Spotify(SPOT) - 2025 Q4 - Annual Report

Exhibit 99.1 Spotify " Constant Currency adjusted measures and Free Cash Flow are non-lFRS measures "and "Reconciliation of IFRS to Non-lFRS to Non-l FRS to Non-l FRS results" for additional i Q4 2025 Update February 10th, 2026 | Table of Contents Key Highlights Financial Summary MAUs & Subscribers Product & Platform Outlook Financial Statements Executive Summary p.03 p.04 p.06 p.13 p.16 p.19 p.22 | | --- | Executive Summary We finished 2025 with strong performance, as all Q4 KPIs met or exceeded guidance t ...