Spotify Technology (SPOT) EBT (2017 - 2026)
Spotify Technology (SPOT) posted EBT of $1.1 billion for Q1 2026, down 7.7% sequentially from $1.2 billion in Q4 2025, and up 217.95% YoY from $345.0 million in Q1 2025.
Spotify Technology (SPOT) EBT (2017 - 2026) Analysis & Trends
Spotify Technology has reported EBT for 10 years, with the latest figure at $1.1 billion in Q1 2026.
- Quarterly EBT rose 217.95% year-over-year to $1.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.3 billion (up 105.88% YoY) and the FY2025 annual result came in at $2.6 billion, up 80.66% from the prior year.
- EBT eased to $1.1 billion in Q1 2026 per SPOT's latest filing, from $1.2 billion in the prior quarter.
- Over five years, EBT peaked at $1.2 billion in Q4 2025 and troughed at -$296.9 million in Q4 2022.
- A 5-year average of $246.6 million and a median of $174.0 million in 2022 frame the typical range for EBT.
- The sharpest annual moves came in 2022 and 2024: EBT slumped 3144.09% in 2022, then surged 478.32% in 2024.
- Over 5 years, EBT stood at -$296.9 million in 2022, then surged by 52.53% to -$140.9 million in 2023, then soared by 478.32% to $533.2 million in 2024, then jumped by 122.89% to $1.2 billion in 2025, then slipped by 7.7% to $1.1 billion in 2026.
- According to Business Quant data, EBT over the past three periods registered $1.1 billion, $1.2 billion, and $966.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,253.34 Bn | 3,824.30 Bn | 73.85 Bn | 138.75 Bn |
| 2 | Meta Platforms | 1,548.59 Bn | 1,458.33 Bn | 49.47 Bn | 18.76 Bn |
| 3 | Taboola.com | 1,144.63 Bn | 1,144.50 Bn | 139.48 Mn | 7.29 Mn |
| 4 | Baidu | 289.09 Bn | 284.60 Bn | 1.88 Mn | 554.00 Mn |
| 5 | Spotify Technology | 104.28 Bn | 94.04 Bn | 1.75 Bn | 1.10 Bn |
| 6 | Joyy | 78.58 Bn | 77.69 Bn | 205.64 Mn | 40.69 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 102,234.00 |
| 8 | Nebius | 49.00 Bn | 39.37 Bn | 295.20 Mn | 2.40 |
| 9 | 30.74 Bn | 27.96 Bn | 734.60 Mn | 256.84 Mn | |
| 10 | Tencent Music Entertainment | 27.35 Bn | 24.65 Bn | 514.00 Mn | 376.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 9.63 Mn |