Bryan Goldberg
Head of Investor Relations

Good morning. I'm Bryan Goldberg, Head of Investor Relations at Spotify. It's my privilege to welcome everyone in the room and on the live stream to our 2026 Investor Day. Over the next several hours, the Spotify management team is going to be providing a detailed look into our business, where we've been, where we are today and the growth opportunities we see ahead.

Now before we begin, we are going to be making some forward-looking statements that are subject to risks and uncertainties. So please review the safe harbor statement on the slide behind me. And if reading is not your thing, then simply listen to the Snoop Dogg.

[Presentation]

Unknown Executive

Please welcome to the stage Co-CEOs of Spotify, Alex Norstrom and Gustav Soderstrom.

Alex Norström
Co-CEO & Director

Good morning, everyone. I'm Alex.

Gustav Söderström
Co-CEO & Director

And I'm Gustav.

Alex Norström
Co-CEO & Director

Whether you've been following our journey since the beginning or taking a fresh look today, thank you for joining us. Today is our opportunity to share with you why we are so excited about value creation for Spotify.

Spotify is in the business of delivering creativity and culture to the world, helping artists, creators and authors connect with audiences and grow their careers. Now Gustav and I, we've been