.",
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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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