Spotify Technology (SPOT) EBT (2017 - 2026)
Spotify Technology's (SPOT) quarterly EBT came in at $836.9 million in Q2 2026, up 1440.29% year-over-year from $54.3 million in Q2 2025, and down 23.71% quarter-over-quarter from $1.1 billion in Q1 2026.
Analysis
Spotify Technology (SPOT) EBT (2017 - 2026) Analysis & Trends
Spotify Technology has disclosed EBT across 10 years of filings, most recently posting $836.9 million for Q2 2026.
- In Q2 2026, EBT rose 1440.29% year-over-year to $836.9 million; the TTM figure through Jun 2026 stood at $4.1 billion (up 198.55% YoY), while the FY2025 annual figure was $2.6 billion, up 80.66% from the prior year.
- EBT came in at $836.9 million for Q2 2026 at Spotify Technology, down from $1.1 billion in the prior quarter.
- In the past five years, EBT ranged from a high of $1.2 billion in Q4 2025 to a low of -$296.9 million in Q4 2022.
- Average EBT over 5 years is $279.4 million, with a median of $181.5 million recorded in 2022.
- Year-over-year, EBT sank 3144.09% in 2022 and jumped 1440.29% in 2026.
- Over 5 years, EBT stood at -$296.9 million in 2022, then soared by 52.53% to -$140.9 million in 2023, then jumped by 478.32% to $533.2 million in 2024, then surged by 122.89% to $1.2 billion in 2025, then fell by 29.58% to $836.9 million in 2026.
- Per Business Quant data, the three most recent EBT figures were $836.9 million in Q2 2026, $1.1 billion in Q1 2026, and $1.2 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 298.93 Bn | 289.80 Bn | 6.52 Bn | 4.07 Bn |
| 2 | Spotify Technology | 104.93 Bn | 94.01 Bn | 1.86 Bn | 836.90 Mn |
| 3 | Tencent Music Entertainment | 12.20 Bn | 9.10 Bn | 582.00 Mn | 452.00 Mn |
| 4 | FuboTV | 1.09 Bn | 3.01 Bn | 399.10 Mn | -181.90 Mn |
| 5 | iQIYI | 974.56 Mn | 490.38 Mn | 152.37 Mn | -16.19 Mn |
| 6 | Huya | 920.96 Mn | 560.70 Mn | 37.58 Mn | 231,000.00 |
| 7 | Mega Matrix | 211.73 Mn | 204.42 Mn | 3.03 Mn | -19.51 Mn |
| 8 | Kaltura | 203.35 Mn | 172.05 Mn | 34.54 Mn | -3.09 Mn |
| 9 | CuriosityStream | 164.31 Mn | 115.92 Mn | 16.93 Mn | 9.32 Mn |
| 10 | Cineverse | 50.40 Mn | 46.08 Mn | 10.66 Mn | -5.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 836.90 Mn |
| Mar 31, 2026 | 1.10 Bn |
| Dec 31, 2025 | 1.19 Bn |
| Sep 30, 2025 | 966.81 Mn |
| Jun 30, 2025 | 54.33 Mn |
| Mar 31, 2025 | 345.02 Mn |
| Dec 31, 2024 | 533.23 Mn |
| Sep 30, 2024 | 437.09 Mn |
| Jun 30, 2024 | 290.76 Mn |
| Mar 31, 2024 | 189.03 Mn |
| Dec 31, 2023 | -140.95 Mn |
| Sep 30, 2023 | 79.47 Mn |
| Jun 30, 2023 | -262.43 Mn |
| Mar 31, 2023 | -221.11 Mn |
| Dec 31, 2022 | -296.89 Mn |
| Sep 30, 2022 | -145.19 Mn |
| Jun 30, 2022 | -96.04 Mn |
| Mar 31, 2022 | 173.96 Mn |
| Dec 31, 2021 | -9.15 Mn |
| Sep 30, 2021 | 191.04 Mn |