Spotify Technology (SPOT) EBITDA (2017 - 2026)
Spotify Technology's EBITDA was $348.71 million in the quarter ended Jun 30, 2026, up 285.1% from $90.56 million a year earlier but down 59.8% from the prior quarter.
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Analysis
Spotify Technology (SPOT) EBITDA (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Spotify Technology's EBITDA was $2.35 billion through Jun 30, 2026, up 36.3% year-over-year; for the year ended Dec 31, 2025, it was $2.61 billion, up 70.6% from the prior year.
- In earlier years, EBITDA was $1.53 billion in the year ended Dec 31, 2024, -$390.57 million in the year ended Dec 31, 2023, -$577.46 million in the year ended Dec 31, 2022 and $173.88 million in the year ended Dec 31, 2021.
- Quarterly EBITDA has moved between -$623.95 million (the quarter ended Jun 30, 2023) and $867.52 million (the quarter ended Mar 31, 2026) over five years.
- Compared with a year earlier, EBITDA has increased for three straight quarters, with growth averaging 151.1% over the last seven quarters.
- The best year-over-year quarter for EBITDA over five years was the quarter ended Sep 30, 2024 (growth of 618.1%); the worst was the quarter ended Jun 30, 2025 (a decline of 71.6%).
- Per Business Quant data, SPOT's EBITDA in the three quarters before the quarter ended Jun 30, 2026 was $867.52 million (quarter ended Mar 31, 2026), $845.1 million (quarter ended Dec 31, 2025) and $293.43 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 47.87 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 25.13 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 8.60 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | - |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 495.00 Mn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 2.09 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 2.63 Bn |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 819.47 Mn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 819.47 Mn |
| Mar 31, 2026 | 897.96 Mn |
| Dec 31, 2025 | 321.28 Mn |
| Sep 30, 2025 | 728.32 Mn |
| Jun 30, 2025 | 994.99 Mn |
| Mar 31, 2025 | 828.88 Mn |
| Dec 31, 2024 | 653.98 Mn |
| Sep 30, 2024 | 665.52 Mn |
| Jun 30, 2024 | 396.29 Mn |
| Mar 31, 2024 | 273.76 Mn |
| Dec 31, 2023 | 65.63 Mn |
| Sep 30, 2023 | 89.26 Mn |
| Jun 30, 2023 | -191.65 Mn |
| Mar 31, 2023 | -37.57 Mn |
| Dec 31, 2022 | -96.92 Mn |
| Sep 30, 2022 | -167.37 Mn |
| Jun 30, 2022 | -149.39 Mn |
| Mar 31, 2022 | 50.51 Mn |
| Dec 31, 2021 | 53.77 Mn |
| Sep 30, 2021 | 143.87 Mn |
API Access
Spotify Technology EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "SPOT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();